Comment by jampekka
Import substitution. Before the free trade ideology it was quite a popular and (usually) deliberate method for industrialisation and technological progress.
https://en.m.wikipedia.org/wiki/Import_substitution_industri...
Import substitution. Before the free trade ideology it was quite a popular and (usually) deliberate method for industrialisation and technological progress.
https://en.m.wikipedia.org/wiki/Import_substitution_industri...
That’s why the Huawei story seems different.
I think it’s about this attempt to block that actually makes the opponent stronger. The export restrictions were designed to weaken their competitiveness not enhance!
The restrictions blocked asml and Samsung and others from trading with China. Now China can just replace them. It seems.
But also no external competition causes no pressure to improve.