“In many societies the domestic social costs of adjustment to changing patterns of comparative advantage are believed to outweigh the advantages of further trade liberalization.” SocialCostAdvantageTradePatternsAdjustmentComparative Advantage Book:The Political Economy of International Relations Source: The Political Economy of International Relations
“Through exploitation of its influence over global financial affairs, the United States has been able to cover the costs of its hegemonic position, preserve a false domestic prosperity, and mask the consequences of its relative political and economic decline.” Has BeensStatesAblePoliticalUnitedUnited StatesInfluenceEconomicPositionCostConsequenceAffairFinancialProsperityPreservesMaskRelativeDeclineExploitation Book:The Political Economy of International Relations Source: The Political Economy of International Relations
