The Ipod used by an American has 451 parts that are made in dozens of nations, and creating the little doodads employs thousands of foreigners. And its final assembly is done in China-a country that right-wingers and left-wingers alike fear to be an economic threat to the U.S. Therefore, opponents of free trade argue that […]
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Some people ask Why free trade? What does trade do? Comparative advantage is the foundation of the division of labor and exchange, but it’s rarely understood. “The Great Prosperity Machine” explodes the absurdities of protectionist dogmas by showing what trade accomplishes — prosperity and peace. Join Dr. Tom Palmer to learn about how free trade […]
Free trade is a powerful instrument in advancing a lot of economic and social objectives such as poverty reduction. Prof. Bhagwati explains that trade increases economic growth, and a growing economy pulls people out of poverty by providing more employment and generating revenue. Learn more about connections between free trade and poverty reduction from Prof. […]
Advocating for free trade requires people to have a clear understanding for the essentials of international trade. As Simon Lester wrote in Advocates Need to Make the Important Case for Free Trade,?There is no doubt that exports are good for domestic producers, but imports are just as beneficial, if not more so, to domestic consumers. […]
Principles of Economics?continues to be one of the most popular economics textbooks. Professor Mankiw emphasizes material you will likely find interesting about the economy (particularly if you are studying economics for the first time), including real-life scenarios, facts, and how economic concepts influence everyday decisions. You will find free lectures regarding the Principles of Economics […]
For decades, earnings from farming in many developing countries, including in sub-Saharan Africa, have been depressed by a pro-urban bias in own-country policies, as well as by governments of richer countries favouring their farmers with import barriers and subsidies. Both sets of policies reduced global economic welfare and agricultural trade, and almost certainly added to […]
Japan and the European Union began their third round of free trade negotiations in Brussels on Monday October 21st, aiming to engage in full-fledged discussions on tariffs and other trade barriers. ?To Read more Click Here.