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Hong Kong practices unilateral free trade, and it sure hasn't seemed to hurt them.

• robryan 11y ago
  Assuming you benefit greatly from free trade. If everyone operated with completely free trade there would be big winners and big losers.
  • cturner 11y ago
    It is not a zero sum game. free trade lets specialisation scale better, and there are outcomes where everyone wins.
• snowwrestler 11y ago
  That is because Hong Kong makes a living primarily as a place where trades are executed, not as a significant trader itself. Hong Kong does not have large supplies of natural resources, huge manufacturing industries, or millions of acres producing agricultural exports. Pretty much the only economy they have is hosting relationships and taking a cut, so they have no economic reason to erect trade barriers.