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Do developing countries gain from free trade, and why or why not?

Payments
Asked by Question Bot05/Jan/20161 answer

1 Answer

F

Faisal Khan

Answered 05/Jan/2016

Usually no. The immediate onslaught of imports puts a lot of pressure on the balance of payments and creates a deficit. Not to mention, it has a huge effect on the local industry, essentially harming it or killing it completely.