"Ironically, the influence of unions and other regulations would make firms in these countries choose the profit-maximizing course of action." - not ironic, only contrary to dogma. Any smart union does this, and so do good regulators. Neither has the compulsive interest in short-term profits too often seen in employers.
The America Shock
"Ironically, the influence of unions and other regulations would make firms in these countries choose the profit-maximizing course of action." - not ironic, only contrary to dogma. Any smart union does this, and so do good regulators. Neither has the compulsive interest in short-term profits too often seen in employers.
Isn’t big factor just making mfn permanent. https://slate.com/business/2016/09/when-china-joined-the-wto-it-kick-started-the-chinese-economy-and-roused-a-giant.html