Posted: March 6th, 2017
Despite the accepted benefits of comparative advantage,. international trade has been impeded by various governments around the world through the implementation of protectionist policies such as;
The infant industry argument
Changing comparative advantage and the inflexibility of workers
To prevent damaging and other unfair trade practices
To improve a country s terms of trade by exploiting its market power
To protect declining industries
You are required to: provide counter arguments to the protectionist policies listed above..
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