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Until very recently, that was a pretty common view. Countries generally want unconstrained exports, while limiting competitive imports.
by __d 1mo ago
Until very recently, that was a pretty common view. Countries generally want unconstrained exports, while limiting competitive imports.
- ckrapu 1mo agoThat might be true in practice but also 1) completely incompatible with global notions of fairness and justice, and 2) not an especially compelling political argument for getting countries to open up their markets.
- __d 1mo ago(1) Agreed. (2) There’s very few sustainable global competitive advantages. Sometimes you might have a better natural resource by virtue of geography and getting in first to “own“ it. But for most businesses, reducing trade barriers really just introduces more competition.