Economics, Econometrics and Finance
8 years ago

Free Trade Boosts Prosperity, but Widens Inequality Across Nations

3 views
˜The œJournal of social, political, and economic studies
Developed vs. Developing Countries and International Trade Liberalization: A Comparative Analysis
Shah M. Tarzi, Aristotle Emami

Paper Summary

The article compares the benefits and drawbacks of international trade between developed and developing countries. It discusses how free trade can lead to economic growth and efficiency, but also touches on concerns like inequality and environmental harm. Experts largely agree that free trade can boost living standards and should continue.

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