Trade Liberalization In Developing Countries featured image
October 28, 2021 Omaplex 0 Comments

There are two competing perspectives focusing on the relationship between trade and economic performance in developing countries. First, liberals argue that developing countries have to make a structural change to an open economy because, in the long run, greater openness leads to economic development through the efficient allocation of resources. According to them, the “correct” policies of open trade will increase the gain of developing countries and the world at large