Data have shown a clear and definitive link between
A) protectionist legislation and enhanced economic welfare of a country.
B) liberalization of trade and reduced disparity in personal income.
C) government subsidies and the development of globally competitive industries.
D) liberalization of trade and economic growth.
E) liberalization of trade and the elimination of poverty.

Question

Quizplus · Accepted Answer

Data have shown a clear and definitive link between liberalization of trade and economic growth. On a wide range of measures-poverty, education, health, and life expectancy-more people have become better off at a faster pace in the past 60 years than at any other time in history. Evidence is strong regarding the dramatic decline in both the proportion and the absolute number of destitute people.

Data Have Shown a Clear and Definitive Link Between