It is no wonder, therefore, that the imports of manufactured goods
into Russia are so insignificant, and that since 1870--that is,
nine years before the general increase of duties--the proportion
of manufactured goods to the aggregate imports has been on a steady
decrease. Manufactured goods make now only one-fifth of the imports,
and only occasionally rise to one-third, as was the case in 1910--a
year of maximal imports. Besides, while the imports of Britain into
Russia were valued at £16,300,000 in 1872, they were only £6,884,500
to £11,320,000 in the years 1894 to 1909. Out of them, manufactured
goods were valued at a little more than £2,000,000--the remainder
being either articles of food or raw and half-manufactured goods
(metals, yarn and so on). They reached £15,300,000 in 1910--a year
of maximum, and consisted chiefly of machinery and coal. In fact,
the imports of British home produce have declined in the course of
ten years from £8,800,000 to £5,000,000, so as to reduce in 1910
the value of British manufactured goods imported into Russia to
the following trifling items: machinery, £1,320,000; cottons and
cotton yarn, £360,000; woollens and woollen yarn, £480,000; chemical
produce, £476,000; and so on. But the depreciation of British goods
imported into Russia is still more striking. Thus, in 1876 Russia
imported 8,000,000 cwts. of British metals, and they were paid
£6,000,000; but in 1884, although the same quantity was imported, the
amount paid was only £3,400,000. And the same depreciation is seen
for all imported goods, although not always in the same proportion.
It would be a gross error to imagine that the decline of foreign
imports is mainly due to high protective duties. The decline of
imports is much better explained by the growth of home industries.
The protective duties have no doubt contributed (together with other
causes) towards attracting German and English manufacturers to Poland
and Russia. Lodz--the Manchester of Poland--is quite a German city,
and the Russian trade directories are full of English and German
names. English and German capitalists, English engineers and foremen,
have planted within Russia the improved cotton manufactures of
their mother countries; they are busy now in improving the woollen
industries and the production of machinery; while Belgians have
rapidly created a great iron industry in South Russia. There is
now not the slightest doubt--and this opinion is shared, not only
by economists, but also by several Russian manufacturers--that a
free-trade policy would not check the further growth of industries in
Russia. It would only reduce the high profits of those manufacturers
who do not improve their factories and chiefly rely upon cheap labour
and long hours.
Public-domain text, read in full here on John Shaqi.
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