Concept information
Preferred term
trade war
Definition
- Most economists and international policy makers argue that free trade and open international markets are the keys to global economic growth and well-being. The mutual reduction of protection expands the division of labor and the volume of trade, which increases national income. [Source: Encyclopedia of Business in Today's World; Trade War]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/trade_war
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