That might be true in practice but also 1) completely incompatible with global notions of fairness and justice, and 2) not an especially compelling political argument for getting countries to open up their markets.
(2) There’s very few sustainable global competitive advantages. Sometimes you might have a better natural resource by virtue of geography and getting in first to “own“ it. But for most businesses, reducing trade barriers really just introduces more competition.
Comments
That might be true in practice but also 1) completely incompatible with global notions of fairness and justice, and 2) not an especially compelling political argument for getting countries to open up their markets.
(1) Agreed.
(2) There’s very few sustainable global competitive advantages. Sometimes you might have a better natural resource by virtue of geography and getting in first to “own“ it. But for most businesses, reducing trade barriers really just introduces more competition.