Question
The United States, as it began its long and successful growth in the early 19th century, consciously promoted domestic production through such activities as tariffs,
The United States, as it began its long and successful growth in the early 19th century, consciously promoted domestic production through such activities as tariffs, and many direct subsidies to railroads, canal companies, farmers (free land) etc. This is a blatant example of large scale and extensive import-substitution industrialization (ISI) as having been very successful. Yet, the issue of ISI policy as it relates to a country's attempt to encourage and/or develop the (absent) foundations of production in the economy or sub-sector(s) of the economy continues to remain debatable.Comment on this and on the use of trade policy as a means to promote economic growth. Keep your answer to between 200-250 words.
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