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Creating a Learning SocietyA New Approach to Growth, Development, and Social Progress$
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Joseph Stiglitz and Bruce Greenwald

Print publication date: 2014

Print ISBN-13: 9780231152143

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231152143.001.0001

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Commentary

Commentary

Chapter:
(p.499) Chapter Twenty-One Commentary
Source:
Creating a Learning Society
Author(s):

Robert Solow

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231152143.003.0021

This chapter presents a commentary by Robert Solow, Institute Professor Emeritus at the Massachusetts Institute of Technology. He discusses two questions that arose in his mind as he was listening to the lecture. The first is that it would take a lot of abstemiousness on the part of the rest of the world to accept broad tariff protection in developing countries while at the same time remaining open to exports from those same countries. The second question is: How do you prevent broad tariff protection from leading to rent-seeking and laziness? It also asks: Where do the incentives come from to use the broad protection to be given the infant economy in order to achieve higher productivity, learning, improvement in technology, and rapid growth instead of dissipating it in the collection and consolidation of rents?

Keywords:   Robert Solow, tariff protection, trade policy, developing countries, protection, infant economy, rent-seeking

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