W4 Group 4 Homework 9: Trade and FDI
April 11th, 2011
Article 1: Putting the Free in Free Trade
Arguments against free trade:
Mark Thomas: Free Trade does not result in redistribution of income and pareto improvements.
William Polly: Protectionism helps keep jobs for those who otherwise have to settle for a less desirable job.
Arguments for free trade:
Tim Worstall: Since optimal redistribution is absent with or without free trade, go with the more efficient solution, free trade.
Author: Protectionism interferes with human rights.
Government should provide a social safety net for those affected negatively by changing trade patterns instead of implementing protectionist policies.
Umm, \”Eeek!\”, I think.
It\’s one thing to rant away to the world on my blog, rather another to find out that you\’re actually being used as a study aid…..