Tag Archives: Prasannan Parthasarathi
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