The future of free trade.
From: Business Economics
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Date: 4/1/1997
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Author: Barfield, Claude; Irwin, Douglas A.
Free trade is likely to continue and prosper in the future. Local markets will be more open to competition from foreign firms as the results of multilateral trade negotiations bear fruit and more countries positively react to technological and market forces by adopting liberal economic policies. More countries are expected to eliminate nontariff barriers and copy the example of East Asian economies which benefited from the adoption of outward-oriented trade and investment policies. However, ...
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