The article attached below is perfectly timed for the 585 stimulus (extract
4). It examines the complexity of European trade relations especially when dealing with developing countries. The article correctly preaches reciprocity is desirable when adopting openness but not when it includes raising barriers. The other interesting point is that whilst open trade would greatly benefit Europe with price stability and competitiveness it would only further expose the southern nations desperately sinking in debt.
http://www.economist.com/node/18586846?story_id=18586846
4). It examines the complexity of European trade relations especially when dealing with developing countries. The article correctly preaches reciprocity is desirable when adopting openness but not when it includes raising barriers. The other interesting point is that whilst open trade would greatly benefit Europe with price stability and competitiveness it would only further expose the southern nations desperately sinking in debt.http://www.economist.com/node/18586846?story_id=18586846
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