-
As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not promoted infant industries, it would not have become a major trading nation. It would still be exporting raw materials (e.g., tungsten ore, fish, seaweed) or low-technology, low-price products (e.g., textiles, garments, wigs made with human hair) that used to be its main export items in the 1960s.
Topics
- 1960s
- Participation
- Trading
- Trade
- Infant
- Free Trade
- Technology
- International Trade
- South Korea
- Active
- Active Participation
- Doe
- Exporting
- Fishes
- Garments
- Hair
- Humans
- Korea
- Lows
- Made
- Materials
- Raw Materials
- Shows
- Stills
- Textiles
- Used
- Wigs
- Used To Be
- Industry
- International
- Items
- Majors
- Nations
- Products
- Pursued
- Seaweed
- South
Cite this Page: Citation