Thursday, July 31, 2008

Unit 2: Free trade v Proectionism

A good clip from the BBC highlighting protectionism in action

a) What forms of protectionism are used in the cotton industry?
b) Who loses from this protectionism and in what way do they lose?
c) Who would gain if there was free trade in cotton?
d) Given these advantages of greater globalisation, why do the protectionist measures remain?

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