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"International trade when done with effective reciprocity and managing the trade deficit, can lead to competition on a larger scale, better outcome for consumer
by pcurve 6y ago
"International trade when done with effective reciprocity and managing the trade deficit, can lead to competition on a larger scale, better outcome for consumers and specialization in particular aspect of manufacturing or services."
you need a properly functioning local government, which is pretty rare in developing countries.
- missedthecue 6y agoBut it's not an indictment of free trade