Earlier quoted context omitted.
> Learned that free trade is generally bad for developing countries The consensus among experts on the matter is that protectionism has a negative effect on economic growth and welfare, while free trade has a positive effect. There are challenges to be sure, but free trade is most definitely a net positive for developing countries. Countries whose governments prevent their citizens from engaging in international trad…
Well read "Bad Samaritans" to see why the consensus amongst economists is wrong. There isn't a single first world country that developed under free trade. The US and the UK were highly protectionist with steep tariffs, and it was only after they gained world dominance that they started opening their borders and demanding free trade from everyone else. The economic "miracles" of Japan, Korea, and Taiwan were all highl…
Isn't it interesting that in books about the economic development of the "first world" you never read about imperial politics? It boils down to how looting of other peoples resources and selling/keeping these people as slaves is the key reason for the riches in the "first world" (particularly its western part). And how protectionism came after (or in parallel, in later phases) to protect the looted. And how the West still does the looting of other peoples resources today and (thanks to that) keeps and grows its riches. And how the only thing that has changed is that it doesn't do the slave trade anymore, but how it still uses and profits greatly from the slave labour.
Maybe someone can recommend a book on this.