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  2. Free trade - Wikipedia

    en.wikipedia.org/wiki/Free_trade

    The following alternatives to free trade have been proposed: protectionism, [79] imperialism, [80] balanced trade, [81] fair trade, [82] and industrial policy. [ 83 ] Under balanced trade, nations are required to provide a fairly even reciprocal trade pattern; they cannot run large trade deficits or trade surpluses.

  3. Neoliberalism - Wikipedia

    en.wikipedia.org/wiki/Neoliberalism

    Upon their return to Chile, their neoliberal policy proposals—which centered on widespread deregulation, privatization, reductions to government spending to counter high inflation, and other free-market policies [97] —would remain largely on the fringes of Chilean economic and political thought for a number of years, as the presidency of ...

  4. Free-trade zone - Wikipedia

    en.wikipedia.org/wiki/Free-trade_zone

    Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services.

  5. Free market - Wikipedia

    en.wikipedia.org/wiki/Free_market

    Scholars contrast the concept of a free market with the concept of a coordinated market in fields of study such as political economy, new institutional economics, economic sociology, and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to the simple forces ...

  6. Free trade area - Wikipedia

    en.wikipedia.org/wiki/Free_trade_area

    A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other.

  7. Strategic trade theory - Wikipedia

    en.wikipedia.org/wiki/Strategic_trade_theory

    Free trade is a trade policy that allows traders to act and transact without interference from government. Under a free trade policy, prices are a reflection of true ...

  8. Economic nationalism - Wikipedia

    en.wikipedia.org/wiki/Economic_nationalism

    Economic nationalists oppose globalization and some question the benefits of unrestricted free trade. They favor protectionism and advocate for self-sufficiency. [4] To economic nationalists, markets are to be subordinate to the state, and should serve the interests of the state (such as providing national security and accumulating military power).

  9. Protectionism - Wikipedia

    en.wikipedia.org/wiki/Protectionism

    Political poster by the British Liberal Party presenting their view of the differences between an economy based on free trade versus one based on protectionism. The free trade shop is shown as full of customers due to its low prices. The shop based on protectionism shows higher prices, a lesser selection of goods, and a lack of customers.