Costs and benefits of trade liberalization

Arsalan Hasan

MPRA Paper from University Library of Munich, Germany

Abstract: Conventional economic theory advocates trade liberalization, and ultimately free trade because its benefits are said to outweigh its costs. This paper states the arguments for and against the liberalization of trade and then analyzes the case of Pakistan's trade liberalization. Some recommendations are also put forward for trade liberalization to be successful in developing economies.

Keywords: trade liberalization; free trade; costs and benfits; pakistan trade (search for similar items in EconPapers)
JEL-codes: F0 F1 F13 (search for similar items in EconPapers)
Date: 2010-09-27
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