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Unformatted text preview: When the idea of anti-protectionism comes to mind, the idea of mercantilism comes up. Some products that countries have are national security (i.e. oil). The need for that tariff on it would keep countries from going in and taking over any oil fields and calling them their own. Global free trade is not beneficial to both countries that are involved. Global free trade can lead to economic loss. Not all producers and consumers benefit equally from free trade. If two countries have the same product and are willing to trade at two different costs, and there is only one buyer. Then obviously the country that is looking to trade will trade with the country with the lower cost, thus keeping the other country from trading. The simulation reflects the theories of economic realism, economic liberalism, and dependency theory by...
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- Spring '08
- Comparative Politics