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by crdoconnor
3906 days ago
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People tend to overlook that it largely caused, among other things, the Irish potato famine: http://www.e-ir.info/2011/06/23/britain-free-trade-and-the-i... As in the 1800s, it's a good deal for rich countries and a bad deal for developing countries since their infant industries can't compete and so never get off the ground. China was wise not to follow this path. As was Japan, Taiwan, South Korea, Singapore and Hong Kong. |
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