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.