An improvement in the productive capability of a trading partner that allows it to compete effectively with a home country industry, instead of benefitting the public as a whole, may come at the expense of the home country overall.
Charles E. Schumer: “An improvement in the productive capability of a trading partner that allows it to compete effectively with a home…”
On the recordFebruary 12, 2004
Editor's note · Context
Senator Schumer highlights the negative impacts of trade on home country welfare.
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