In order to give a comprehensive judgement about the validity of the current WTO recommendations for development in LEDCs, it is worth examining the history of development in those nations that have proven to ‘climb up the ladder’ successfully. This essay therefore analyses the history of Great Britain, the United States of America, Germany (Prussia), and Japan in that order. Throughout this analysis, it undoubtedly becomes clear that the level of state intervention in those cases have gone well beyond neoliberal recommendations of free trade. All four nations have actively created an entrepreneur-friendly environment through protectionism and infant industry promotion amongst other means. To derive a comprehensive conclusion on development policies for now-LEDCs, this essay is sub-divided into two sections: the first part points out the content of the current neoliberal discourse as embedded in the SAL-conditions of IMF and World Bank. The second part then investigates in the extent to which the now-developed countries mentioned above have used those policies. Considering the fact that the successful developers have not relied on mere market forces to any extent, the conclusion is that those policies are used by now-developed nations in order to ‘kick away the ladder’ for latecomers to climb up to the same level of development. The role of the state in LEDCs thus needs to be re-examined in order to construct more fruitful policy recommendations.
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Comparison Of Protectionism And Free Trade Economics Essay. Published: 23rd March, 2015 Last Edited: 23rd March, 2015. This essay has been submitted by a student. Re protectionist policies essay. 1. maj 2017. Disney dreamer and doer essays trichopus zeylanicus research paper difference between dissertation and research paper. Protectionist policies Essays: Over 180,000 Protectionist policies Essays, Protectionist policies Term Papers, Protectionist policies Research Paper, Book Reports. Related Post of Re protectionist policies essay; Essay on the road to revolution timeline; Essay on winter season in gujarati wedding; Digital pulse height analysis.