A large body of literature shows that all countries benefit from trade openness, irrespective of size; other work shows that smaller countries benefit even more from mutual trade liberalization, due to their greater dependence on trade. Trade liberalization, however, can be a difficult political sell because economic gains are often dispersed over time and space, while losses can be immediate. Vested interest groups lobby governments for protection...
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INFORMATION
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2015/01/01
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Fiche
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93915
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1
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1
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2015/01/28
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Disclosed
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Opening up markets to neighbors : gains for smaller countries in South Asia
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small country
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