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Essay text:
Free trade encourages competition and benefits the world economy. Countries with multiple products are stronger than those that are just single product countries.
o Investor business daily reported, "A Harvard study which examined data from developing nations over the period 1970 to 1990 found that those with open trade policies registered economic growth at an average rate of 4.5 percent annually -- compared to only 1 percent among those with closed borders."
? National Security and Fairness
o National security products should be protected by trade rules and regulations. Even when countries violate fair trade we should still try to dismantle trade barriers since they are not good for the economy...
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Common topics in this essay:
- CAN TRADE POLICY HELP MOBILIZE FINANCIAL RESOURCES
- Competition leads to a more efficient use of resources
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