Akerman, Anders; Seim, Anna Larsson; Naghavi, Alireza - 2011
favours openness to trade at an early stage of development, while an autocrat complying with the preferences of capitalists … chooses to shelter the economy from trade. The trade regime interacts with economic institutions, and with policies on capital … economy attractive to foreign investors. Allowing for trade and foreign capital inflows are thus complementary policies that …