Trade Liberalization

What role does trade liberalization (i.e., reducing barriers to trade) play in fostering economic growth and development? In your response, address the following points succinctly:

  1. What effect do lower trade barriers have on the price of domestic goods?
  2. What effect do lower trade barriers have on domestic producers of products that compete with imports?
  3. What additional economic development benefits might trade liberalization bring to a developing country (e.g., knowledge)?
  4. If you can, suggest mechanisms that could make the liberalization process more beneficial to economic development.

Your paper should be 4-6 pages long and well written. Support your answers using 4-6 peer-reviewed articles/professional sources in addition to the textbook. Note that written assignments must have a title page, section headers, introduction, conclusion, and references page. Use of the CSU-Global Guide to Writing & APA is required in all your written papers.

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