Ricardo Hausmann
speaker
306 appearances
1 recordings
1 series
first heard Jun 2025
last heard Jun 2025
Ricardo Hausmann’s voice in public audio — every appearance, attributed to the second.
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Appearances
A set of guarantees would do the trick.
If you want the firm to learn, I mean, one thing is to have these temporary what they call infant protection.
And the term in the in in in the literature is is infant industry protection.
So you take an in an industry at its infancy and you give it some protection until it finds its way and then you you open up.
An alternative to that is you you subsidize their capital investment or you uh guarantee their demand, maybe government procurement or something else.
or you give it a special tax treatment.
So you have other ways to intervene.
The moment you you intervene with tariffs, you're essentially dumping the cost on the consumers of that industry.
And the consumers of that industry are going to become
less uh competitive and and their size will shrink and and they may become vulnerable to to other attacks.
So it's not the ideal instrument.
There's an additional reason why it may not be the right thing to do.
The US is and politically part of all this policy is based on the fact that the Midwest
Did very poorly.
The Rust Belt did very poorly.
They lost a lot of manufacturing jobs.
And you would like jobs to go back to the Midwest.
Pittsburgh lost its steel industry, Gary, Indiana lost its steel industry, Youngstown, Ohio, Cleveland, uh Detroit, etcetera.
These uh cities lost jobs in some industries.
Now you put the barriers, you put tariffs at the national level.
Showing 81–100 of 306 · page 5 of 16
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