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This definition implies many things such as the existence of a bottom line for countries and the impossibility of there being two winners in the equation.
Paul Krugman starts the debate by presenting his disapproval of this commonly accepted vision. For him, countries unlike corporations don’t have a bottom line in the sense that they don’t try to maximise their citizen’s wealth in order not to cease existing because there is nothing the least resembling to bankruptcy as an option for countries. He also denies that trade is a zero-sum argument. All countries have the possibility of being winners in the world market place through the dynamics of comparative advantage...
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