Abstract
As a result of significant structural changes in the competitive environment of the global marketplace, major industries have requested and received increased trade protection in the form of voluntary export restraints, countervailing duties, and antidumping lawsuits. Such protectionist tendencies have partly arisen because of the perception that liberalized trade leads to domestic unemployment. This paper presents the theoretical and practical aspects surrounding free trade. Despite some theoretical exceptions to arguments for free trade, the evidence suggests that free trade has worked best in practice.
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Ogbuehi, A.O. (2015). Free Trade in a Changing Global Marketplace: A Theoretical and Practical Assessment. In: Gomes, R. (eds) Proceedings of the 1995 Academy of Marketing Science (AMS) Annual Conference. Developments in Marketing Science: Proceedings of the Academy of Marketing Science. Springer, Cham. https://doi.org/10.1007/978-3-319-13147-4_41
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DOI: https://doi.org/10.1007/978-3-319-13147-4_41
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