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Significant gains from trade

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Reference no: EM132228634

We have learned that there are significant gains from trade and that free trade improves the wealth of all nations. However, while international trade can make a country as a whole better off, it can also make some agents worse off.

Please elaborate on this point and provide some examples of agents (firms, individuals or categories of individuals) who have been or could be negatively impacted by free trade. Would you continue to endorse and encourage free trade? What would you do to help these agents offset the negative impact of free trade?

Reference no: EM132228634

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