Category Archives: import substitution industrialization
The Calico Acts: Was British cotton made possible by infant industry protection from Indian competition?
Many “global historians” argue that the British cotton industry was the product of (unintentional) infant industry protection from Indian competition in the 18th century. The various Calico Acts created an import-substitution industry by banning Indian cloths and reserving the home market for British producers. This … Continue reading
Some caveats and reservations about the Napoleonic blockade paper on the infant industry argument that’s making waves. My caveat: protection persisted for decades after the blockade and may have helped keep the French cotton industry backward relative to Britain.