Economic Development 12th Edition by Michael Todaro

تمرين 4

Proponents of free trade, primarily developedcountry economists, argue that the liberalization of trading relationships between rich and poor countries (the removal of tariff and nontariff barriers) would work toward the long-run benefit of all countries. Under what conditions might the removal of all tariffs and other impediments to trade work to the best advantage of developing countries? Explain.