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Unformatted text preview: questions concerns how liberalization affects the innovations and invest-ment incentives of domestic Frms We also need to look at how to take into account heterogeneity across and within industries – affects who gains and loses from liberalization Arguments for Liberalization Gains from trade – comparative advantage Competition leading to innovative investments and improvements in pro-ductivity Long run improvements in living standards Technology transfer Arguments Against Liberalization Large scale exit of domestic Frms Large scale unemployment Increased poverty Erosion of investment and innovation incentives for domestic Frms Development Economics, LSE Summer School 2007 153...
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This note was uploaded on 12/29/2011 for the course ECO 307 taught by Professor Dublin during the Spring '10 term at SUNY Stony Brook.
- Spring '10