A Case for Trade Liberalization in Developing Countries

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By freeing up the labor and capital within the second country from importing the good, it can now all be used to produce more of the second good to export to the first country (see Figure 1). This creates specialization, and a surplus of capital and labor that can now be used for economic growth...
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This creates specialization, and a surplus of capital and labor that can now be used for economic growth. Since each country now has two options of getting the goods they need, which are producing domestically or trading internationally, they will choose the option that is most beneficial to them according to the opportunity cost...
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