Obstacles to international economic policy coordination
Problem: "What are some obstacles to successful international economic policy coordination?"
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Trade liberalization makes poor countries worse off because it displaces domestic production. It would be better to protect the fledgling domestic manufacturers from import competition in order to promote industrial development.
The government has three agencies that forecast the impact of legislation and information so the administration and Congress can make policy. According to the websites of Congressional Budget Office (CBO), the Office of Management and Budget (OMB)
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