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Costs and benefits of trade liberalization

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  • Hasan, Arsalan
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    Abstract

    Conventional economic theory advocates trade liberalization, and ultimately free trade because its benefits are said to outweigh its costs. This paper states the arguments for and against the liberalization of trade and then analyzes the case of Pakistan's trade liberalization. Some recommendations are also put forward for trade liberalization to be successful in developing economies.

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    File URL: http://mpra.ub.uni-muenchen.de/25657/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 25657.

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    Date of creation: 27 Sep 2010
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    Handle: RePEc:pra:mprapa:25657

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    Keywords: trade liberalization; free trade; costs and benfits; pakistan trade;

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    1. Cruz, Moritz, 2008. "Can Free Trade Guarantee Gains from Trade?," Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) RP2008/97, World Institute for Development Economic Research (UNU-WIDER).
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