Proponents of free trade, primarily developed country economists, argue that the liberalization of trading relationships between rich and poor countries (the removal of tariff and nontariff barriers) would work toward the long-run benefit of all countries. Under what conditions might the removal of all tariffs and other impediments to trade work to the best advantage of developing countries? Explain.

Answer rating: 100% (QA)

It has been stated that proponents of free trade primarily developed country economists argue that t... View the full answer