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[answered] According to Chang (2003), center (advanced) countries impl


According to Chang (2003), center (advanced) countries implied both industrial and trade policies effectively at the early stage of their development and after their progress, they forced periphery (emerging) countries to impose free trade rules. In this paper Chang stresses the importance of hegemonic relations between periphery and center economies. Explain that? whether theories we learned during the course might change? with inclusion of? hegemonic relationship between those countries stressed by Chang.


Free trade economists find all this quite mysterious when countries do badly when they are using

 

such theoretically well-proven policy as free trade. Theories have numerous limitations.

 

Modern free...

 


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