28 September 2021

On protectionism as a policy tool 

Is protectionism is necessarily bad for or economic development? Ask an economist and he will have a clear answer yes while a politician remains sceptical of its outcomes. But let's change our question and ask is opening up the economies is the ultimate panacea for development and history will tell us no. Africa is among the most open economies at least it is definitely more open than Asia the same can be said about North-America and yet if reflect we find that Asian economies are now far ahead when compared with countries in these regions. So why and how? When protectionism is necessarily bad and when not. Watch the video to find out. 

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