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Limits to Liberalization

"The so-called culture industries - film, television and radio broadcasting, periodical and book publishing, video and sound recording - are noteworthy exceptions to the rhetorical commitment of Western countries to free trade as a major goal. These exceptions threatened to derail such high-profile negotiations as NAFTA and its predecessor, the Canada-US Free Trade Agreement, as well as the Uruguay Round of the GATT." "Conventional wisdom did not foresee trouble from this source, because these established industries are not commercial national champions, nor are they particularly large...

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