Comparative Advantage: Rules, Regulations and Restrictions - Deepstash

Comparative Advantage: Rules, Regulations and Restrictions

Governments around the world impose rules, regulations and restrictions like:

  1. Tariffs
  2. Selective trade agreements.
  3. Lobbying and rent-seeking to protect a country's interests.
  4. Tax breaks and special deals
  5. Sanctions

These practices ensure that comparative advantage does not benefit all like it should, and stifles equality and growth of small players.

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"You have to go broke three times to learn how to make a living." ~ Casey Stengel

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