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Category:	People
Word Count:	299
Featured Papers from Direct Essays 1. Effects on Trends in Trade Policy from 18501914 2. NAFTA effects on Mexico 3. Globalization Threat to the Environment 4. Globalization Threat to the Environment 5. Trade Protectionism

	Effects of trade liberalization
	How do trade liberalization's benefits compare with its costs? On the one hand, the benefits accrue because of lower input costs for producers owing to the reduced tariffs, a wider variety of goods available to consumers at lower prices, and enhanced export prospects as employment and output increase in the exportable goods and services sectors. On the other hand, tariff cuts could lead to a reduction in output and employment in certain sectors that face greater competition from lower-cost fore

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Effects of trade liberalization