Tuesday, November 22, 2016

PROTECTIONISM VERSUS INTERNATIONAL TRADE DEALS


Over the last three or four years, the EU has been trying to ratify a trade deal with the US; Canada has also negotiated a trade deal with the US; then there is the Asia-Pacific partnership. All these ventures were spear headed by the democrats under the leadership of President Obama. However, president elect Donald Trump wants to do away with these deals during his first 100 days in office. Is he right to do so or not? Do your research and write an essay in which you discuss what exactly is meant by protectionism and free trade and then explain which policy is better and why.
Warning: This task will take longer to prepare for and to write; it will also be a longer essay so allow yourself plenty of time
Familiarize yourself with the issue:
·         What is free trade? Definition, pros and cons and examples http://study.com/academy/lesson/what-is-free-trade-definition-pros-cons-examples.html
·         Advantages and disadvantages of trade protectionism http://study.com/academy/lesson/avantages-and-disadvantages-of-trade-protectionism.html
·         Free trade agreement: types and examples https://www.thebalance.com/free-trade-agreement-types-and-examples-3305897
FREE TRADE DEALS
Reading material to make notes on:
·         Free trade agreements pros and cons https://www.thebalance.com/free-trade-agreement-pros-and-cons-3305845
·         Free trade agreements benefits http://smallbusiness.chron.com/trade-agreement-benefits-3832.html
·         Access the related articles via the links on the left of the screen, read and make notes: Related Articles [Free Trade] Negative Effects of Free Trade [Free Trade] The Benefits of Free Trade for Developing Countries [Free Trade] The Advantages of Free Trade in Developing Countries [Pros] Pros of Free Trade [Free Trade] Economic Benefits of Free Trade

TRADE PROTECTIONISM
Reading material to make notes on:
·         Protectionism http://www.investopedia.com/terms/p/protectionism.asp (Continue reading the related links)
·         Trade protectionism: definition, advantages and disadvantages https://www.thebalance.com/what-is-trade-protectionism-3305896
VIDEOS: Free trade versus protectionism
·         Why do countries restrict trade? https://www.youtube.com/watch?v=Y2X3KPilAt0
·         Types of trade restriction https://www.youtube.com/watch?v=_e2gQxN1OBg   
·         Milton Friedman Free Trade versus Protectionism https://www.youtube.com/watch?v=urSe86zpLI4
·         Milton Freedman debates a protectionist  https://www.youtube.com/watch?v=6qqG6OurHaM


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