Costs and benefits of trade liberalization
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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- Cruz, Moritz, 2008. "Can Free Trade Guarantee Gains from Trade?," WIDER Working Paper Series 097, World Institute for Development Economic Research (UNU-WIDER).
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