Freer Trade Stimulates Economic Growth, but There Are Many Outstanding Issues
November 3, 2015
Economists have found that the rate of economic growth is three to six times higher in economies with lower barriers to international trade compared to closed economies. Since World War II, developed and undeveloped countries have entered into many trade agreements designed to lower tariffs and other barriers to trade. Despite the recent approval of Trade Promotion Authority, there are still many outstanding trade issues faced by the United States and its trading partners.
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