This is fascinating. It's the economic equivalent of an NTSB aircraft accident report.https://twitter.com/APanagariya/status/1367059187214282752 …
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India at least developed a couple domestic industries like cars, TVs etc.. most protectionist economies couldn't manage even that. An understandable instinct for newly independent countries but it didn't really work out
Yeah, there's a lot of stuff governments only learn doesn't work by trying it. E.g. when the Romans learned that debasing the coinage doesn't work.
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Isn't this exactly what the US is doing right now?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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