There's also the fact that many governments subsidize their large exporters, as a way of buying votes. If their exports decrease, unemployment increases, so their tax base and their own political support plummet, all while the liabilities on their social safety net skyrocket. They're in a bad negotiating position to start with.
There's also the fact that many governments subsidize their large exporters, as a way of buying votes. If their exports decrease, unemployment increases, so their tax base and their own political support plummet, all while the liabilities on their social safety net skyrocket. They're in a bad negotiating position to start with.