Critically evaluate the following statement:

In light of the experience of the last two decades, free trade is the best trade policy for most developing countries.

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Joshua StredderLv10

29 Sep 2019

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6. (a) Why do most countries have some protectionist trade barriers? (b) Identify two types of protectionist trade barriers. (c) Which is usually better for most countries, protectionist trade policies or free trade? Explain. (d) For most countries would a fair trade policy usually be the same as a free trade policy? Explain. (e) Which is better for a country economically, a multilateral free trade agreement including most countries, such as the WTO, or a regional trade agreement with oneâs neighboring countries, such as NAFTA? Explain.

(a) Why do most countries have some protectionist trade barriers?

(b) Identify two types of protectionist trade barriers.

(d) For most countries would a fair trade policy usually be the same as a free trade policy? Explain.

(e) Which is better for a country economically, a multilateral free trade agreement including most countries, such as the WTO, or a regional trade agreement with one's neighboring countries, such as NAFTA? Explain.

whitecricket532

In recent decades, trade has been growing faster than income for many countries. What combination of trade effects is sufficient for this to come about? Is this behavior consistent with the Rybczynski theorem? Under what circumstances?