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legitsteryesterday at 6:15 PM1 replyview on HN

It's also debatable how important tariffs even are for "infant industries". In most situations, if you ever remove the tariffs, the native industry is just as likely if not more likely to die out to any serious foreign competition.

For South Korea and China, tariffs were not a very key part of their industrial policy. Which is not to say that the government didn't have a massive hand in the success of their native industries. Case in point: shipbuilding for South Korea. The government was key in securing the capital investment in the massive drydocks the entire world depends on.


Replies

JumpCrisscrossyesterday at 10:11 PM

> For South Korea and China, tariffs were not a very key part of their industrial policy

Cars were absolutely incubated by Seoul. In part through drastic trade protections.