For a small country like the Philippines, a move to free trade would have huge advan- tages.
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"For a small country like the Philippines, a move to free trade would have huge advan- tages. It would let consumers and producers make their choices based on the real costs of goods, not artificial prices determined by government policy; it would allow escape from the confines of a narrow domestic market; it would open new horizons for entre- preneurship; and, most important, it would help to clean up domestic politics." Separate and identify the arguments for free trade in this statement.
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Related Book For
International Economics Theory & Policy
ISBN: 9780138002121
8th Edition
Authors: Paul R Krugman, Maurice Obstfeld
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