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The Napoleonic blockade & the infant industry argument: caveats, limitations, reservations
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.
Posted in cotton, cotton textiles, France, import substitution industrialization, industrial policy, Industrial Revolution, Infant industry argument, protectionism, trade & development
Tagged agglomeration, cotton, Infant industry argument, John Nye, Napoleonic blockade, Reka Juhasz, rent-seeking
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pseudoerasmus 