Page 459 - clra62_0019-(GIPE)

INDEX
45 1
PROTECTION,- evils of, limited, tbat, if home-made, employment
oWV1g • to preponderance o( therefrona would DOt be givell to
more than 5 to 7t per cent, 0(
~ree Trade In world'. ind,stry, population; New South Wales
u. 179. , and Victoria given as eumples,
- fallacies or, ii. 423. ' IS2-ISJ.
-- injurious to imperial federa- Actual experience of Australasia
an c:xampJe of Ihe fUlility of pro-
tion, ii. 401.
tection to foster manufactures in
- injurious tendencies of, to the absence of a ,market, 157'
check coniumption, i. 366. 158•
-- of little use for manufac. Natural variety of industry even in
tures in new countries, ii. 148. an a~ricuJturaJ country greater
than IS supposed. The natural
- in the United States and its manufactures in such countries
probable decay, ii. 185. employing 5 to 10 per cent. of
PROTECTIONIST arguments as to the population do not need pro-
manufactures in new countries !ecllon, and protection cannot
based on a misunderstanding Increase these manufactures in
the absence of a home market,
of Mill'. idea, ii. 159. 159·
- controversy and import and The arguments of protectionists
export statistics. i. 34:Z. ba.ed On a misundentanding of
Mill', idea, 159-160-
Pro/e(lion joT manufactures in The promotion of manufactures in
new (oun/ria [1898), ii. 145- United States and Canada under
161. protective duties somewhat oul-
side the present subject, as il
Questions in political economy are involves tlie direct issue between
often questions of degree, and Free Trade and Protection, 160-
statistics help much in their so· 161.
lution. 14S. The general case as between Free
Mill's exception to Iree trade prin· Trade aDd Protection to manu.
ciples, vi." protection for manu· factures stated, 161.
factures In new countries, exam·
o ined, Rnd hi. remarks on Ameri- Prolu/iomsl victories and Frt'
can protectionists quoted, 146- Trade suaesses [1897], ii. 178-
147· ,188, 0
rrotect;on oC little use in fostering
manufactures in new countries, Introductory remarks, 178.
148• Free Trade: the real extent of;
The supposition that an agricultural tbe bulk of the industry of the
population is all agricultural is world-say nine-tenths or eYen
erroneous, it being generally more-is carried on under Free
about 60 per cent., 149- Trade, so that Protection Is less
Manufactures fostered by protec. mischievous to Protectionist
tion in new countries, and which countries tban it would other-
are nol in the nature of the case wise be, thanks to the British
local, can he but small, 1 So. Empire, 179-
England an example, wbere the Greater part of the world is DOW
manufacturing population is not formed into large states within
more than 20 per cent. of tbe which is complete Free Trade;
occupied population j two-thirds the British Empire for geograph-
of British manufacturing popula· ic:aJ reasons ~nnot have a Zoll.
tion engaged ill manufacture for nrein, but trade within the Em·
export and on't:-thlrd for home pire is practic:a1ly free, 180.
market, 151. protectionist countries not thorough
Imported mlln\lfactu~ of new in thf'z protection, hence iu
countries compared with their eviIs DOt fully felt, 181.
population and resources, sbow High customs tariffs not always