The Forum > Article Comments > Funding the farm > Comments
Funding the farm : Comments
By Andrew Leigh, published 29/11/2010There has to be take as well as give in economics
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I do believe free trade is beneficial to everyone, otherwise we go back to the world of 100 (or so) years ago. The question is usually how to manage it to avoid unnecessary hardships. Also, free trade is all good but I don't think we have it in any form as of yet. National boundaries, cultural differences, geopolitics etc. tend to put limits on the movement of capital and people.
Protectionist policies may have their benefits but I am not fully supportive of them. Subsidies (the usual option) tend to breed complacency and reliance, stifling innovation and efficiency and benefitting one group over another even in the same country. We periodically see new ways that protectionist policies crop up as in the trend for "regional food products" (French/Italian wines, Greek cheese, champagne etc.). It's amazing how we find new ways to make things more and more complicated.
http://currentglobalperceptions.blogspot.com/