Most economists support trade liberalization in a globalized world.

Question

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Most economists argue that trade liberalization promotes economic growth, creates jobs, and reduces poverty in both developed and developing countries. It increases competition, lowers prices, and improves the quality of goods and services, leading to overall welfare gains. However, some economists criticize trade liberalization for causing job losses, environmental degradation, and income inequality if not complemented with adequate social policies and redistribution measures.

Most Economists Support Trade Liberalization in a Globalized World