IntroductionWelcome to an open economy. For the first time in our course we can truly look beyond our borders.
Why do countries trade? Is it always beneficial? How do countries 'protect' against trade? How important in the World Trade Organisation (WTO)? Key concepts free trade protectionism comparative advantage Studyguide available via google classroom |
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Debate TimeThis house believes in
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An Intelligence Squared quick debate: protectionismRecorded in November 2010. The temptations of protectionism are strong right now - both to the US with its dreadful trade balance, and China with its undervalued currency. Is it no the time to re-visit the economic dogma that free trade is unambiguously good.
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