Solution-How would you expect this to affect the welfare of

How would you expect this to affect the welfare of china

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From an economic point of view, India and China are somewhat similar: Both are huge, low-wage countries, probably with similar patterns of comparative advantage, which until recently were relatively closed to international trade. China was the ?rst to open up. Now that India is also opening up to world trade, how would you expect this to affect the welfare of China? Of the United States? (Hint: Think of adding a new economy identical to that of China to the world economy.)

Reference no: EM13868613

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How would you expect this to affect the welfare of china

Reference no: EM13868613

Reference no: EM13868613

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