pol - When the idea of anti-protectionism comes to mind the...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Danny Schaeflein Politics-simulation 8 November 11 th , 2007 Free trade benefits both trading nations. If nation "A" produces what it is good and nation "B" produces what it is good at then both sides are better off. Free trade allows a nations economy to grow on its own and in the global economy as well. It also allows the lower and middle classes to grow in wealth. Free trade can pull economies out of poverty, and keep economies not in poverty on top. As for comparative advantage, it is only beneficial for one country that is involved. If one country can produce goods at a lower price than another country, and if that other country can produce some goods at a lower cost than we can, then it would definitely be in our best interest for us to trade our goods for their goods. Anti-protectionism is not beneficial for both sides. Without any kinds of tariffs on imported goods, how can any country make money off of the products that they are making and trading to foreign countries?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

Page1 / 2

pol - When the idea of anti-protectionism comes to mind the...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online