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.)© BrainMass Inc. brainmass.com March 4, 2021, 6:11 pm ad1c9bdddf
Trade liberalization is examined.