Embedded liberalism refers to the dilemma in which

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Embedded liberalism refers to the balance between free trade and government interventionism. While free trade is generally viewed as positive, there can be disruptive outcomes, such as increased job loss or inequality. The concept of embedded liberalism suggests that while states should promote free trade, they should also provide a social safety net to mitigate negative consequences. Thus, the government needs to be cautious and intervene where necessary to ensure that the benefits of free trade are shared equitably among its citizens.

Embedded Liberalism Refers to the Dilemma in Which