Posts Tagged: bhagwati

Why many developing countries seem, contrary to what the traditional theories suggest, not benefiting from international trade

The benefits of trade have been well documented throughout history. The economic case is quite straightforward. Opening up to trade allows countries to shift their patterns of production, exporting goods that they are relatively efficient at producing and importing goods

Why many developing countries seem, contrary to what the traditional theories suggest, not benefiting from international trade

The benefits of trade have been well documented throughout history. The economic case is quite straightforward. Opening up to trade allows countries to shift their patterns of production, exporting goods that they are relatively efficient at producing and importing goods