tag:blogger.com,1999:blog-8487128531050281473.post8253776552792142210..comments2024-01-08T14:24:03.718+00:00Comments on Economics Essays: Does Globalisation benefit both developed and developing countries?Tejvan Pettingerhttp://www.blogger.com/profile/03405988099792035111noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8487128531050281473.post-32333924907257005392011-03-21T23:52:13.121+00:002011-03-21T23:52:13.121+00:00153 countries explicitly embrace "free trade&...153 countries explicitly embrace "free trade" as means to economic development for all under the WRTO (World Trade Organization).<br /><br />An interesting fact is that in practice, special circumstances allow countries do deviate from this principle. Once in a strategic setting (game theory) one country can raise trade barriers while others do not, it benefits. This model also explainsMBShttps://www.blogger.com/profile/13007274331666262526noreply@blogger.com