Report on Manufactures
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Read on Hacker News…rg/wiki/Mercantilism This is how the United States developed in the past. Alexander Hamilton's economic strategy for the United States followed a similar script. See his Report on Manufactures : http://en.wikipedia.org/wiki/Report_on_Manufactures This report was read by Friedrich List, who then wrote a similar development strategy for the 19th C. German economy. It was this strategy that made the German industrialization so rapid and effective. http://en.wikipedia.org/wiki/Friedrich_List There are a number of spectators who have correctly characterized China's model as modern-day mercantilism (even though they disagree on specifics and the appropriate response): Krugman: http://krugman.blogs.nytimes.com/2009/12/31/macroeconomic-ef... NRO: http://www.nationalreview.com/nrof_bartlett/bartlett20031105... See also: http://www.associatedconten…
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