... Less obviously, even a country that is not the best in the world at making anything can benefit from free trade because it allows them to devote their resources to whatever it is that they are relatively good at and buy in everything else. Imagine a person deciding whether to spend an hour growing rice to feed their family or to spend ... regulation, as we saw from the Marxist perspective). The liberal model oversimplifies real world politics and presents an overly optimistic picture of the international economy. Indeed, international economic opening goes hand in hand with international...

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