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The world trading system can be characterized as a combination of levers and ratchets. In this analogy the levers represent A . the implementation of
The world trading system can be characterized as a combination of "levers" and "ratchets." In this analogy the "levers" represent A the implementation of binding tariffs which prevent backsliding. B international trade negotiations that push trade liberalization forward. C "sticks" that punish undesired behavior.The world trading system can be characterized as a combination of "levers" and "ratchets." In this analogy the "levers" represent
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