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Many argue its shortcomings and benefits for all parties involved, but none can argue the theoretical and empirical evidence arguing for free trade between specializing nations. Although no model perfectly represents what truly happens in the real world, it can begin to show the direction in which a nation needs to follow to benefit from free trade. Developed countries are practically guaranteed to benefit from free trade, but it is also true the developing countries benefit. With financial help in the form of investment and the formation of regulations and policies, developing countries can benefit just as much from trade as already developed countries...
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