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Free Trade Agreements: Handle with Care
Like many other structural policies, free trade agreements are a tool used by governments to achieve their objectives. Now tools can be used or misused, and in this case the tool is not being used to its fullest potential. Free Trade Agreements need to be handled with due care if they […]
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Free Trade: If it Works Here, It Will Work Anywhere
Most Americans have, for generations, never truly questioned the basic system that allows goods and services to flow across state borders, unencumbered by tariffs, taxes, or other measures that would protect local industries from rivals in other states. And yet, many criticize international free trade agreements for their supposed pernicious results. Why the hypocrisy?
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The Implications of Economic Liberalization for Egypt
No state in today’s world can escape globalization. The socialist policies adopted by former Egyptian president Nasser in the 1960s might have been suitable for his time. However, the present international system requires the removal of all trade barriers between states. In Egypt, some intellectuals are criticizing Egypt for taking […]
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The long winding road to the EU-India free trade agreement
No economy can grow in isolation and in that respect trade plays a very important role. However, before getting into any trade agreement you need to do a proper cost-benefit analysis. The European Union has had its share of problems from mounting fiscal deficits to chronic depression, and India as […]
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The Pacific Pumas
As the world grapples with stimulating employment, growth and innovation, a new club of countries is emerging as an engine of regional growth. Through improved governance, liberalized trade and stable macroeconomics, the economies of Mexico, Colombia, Peru and Chile have rallied in recent years. Rather than following the lead of […]