International Trade a Study of the Economic Advantages of Commerce
International Trade a Study of the Economic Advantages of Commerce
Harry Gunnison Brown
The book International Trade a Study of the Economic Advantages of Commerce was written by author Harry Gunnison Brown Here you can read free online of International Trade a Study of the Economic Advantages of Commerce book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is International Trade a Study of the Economic Advantages of Commerce a good or bad book?
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Yet if applied carefully and consist- ently with the object of diversification in view, it is probable that a high tariff would increase the number of industries carried on. It does not follow that prosperity would be increased. There is no special advantage in having a larger number of occupations carried on when the average income is reduced by having them. As a matter of fact, a large country like the United States, with a wide range of natural resources and a versatile population, would be ...certain to have diversified industry within its borders, under either protection or free trade. With its mines of coal, iron, copper, etc. , the United States could hardly fail to be not alone an agricultural country, but a manu- facturing country as well. §8 The Argument that Protection should be Applied as a Means of Getting and Maintaining a Certain Degree of National Self-sufficiency Not all of the arguments for a protective tariff are strictly economic in character. There is, for instance, the argument that protection should be used to insure national self-sufficiency.
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