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Readers question: Who are the winners and losers from free trade?
Free trade means that firms can export and import goods without tariff barriers. Free trade leads to lower prices and increased exports and imports.
Economists are generally agreed that free trade leads to a net gain in economic welfare; as a result, economists generally support free trade. However, these gains may not be equally distributed. Also, though there is a net gain in economic welfare – there can be
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About | Economics Help |
This blog is written by Tejvan Pettinger. (born 1976)
He lives in Oxford where he works as an Economics teacher (A Level students) at Greenes College and formerly with Cherwell College, Oxford. Tejvan Pettinger studied PPE at Lady Margaret Hall, Oxford University, gaining a 2:1.
He contributes articles to the Economic Review and writes regularly on economics.
Between 2001 and 2006 he worked as examiner and Team Leader for Edexcel examinations.