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its rate of economic growth? Three points are salient. First, in its present state, trade theory provides little guidance … as to the role of trade policy and trade strategy in promoting growth. Second, the empirical evidence overwhelmingly …
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to deve- lopment. The contrast with views today is striking. It is now widely accepted that growth prospects for …
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In this paper, the evolution of thought regarding protectionist trade policies in developed and in developing countries is examined and contrasted. In the developing countries distrust of markets and a belief in the infant industry argument led to highly protectionist trade regimes. The...
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