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Income-gap with developed countries

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Reference no: EM132422483

Problem: How to analyze that all of today's developed countries have become rich through free-market policies, especially through free trade with the rest of the world, like almost two centuries ago, all countries better off on trade are based on the principle of comparative advantages.

Moreover, should developing countries fully embrace free-trade policies in order to close the income-gap with developed countries.

What ideas does heterodox and orthodox demonstrate?

Reference no: EM132422483

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