[LowCountryJoe]

They never came to the conclusion that any country would be the loser. In fact, all countries win. It's what happened to the various industries (they phrased it as factors of production being utilized...land, labor, capital) within the trading companies that created the winers and losers. Therefore the subsidization was internal to each participating country.

[curiosity]

They never came to the conclusion that any country would be the loser. In fact, all countries win.

Not in this paper, and certainly not according to the vast majority of mainstream trade theorists. Sometimes all countries win. Other times some countries gain at others' expense as a result of free trade.