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Due to less import/export: less dependance on trade

Due to less labour flow:more employment for locals

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Due to less labour flow in: more jobs available for locals
Jiayi

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Benefits of protectionism /anti -globalisation(to government)  

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Benefits of protectionism /anti -globalisation(to government)  

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It allows a country to be less vulnerable to external shocks as it allow

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Due to labour flow :
labour outflow -> reduce supply of labour in source country > consumers benefits from higher wages

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Labour outflow -> local wages to increase ->
higher pp for workers -> increase material SOL

Wen Jun

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benefits of globalisation : labour flow

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Due to free trade:
1)More variety of goods and cheaper
goods.Increase in material
standard of living due to ability
to enjoy more good and services .

Due to increased capital flow:
Due to increased in capital flow,it results in citizens having more options to invest/save in overseas banks to have the greatest returns on investments or savings.
Due to increase labor flow:
Allow the increase in number  job opportunities for the consumers thus resulting increase in their disposable income which allow them to enjoy
goods and services which increases their material standard of living

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increase imports
leads to higher material SOL due to greater amount of goods and services for consumption

Beishi

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Decrease trade with other countries > Decrease competition between foreign firms and local firms > jobs will still be available > consumer purchasing power will not decrease > increase consumption of domestic goods and services > increase AD > increase NY > prevent cyclical unemployment

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Benefits of protectionism/anti globalisation 

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Benefits of protectionism/anti globalisation 

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Due to less import : increase net export —>increase ad —> increase ny —> actual economic growth

Due to less capital flow : increase investments —> increase ad —> increase ny —> actual economic growth

Due to less labour flow : decreases supply of labour —> Increase price of labour —> Increase COP for firm —> decrease profitability —> decrease investments —> decrease ad —> decrease ny via multiplier

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Due to Free Trade :
• Price of imports would decrease -> imports would increases

cheaper cost of production as imported goods are cheaper

Due to Increased Capital Flow :
• Increase in FDI inflow -> knowledge and technological transfer to take place -> increasing productivity & profitability

Due to Increased Labour Flow :
• Increase in labour inflow -> COP decreases due to cheaper wages
• increase in labour inflow -> more skilled workers -> productivity would increase -> presence of skilled workers can attract FDI

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restrict trade-->decrease trade-->increase Pm, increase Px since NX =(X-M) --> Net export will fall

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Higher prices of imports ➡ lower demand for imports ➡ Lower imports ➡ higher dd for local goods and services ➡ higher income for producers

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missing benefits of globalisation
> economic growth
> economies of scale
NAQ. QN asked for benefits, NOT problem of protectionism

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Reduced competition from firms > decline in pdvy (no improvement in tech) > no growth in LRAS > fall in structural unn - izwan

Inaccurate point. Reduced competition is a problem of protectionism.

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Benefits of globalisation

•due to free trade : increase in exports & imports —> increase in nx —> increase in ad —> increase in ny —> increase in actual economic growth

Due to increase capital flow : increase in investments (FDI) —>increase in ad —> increase in ny—> increase in actual economic growth

Due to increase labour flow :increase in supply of labour —> decrease price of labour —> decrease COP —> increase profitability—> increase I —> Increase ad —>

U should link to increasing SRAS!

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Benefits of protectionism
Increased employment of locals->

Decrease in imported inflation->decrease in cost push inflation?->

Incomplete analysis n this impact doesn't fall under govt!

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benefits of protectionism on capital flow - diana

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benefits of protectionism on capital flow - diana

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currency control on capital flow -> foreign currencies help by individual to be surrendered to the government -> goods can be imported only under license -> gov can decide the vol of imports and the priorities for imports

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Increase labour flow (skilled workers) > Stimulates greater innovation & increase productivity > Increase productive capacity > Increase LRAS

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Reduced vulnerability to industrial shock

Countries do not over rely on foreign countries exporting goods that are necessities(water, food) and thus, may suddenly choose not to supply due to changes in their own country.

Also, prevents country from specialising too much into a single industry and leaves them vulnerable should there be changes in that industry that affect it negatively.

-Stephen