THE VACUITY OF THE FREE TRADE ARGUMENT
WITH FTA COUNTRY WILL HAVE TO MEEKLY ACCEPT CONSEQUENCES
2023-12-23 11:49
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A country with relatively unrestricted trade will face two problems: the first is a balance of payments problem because its exports are insufficient relative to its imports. And the second, the creation of unemployment, and more generally of domestic resources remaining idle, because domestic goods cannot compete with imports.