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(Solved) Free Market or Protectionism: A Review of Issues


Government intervention is visible in all economies. A pure free market does not exist. I will refer in this paper to the subsidies which the industrialized countries give to their producers and the effects and discriminations on the less developed countries, since it is very known that developing countries depend on agricultural products. In addition, the high government intervention in developing countries is visible. The actual problems in the poor countries are corruption and emigration, which could be therefore either an effect or a consequence. I will develop this essay with the use and guidance of the book “Public Choice III” by Dennis Mueller. I will focus more on one country, Ecuador, as a developing country, and the Europe Union as a strong developed group where industrialized countries are located. Other issues are involved in the economy that it will be mentioned as well. Opening the market and a minimal intervention of the government will help to create a better environment for the economy.write an essay on Free Market or Protectionism: A Review of Issues

 


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