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Why Do Governments Have Strong Incentives Not to Liberalize Trade

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Essay

Why do governments have strong incentives not to liberalize trade even when it can be demonstrated that they are worse off than they could be when they won't?


Definitions:

Net Profit Margin

Net profit margin is a financial ratio that shows what percentage of a company's revenues remain as net income after all expenses are deducted.

Earnings Per Share

A financial ratio that measures the portion of a company’s profit allocated to each outstanding share of common stock, indicating company profitability.

Time Management

Making effective use of available time.

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to achieve the desired goals.

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