Items related to Protection to Native Industry

Protection to Native Industry - Softcover

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9781330290040: Protection to Native Industry

Synopsis

This book's central topic is whether the abolition of customs duties on manufactured goods in Britain was a productive change for the nation. The author contends that this policy, implemented twenty years prior, has had unforeseen negative consequences for Britain's manufacturing industries and working class. The author argues that "Free Trade" in this context has actually amounted to Britain unilaterally opening its ports to foreign manufacturers duty-free, without securing reciprocal concessions from other nations. Industries across Britain are now facing increased competition from abroad, leading to depressed wages, unemployment, and declining living standards for the working class. The author contrasts the poor state of Britain's manufacturing sector with the prosperity of its agricultural sector, which has benefited from the abolition of duties on imported food. The book presents a compelling case for re-evaluating the current policy of free trade in manufactured goods, with the goal of protecting and supporting domestic industries and ensuring the economic well-being of the British people.

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