1. Economics
2. Economic Policy
3. International Policies
4. 33864

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

Discuss the following argument:

Trade liberalization makes poor countries worse off because it displaces domestic production. It would be better to protect the fledgling domestic manufacturers from import competition in order to promote industrial development.

(Note: trade liberalization refers to the removal of tariffs and other non-tariff barriers to trade.)