Pravin Krishna on the Political Economy of Multilateral and Preferential Trade Agreements, Trade Liberalization, and the Future of Global Trade
Ideas of India
Navigating Preferential Trade Agreements
This chapter explores the complexities of preferential trade agreements and their unintended consequences on political economy. It examines how these agreements often foster protectionism through lobbying efforts, instead of promoting liberalization, and highlights the motivations behind business interests. Additionally, the discussion delves into the dynamic relationship between foreign lobbies and domestic industries regarding trade policy, emphasizing the impact of historical practices and geopolitical changes.
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