While economists can agree that
trade liberalization benefits economies at the macro level, at the micro level there are always those who see welfare gains, and those whose immediate welfare is reduced as a result of the (necessary) changes in the economy brought about by greater overall efficiencies.
Will
trade liberalization benefit those countries that have large trade deficits in services?
Not exact matches
The National Association of Manufacturers, for example, raves about the economic
benefits of
trade liberalization on its website.
Within Canada the term has come to represent a desire to make
trade liberalization more inclusive — to convince Canadians that the results will be of overall
benefit to Canada.
Economic
liberalization has brought
benefits for both the nations that liberalized, and those that
trade with them.