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Comparative Advantage of free trade

According to the advocates of free trade and World Trade Organization, each and every country potentially advantages from trade liberalization and the lowering of tariffs since each and every country: (1) Has a comparative benefit in something. (2) Gains by selling its exports for higher prices than it pays for the imports. (3) Will gain from multi-national corporations. (4) Is either labor or the capital-intensive. (5) Wants to enhance its standard of living.

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