Liberal Trade Policy
(redirected from Liberal Trade Policies)

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Liberal Trade Policy

The policy in which a country reduces its tariffs and other trade barriers, often in conjunction with other countries. Liberal trade policies are intended to encourage international trade, which fuels economic growth. However, some economists and others believe liberal trade policies can be harmful because they are detrimental to domestic industries unable to compete with their foreign counterparts.

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Liberal Trade Policy (redirected from Liberal Trade Policies)

Liberal Trade Policy
(redirected from Liberal Trade Policies)