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16.4: Introduction to Trade Policy and Agreements

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  • What you’ll learn to do: differentiate between alternative international trade regimes and how they impact global trade

    Map of the world.

    Every country must adopt a policy on international trade. Free trade is one option, as is autarky (no international trade), and everything in between. Political pressures to protect special interests collide with those promoting the benefits of free trade. The result is a country’s trade policy, which is often a compromise between competing politics.

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