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The Vacuity of the Free Trade Argument*
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Dec
25th 2023, Prabhat Patnaik
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Imagine
a country that is exposed to relatively unrestricted
trade. There are two obvious problems that it can face
because of this trade policy: the first is a balance
of payments problem because its exports are insufficient
relative to its imports.
*
This article was originally published in the Peoples
Democracy on
December 24, 2023.
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