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What effect do lower trade barriers have on domestic producers of products that compete with imports? What additional economic development benefits might trade liberalization bring

  1. What effect do lower trade barriers have on domestic producers of products that compete with imports?
  2. What additional economic development benefits might trade liberalization bring to a developing country (e.g., knowledge)?
  3. If you can, suggest mechanisms that could make the liberalization process more beneficial to economic development.

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