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Some say that Free Trade is really a tool of oppression. Third world countries can never develop their own industry because they cannot compete because they wil
by SixSigma 11y ago
Some say that Free Trade is really a tool of oppression. Third world countries can never develop their own industry because they cannot compete because they will never get over the Ricardian hump where their products will always be inferior or more expensive.
All they can look forward to is low margin agriculture and exploitative "offshore" manufacturing.
The solution would be self imposed sanctions aka trade tarrifs but the IMF and WTO will punish you for trying.
http://www.freetradedoesntwork.com/ http://www.freetradedoesntwork.com/
- duuuuuuude 11y agoI should disagree. In some cases you are right like high tech stuff but in other cases that don't need that kind of tech like online retailing, mobile apps and games and generally internet based services they could grow.