17C1 - Globalisation or Protectionism? by pohlilin https://padlet.com/pohlilin/12vsvtod7l6j What are the respective benefits of globalisation and protectionism? en-us 2018-07-06 01:58:27 UTC 2018-07-08 07:13:35 UTC hello@padlet.com Benefits of Globalisation https://padlet.com/pohlilin/12vsvtod7l6j/wish/269527190

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

]]> 2018-07-06 02:55:53 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269527190 Benefits of protectionism on consumers https://padlet.com/pohlilin/12vsvtod7l6j/wish/269527191 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 



]]> 2018-07-06 02:55:54 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269527191 Benefits of protectionism/anti globalisation https://padlet.com/pohlilin/12vsvtod7l6j/wish/269527219 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]]> 2018-07-06 02:56:15 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269527219 Benefits of Globalisation https://padlet.com/pohlilin/12vsvtod7l6j/wish/269527251 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 
]]> 2018-07-06 02:56:35 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269527251 Benefits of Protectionism/ Anti-Globalisation https://padlet.com/pohlilin/12vsvtod7l6j/wish/269527980 Due to less import/export: less dependance on trade

Due to less labour flow:more employment for locals]]> 2018-07-06 03:05:36 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269527980 https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528271 2018-07-06 03:10:02 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528271 Nadhirah https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528755 Due to labour flow : 
labour outflow -> reduce supply of labour in source country > consumers benefits from higher wages ]]> 2018-07-06 03:15:16 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528755 benefits of protectionism on capital flow - diana https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528798 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 ]]> 2018-07-06 03:16:03 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528798 https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528813 Due to less labour flow in: more jobs available for locals
Jiayi]]> 2018-07-06 03:16:14 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528813 Benefits of Globalisation - Grace Mak https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528880 Increase labour flow (skilled workers) > Stimulates greater innovation & increase productivity > Increase productive capacity > Increase LRAS ]]> 2018-07-06 03:17:12 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528880 Benefits of protectionism https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528914 Higher prices of imports ➡ lower demand for imports ➡ Lower imports ➡ higher dd for local goods and services ➡ higher income for producers ]]> 2018-07-06 03:17:37 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528914 melissa https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528943 missing benefits of globalisation
> economic growth
> economies of scale
NAQ. QN asked for benefits, NOT problem of protectionism

]]> 2018-07-06 03:17:47 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528943 milo https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528958 benefits of globalisation : labour flow

]]> 2018-07-06 03:17:55 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528958 https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528989 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. ]]> 2018-07-06 03:18:08 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269528989 Gina https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529043 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!

]]> 2018-07-06 03:18:41 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529043 Breana https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529058 restrict trade-->decrease trade-->increase Pm, increase Px since NX =(X-M) --> Net export will fall]]> 2018-07-06 03:18:52 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529058 Benefits of protectionism /anti -globalisation(to government) https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529079 It allows a country to be less vulnerable to external shocks as it allow]]> 2018-07-06 03:19:09 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529079 Shao Hong https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529108 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!


]]> 2018-07-06 03:19:29 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529108 benefit ofglobalisation https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529150 increase imports
leads to higher material SOL due to greater amount of goods and services for consumption

Beishi]]> 2018-07-06 03:19:51 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529150 Reduced vulnerability https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529206 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]]> 2018-07-06 03:20:20 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529206 Benefts of Protectionsim kcc8310 https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529408 Labour outflow -> local wages to increase -> 
higher pp for workers -> increase material SOL

Wen Jun]]> 2018-07-06 03:22:20 UTC https://padlet.com/pohlilin/12vsvtod7l6j/wish/269529408