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CT 1
Trade Liberalization (50 Points)
What role does trade liberalization (i.e., reducing barriers to trade) play in fostering economic growth and
development? In your response, address the following points succinctly:
1.
2.
3.
4.
What effect do lower trade barriers have on the price of domestic goods?
What effect do lower trade barriers have on domestic producers of
products that compete with imports?
What additional economic development benefits might trade liberalization
bring to a developing country (e.g., knowledge)?
If you can, suggest mechanisms that could make the liberalization process
more beneficial to economic development?
Your paper should be 600-900 words. Support your analysis by referencing and citing at least two credible sources.
(One can be your text; others may include scholarly journal articles, business or law journal articles, textbooks, news
publications, etc.).
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