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.
Ha-Joon ChangRelated topics
exporting export fish free hair human infant international nation ore participation trade trading 1960s Korea textilesRelated quotes
[M]ore than they wanted freedom, the Athenians wanted security. Yet they lost everything-security, comfort, and freedom. This was because they wanted not to give to society, but for society to give to them. The freedom they were seeking was freedom from responsibility. It is no wonder, then, that they ceased to be free. In the modern world, we should recall the Athenians' dire fate whenever we confront demands for increased state paternalism.
Margaret Thatcher
The strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government official, a trade union official, or a business executive. If forces them to put up or shut up. They either have to deliver the goods, produce something that people are willing to pay for, are willing to buy, or else they have to go into a different business.
Milton Friedman
A child free from the guilt of ownership and the burden of economic competition will grow up with the will to do what needs doing and the capacity for joy in doing it. It is useless work that darkens the heart. The delight of the nursing mother, of the scholar, of the successful hunter, of the good cook, of the skilful maker, of anyone doing needed work and doing it well, - this durable joy is perhaps the deepest source of human affection and of sociality as a whole.
Ursula K. Le Guin
No slave system has ever been able to continue to function on the slaves provided by its own biological reproduction because the rate of human reproduction is too slow and the expense from infant mortality and years of unproductive upkeep of the young make this prohibitively expensive. This relationship is one of the basic causes of the American Civil War, and was even more significant in destroying ancient Rome.
Carroll Quigley
We must export to get necessities. We could not produce more than perhaps half our food. We had no raw materials, except coal and iron. Now we were importing both. We were even bringing coals to Newcastle, at least figuratively. All these imports must be paid for by exports... At first our main competitors-Germany and Japan-were out of the race. Now they were coming along very fast. We must not relax; on the contrary, we must make even greater efforts.
Harold Macmillan