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International Trade Parable To better understand economists' view of trade, let's consider this parable. Suppose that the country of Isoland ignores...
International trade has always been an emotional issue. As the text states, there are winners and losers. In the news, we seem to hear about the losers. We all want to “buy American” to create more jobs here in the U.S. But, it is true that international trade has greatly contributed to economic growth (think of all our export industries). Take a look at the three attached documents. They are very short pieces. Post your opinion(s) on trade restrictions (click on the International trade header). If this class is like others, there will be opinions on both sides. As with many economic issues there are good arguments on both sides of the trade issue.
- Attachment 1
- Attachment 2
- Attachment 3