What are the effects of trade agreements on domestic politics? 🔊
Trade agreements significantly affect domestic politics by shaping economic policies and influencing political alignments. Such agreements can open markets, boost exports, and create jobs, leading to support from trade-dependent sectors. Conversely, they may provoke criticism from groups fearing job losses or wage stagnation due to competition. The resulting economic shifts can impact electoral outcomes by polarizing voters along pro-trade and anti-trade lines. Politicians often leverage trade agreement benefits to gain support, making trade a critical issue in political campaigns and legislative debates.
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