“Kuala Lumpur easing tariffs to woo foreign car giants.” [The Straits Times, 16/7/2004] Explain and evaluate the likely consequences of the removal of trade barriers on the domestic economy. [25 marks]
Chapter: International Trade - Free Trade
The removal of trade barriers refers to the support for free trade. In this topic, examine the potential benefits to be reaped from the effects of free trade on the local economy.
07 August 2018