Free Trade Fallacy
Rich countries didn't follow free trade rules when they were developing. They now insist: do as we s
PROSPECT |
January 1, 2003
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Michael Lind
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Global Middle Class Initiative
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Michael Lind
Related Programs:
Global Middle Class Initiative
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According to the Washington consensus which governed thinking about global economic development during the 1980s and 1990s, the only way for poor countries to catch up with the US, the EU and Japan was to adopt policies of free trade and free investment. This prescription, however, produced rather discouraging results.
Copyright 2003, PROSPECT
