The Gospel of Free Trade

"This ?conventional economic wisdom? consigns many developing countries to 'specialize? in agricultural goods. Once that happens, they get locked into the export of goods that face deteriorating terms of trade (with respect to the manufactured goods they are then forced to import.) At the same time, agricultural subsidies in developing countries undermine their ability to compete. This is an unfortunate inversion of the gospel that Free Trade adherents fail to explain or even acknowledge." Neo-con economics explained.