What Did They Do? What Should They Have Done?
This chapter first establishes that tariffs were much higher in the autonomous periphery than in the European industrial core, and that the tariffs there rose steeply across the late nineteenth century. Furthermore, the rise in tariff rates even took place in Asia, where European colonies were so common. It then asks why tariffs were so high (and rising) in the periphery. Was this anti-trade policy backlash motivated by industrialization targets, by compensation of the losers from trade, by government revenue needs, or by other goals?
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