I'm reading the book The Divide at the moment. It makes the argument that it takes time and the right conditions to build up an industry - infrastructure needs to be built, education and a skilled labor pool with the necessary know-how as well. To begin with, a fledgling industry in a developing country cannot compete with those of already industrialized countries - these are already so effective that they can underc…
> So the book argues that when developing countries are pressured into free trade agreements This should have been obvious since the Opium Wars and the Opening of Japan (see Commodore Matthew Perry). All developed countries are pro free trade for markets where they are strong and fiercely protectionist where they are not (or they consider those markets strategic priorities). I'm from Romania. Romania joined the EU in…
To my mind the EU was our salvation not so much because of its economic nature, but because of its political one. The free market was the price we had to pay in order to be able to travel, work, study abroad, earn real wages that we could use to invest back into our own country etc. The EU also insured a decent degree of geo-political, strategic stability. Without the EU we may have ended up like our neighbors to the North/East.