What are the disadvantages of engaging in strategic trade policy even in cases in which it can

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What are the disadvantages of engaging in strategic trade policy even in cases in which it can be shown to yield an increase in a country’s welfare?

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International Economics Theory and Policy

ISBN: 978-0273754206

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

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Question Posted: Oct 24, 2012 11:42 PM

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What are the disadvantages of engaging in strategic trade policy even in cases in which it can

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The main disadvantage is that it can lead to both rentseeking an...View the full answer

International Economics Theory and Policy

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