Rise of protectionism and the free trade conundrum
India, Feb. 28 -- Despite a large number of eminent trade theorists backing free trade, many people across the globe, especially in developed countries, hold free trade detrimental to their interests, national and personal; they hold free trade beneficial to the extent it provides market access for their goods and services, but it becomes a villain when goods, services or investment enters domestic markets, challenges inefficiencies, infirmities and protected profit-making machineries....
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