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The benefits of free trade and comparative advantage

July is an important month for England"s Premier League (EPL) football teams. As the league"s star players returned to pre-season training, the club"s administrators and marketing people have put into place preseason tours. As much as these tours are about preparing EPL squads, they are also very much about developing club brands in their most lucrative market: Asia.Premier League teams do not earn huge revenues from...

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