DP3845 | Trade Liberalization and Globalization: A Survey

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25/03/2003

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Abstract

This Paper presents a survey of the literature on trade liberalization and globalization. The questions are why trade liberalization occurred, why trade liberalization took the form of reciprocity combined with multilateralism, why the liberalization allows for protectionist policies, and why there is opposition to the globalization of markets that has occurred as the consequence of liberalization.