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In the context of trade, “free” means without tariffs, quotas or other restrictions impeding it between international states. Comparative advantage is having the ability to produce something at a lower price. Alan Blinder writes how it benefits consumers and producers, and how protectionism at best swaps jobs in industries while...
The Trans-Pacific Partnership (TPP) is a digital-copyrights, environment, human-rights, labor and trade agreement among the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The TPP countries represent a third of our top 15 export markets. For example, Singapore consumes nearly as much...