Free Trade: Fact or Fiction?: Part 3 – My Six-Year-Old Son Should Get a Job
·1532 words·8 mins
This post examines the theoretical and empirical foundations of free trade as a development strategy, focusing on the gap between the theory's assumptions and the observable conditions of developing country economies. It draws on case studies from Mexico, Ivory Coast, Zimbabwe, and Korea to assess whether rapid trade liberalization produces the outcomes its advocates predict. The argument about capability versus incentive is the analytical core.