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Costs and benefits of trade liberalization

Author

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  • Hasan, Arsalan

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.

Suggested Citation

  • Hasan, Arsalan, 2010. "Costs and benefits of trade liberalization," MPRA Paper 25657, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:25657
    as

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    File URL: https://mpra.ub.uni-muenchen.de/25657/1/MPRA_paper_25657.pdf
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    References listed on IDEAS

    as
    1. Moritz Cruz, 2008. "Can Free Trade Guarantee Gains from Trade?," WIDER Working Paper Series RP2008-97, World Institute for Development Economic Research (UNU-WIDER).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    trade liberalization; free trade; costs and benfits; pakistan trade;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F0 - International Economics - - General
    • F1 - International Economics - - Trade

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