who gain from protection with another lobby that may be equally powerful: the set of firms that benefit from greater access to foreign markets. Similarly, through reciprocally reducing trade barriers, the prisoners' dilemma that confronts large countries can be overcome, again improving world welfare. Moreover, by encompassing many products, a MTN can generate some automatic compensation for those who lose protection for their sector by lowering the average price of consumption and investment goods by providing access to cheaper imports.
