In theory they can be good for emerging domestic markets, but ever since global trade has been established centuries ago, it has never actually resulting in a net gain for the country/region/kingdom/empire that imposes any sort of self-paying tax on imported goods.
The self-paying tax part is the important part here.
Agree that it doesn’t exactly cause a net gain in these markets since it can be so hard to know when to let your foot off the brake but it certainly has been a tool for protecting certain markets from Western hegemony, which would be modern day colonialism by some standards.
In theory they can be good for emerging domestic markets, but ever since global trade has been established centuries ago, it has never actually resulting in a net gain for the country/region/kingdom/empire that imposes any sort of self-paying tax on imported goods.
The self-paying tax part is the important part here.
Agree that it doesn’t exactly cause a net gain in these markets since it can be so hard to know when to let your foot off the brake but it certainly has been a tool for protecting certain markets from Western hegemony, which would be modern day colonialism by some standards.