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Trade Liberalisation: Theory vs. Reality by Luana Moraes is a document available to read on EtoBox.
What is Trade Liberalisation: Theory vs. Reality about?
This document discusses arguments for and against trade liberalization from both a theoretical and empirical perspective. It examines conventional arguments for the static and dynamic gains from liberalization but finds the theoretical grounds to be fragile and the empirical evidence mixed. New trade theory incorporates more complex factors like increasing returns and imperfect competition, but also provides ambiguous conclusions regarding policy. Overall, the empirical research on liberalization fails to c
- Author
- Luana Moraes
- Language
- EN