Free Trade or Protectionism: Issue of Strategic Choice

... itself, in the desired benefits or improved welfare. Participation in international organizations, and, importantly, in the WTO, and balancing between open markets and their protection and promotion of domestic producers, requires substantial and sophisticated ... ... of some countries over different periods of time, which led him to argue that at the current stage of economic development, free trade policies are not efficient and work against the interests of less developed countries. 2 . Friedrich List. The National ...