Fallacy of composition
Fallacy of composition: the dilemma, as explained for example in the 2002 Trade and Development Report that “on its own a small developing country can substantially expand its exports without flooding the market and seriously reducing the prices of the products concerned, but this may not be true for developing countries as a whole”. Proponents of this view often use the analogy of spectators in a football stadium. If the people in the front rows stand up to see better, those in the seats behind also have to stand up. The result is that hardly anybody is better off. The fallacy lies in assuming that if something works for one economy, it could or should work for lots of others also. See also prisoner’s dilemma.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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