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Argument: The benefits of trade are worth the risks

Issue Report: Free trade

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  • Martin Wolf, Why Globalization Works?. Yale University Press. 2004. ISBN 0-300-10777-3. pp 4. – “None of these [foreign investment] difficulties, real though they are, is sufficient reason for giving up on the aim of greater net capital flows to poorer countries. These should be treated as constraints to be lifted, not ones to be accepted. For if they are treated as binding and reinforced with capital controls, the world’s poorest people will find it still more difficult to escape their plight.”

Counter-argument(s)

See also