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"The contemporary orthodox view of world trade has centred, generally unchallenged, on the ideas of free trade, based … and underdeveloped regions of the world: a global trading regime that is capable of increasing GDP in a sustainable manner …
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Trade liberalization is arguably a major issue in the conduct of commercial policy. As a component of it, the relationship between universal, multilateral trade liberalization and the conclusion of preferential trade agreements - that is, a process of liberalization which discriminates between...
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