With multilateral negotiations, a country reduces its trade barriers without other countries also reducing their barriers. exporters will fight any reductions in trade barriers. O import-competing domestic industries can count on support from foreign exporters in the same industries. opposing political interests can cancel each other out. the domestic industry lobby inevitably loses.
With multilateral negotiations, a country reduces its trade barriers without other countries also reducing their barriers. exporters will fight any reductions in trade barriers. O import-competing domestic industries can count on support from foreign exporters in the same industries. opposing political interests can cancel each other out. the domestic industry lobby inevitably loses.
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter21: International Trade And Comparative Advantage
Section: Chapter Questions
Problem 7DQ
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