Trade liberalization Discuss the following argument: Trade liberalization makes poor countries worse off because it displaces domestic production It would be better to protect the fledgling domestic...

Trade liberalization

Discuss the following argument:

Trade liberalization makes poor countries worse off because

it displaces domestic production It would be better to protect the fledgling

domestic manufacturers from import competition in order to promote industrial

development

(Note: trade liberalization refers to the removal of tariffs

and other non-tariff barriers to trade)