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Samizdata quote of the day

Protectionism does not aid development. Developing countries with open economies are catching up with rich ones; those with closed economies are falling further behind.

Andrew Mitchell, the UK’s Shadow Secretary of State for International Development

3 comments to Samizdata quote of the day

  • Lascaille

    Yeah because nothing wins votes like saying ‘vote for us and we’ll remove the jobs that you only have because of our protectionist policies.’

    I like the sentiment but I don’t see anyone falling for it.

    Tell the French farmers!

  • Never mind the fact that American and British commercial empires were built on protectionist policies…

    In that case all countries should stop propping up airlines, manufacturers, hi-tech industries, the oil and power industries, etc., etc. through grants, subsidies…

    Do as we say not as we do.

  • GF

    Yeah, the British corn empire is only the way it is because of protectionism. Oh, wait…