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**StitsVobsaith** · 08-18-2008, 07:20 PM

Originally posted by rmsharpe

So when the government has high tariffs on imported goods, it only effects the corporations? How about when all the banks are state-owned? All of the colonial countries in the 20th Century that have become developed had high tariffs on imported goods. And while all banks may not have been state owned, they were strictly regulated. The Asian tigers were able to develop very rapidly because of such policies, while those countries that have followed the IMF prescriptions are mostly basket cases.

08-18-2008, 07:20 PM	#11
StitsVobsaith Join Date Oct 2005 Posts 537 Senior Member	Originally posted by rmsharpe So when the government has high tariffs on imported goods, it only effects the corporations? How about when all the banks are state-owned? All of the colonial countries in the 20th Century that have become developed had high tariffs on imported goods. And while all banks may not have been state owned, they were strictly regulated. The Asian tigers were able to develop very rapidly because of such policies, while those countries that have followed the IMF prescriptions are mostly basket cases.
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