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gabrisanz.bsky.social
Cuba begins to liberalize its economy, according to the ABC newspaper.

#Cuba #liberalization #illustration #ABC #art #pressillustration #press #economy #economicliberalization #photomontage #collage #freecuba
June 23, 2026 at 5:17 AM
iwpost.bsky.social
Autocracies get more repressive when opening up their economies – a political scientists explores why#Autocracy #Cuba #Cubaeconomy #Cubaneconomy #Democracy #Dictatorship #Economicliberalization #Economicreform #Economics #FriedrichHayek #MiltonFriedman #NicolásMaduro #RaulCastro #Venezuela #Venezuel
July 18, 2026 at 4:00 AM
iwpost.bsky.social
Autocracies get more repressive when opening up their economies – a political scientist explores why#Autocracy #Cuba #Cubaeconomy #Cubaneconomy #Democracy #Dictatorship #Economicliberalization #Economicreform #Economics #FriedrichHayek #MiltonFriedman #NicolásMaduro #RaulCastro #Venezuela #Venezuela
July 20, 2026 at 2:00 AM
robertcfried.bsky.social
**Will the US Become the Next UK?**

#UKManufacturingHistory #Protectionism #FreeTrade #IndustrialRevolution #EconomicPolicy #TradeHistory #BritishEconomy #Globalization #CornLaws #PostWarEconomy #EconomicLiberalization #ManufacturingSector #TradePolicy #HistoricalEconomics #UKTrade
**Will the US Become the Next UK?** Historically, the United Kingdom has applied tariffs and other protectionist measures at various points to support and develop its manufacturing sector, though this strategy evolved over time. 1. **Early Protectionism and Industrial Promotion**: During the 14th century, Edward III banned woolen cloth imports to foster local manufacturing. Under Henry VII and later Tudor monarchs, policies such as increased export duties on raw wool, subsidies, and import restrictions were used to promote the domestic wool industry. A significant turning point came in 1721 under Robert Walpole, who implemented high tariffs on imported manufactured goods, export subsidies, and reduced tariffs on raw materials. These policies helped establish Britain as a global industrial leader during the Industrial Revolution. By 1820, tariffs on manufactured imports averaged 45-55%, supporting domestic industry development [2]. 2. **Shift to Free Trade in the Mid-19th Century**: By the mid-19th century, Britain transitioned from protectionism to free trade. The repeal of the Corn Laws in 1846 marked a major shift toward liberalizing trade. While tariffs on many goods were abolished, Britain continued regulating strategic industries like machinery production to maintain its competitive edge [2][5]. 3. **Post-War Protectionism and Import Controls**: Following World War II, the UK reintroduced some protective measures due to economic necessity and a commitment to planned economic strategies. Import quotas and licensing systems were used extensively in the late 1940s and early 1950s to protect domestic manufacturing from foreign competition. For example, by 1950, import duties accounted for 31.2% of total imports, and import controls protected up to 16.5% of British manufacturing output [1][3]. 4. **Decline of Protectionism in Recent Decades**: From the 1970s onward, Britain moved away from protectionist policies as it embraced globalization and joined the European Economic Community (EEC). This shift exposed British manufacturers to greater competition but also led to specialization based on comparative advantage. However, this transition contributed to a decline in manufacturing's share of GDP relative to services [3]. In summary, while tariffs and protectionist measures were historically pivotal in fostering British manufacturing during its industrialization phase, these policies were largely abandoned in favor of free trade by the mid-19th century and further diminished in the late 20th century as part of broader economic liberalization efforts. #UKManufacturingHistory #Protectionism #FreeTrade #IndustrialRevolution #EconomicPolicy #TradeHistory #BritishEconomy #Globalization #CornLaws #PostWarEconomy #EconomicLiberalization #ManufacturingSector #TradePolicy #HistoricalEconomics #UKTrade Citations: [1] https://www.thebritishacademy.ac.uk/documents/3338/The_British_Academy_Trade_Policy_History.pdf [2] https://en.wikipedia.org/wiki/Tariff [3] https://assets.publishing.service.gov.uk/media/5a7c8b07ed915d6969f459d1/ep2-government-policy-since-1945.pdf [4] https://en.wikipedia.org/wiki/Tariff_in_United_States_history [5] https://www.parliament.uk/about/living-heritage/transformingsociety/tradeindustry/importexport/overview/freetrade/ [6] https://history.state.gov/historicaldocuments/frus1950v01/d277 [7] https://www.mercatus.org/economic-insights/expert-commentary/history-lesson-uks-free-trade-aims [8] https://www.nytimes.com/live/2025/02/01/us/trump-tariffs-news
February 3, 2025 at 2:10 AM