Bringing transparency to state-business interactions for trade policy

Despite the economics profession’s attachment to the policy of free trade, trade protection is still common, with increasing controversy around trade policy outcomes steering towards trade wars. It is however important, to take a step back and recognize that trade policy decision-making is governed by complex sets of interactions between businesses/industry and the government as the agency of the state. Such interactions have the ability to ascertain whether trade policy is economically appropriate and feasible for the domestic economy, in addition to being politically acceptable. But do we know enough about these state-business interactions shaping trade policy outcomes-especially in less developed countries? Read more here:
https://www.ids.ac.uk/opinions/bringing-transparency-to-state-business-interactions-for-trade-policy/

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