International Trade: Free Trade vs. Protectionism
Classified in Economy
Written at on English with a size of 2.28 KB.
Introduction
Hello, my name is Tomas Mastronardi. Today I'm going to discuss international trade and two important ideologies: free trade and protectionism. We'll also explore trade wars, global trade tensions, and conclude with a summary of the key arguments.
Free Trade
Free trade promotes the unrestricted flow of goods and services across borders. Proponents argue that removing barriers to trade leads to economic growth, efficiency, and consumer benefits. Free trade agreements, such as the North American Free Trade Agreement (NAFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), aim to reduce trade barriers and promote market access.
Protectionism
Protectionism, conversely, seeks to shield domestic industries... Continue reading "International Trade: Free Trade vs. Protectionism" »