https://padlet.com/pohlilin/59bro714d3fk What are the respective benefits or globalisation and protectionism? en-us 2018-07-05 05:26:15 UTC 2025-10-30 07:44:25 UTC hello@padlet.com https://padlet.com/pohlilin/59bro714d3fk/wish/269441483 •increase Nx
•wider consumer base
•tourist spender increase
•EOS
•foreign talent
•FDIs]]> 2018-07-05 05:29:46 UTC https://padlet.com/pohlilin/59bro714d3fk/wish/269441483 https://padlet.com/pohlilin/59bro714d3fk/wish/269441552 Globalization will lead to an increase in FDI. FDI will improve kfa which improves overall BOP which will be beneficial to the government as one of their macro goals. 
Globalisation will also increase the trading activities. An increase in NX will lead to an increase in AD and increase in economic growth which is a macro goal for the government. An increase in NM will lead to fall in COP and this will lead to an increase in LRAS and that will improve the production capacity]]> 2018-07-05 05:31:40 UTC https://padlet.com/pohlilin/59bro714d3fk/wish/269441552 https://padlet.com/pohlilin/59bro714d3fk/wish/269441565 1) With protectionism, structural unemployment will decrease (Alfahd will explain)
2) Protectionism(tariffs, embargoes and quotas) reduces NX. Hence, domestic production will increase, leading to more dd for labor -> reducing unemployment. As such, there will be more domestic income, increasing Cd, shifting AD(affecting SOL) , and raising NY via mutiplier effect. ]]> 2018-07-05 05:31:49 UTC https://padlet.com/pohlilin/59bro714d3fk/wish/269441565 https://padlet.com/pohlilin/59bro714d3fk/wish/269441578 1. Increase tax revenue and thus can increase government spending
2. External shocks have lesser effects on the economy ]]> 2018-07-05 05:32:19 UTC https://padlet.com/pohlilin/59bro714d3fk/wish/269441578 https://padlet.com/pohlilin/59bro714d3fk/wish/269441588 -Protects infant industry 
-Reduces competition
-Decrease in vulnerability on external shocks 
-Retaliation against unfair practices ]]> 2018-07-05 05:32:34 UTC https://padlet.com/pohlilin/59bro714d3fk/wish/269441588 https://padlet.com/pohlilin/59bro714d3fk/wish/269441688 Free trade: 
1. More varieties of goods, increase SOL 

2. Free flow of capital: 
Increase in investments will lead to more job opportunities which will lead to economic growth 

3. Free labour flow can: 
More labour increases the productivity level which increases real gdp per capita as more goods are produced thus increasing SOL ]]> 2018-07-05 05:35:38 UTC https://padlet.com/pohlilin/59bro714d3fk/wish/269441688 https://padlet.com/pohlilin/59bro714d3fk/wish/269442002 preventing flow of capital : (Alfahd will explain) ]]> 2018-07-05 05:41:45 UTC https://padlet.com/pohlilin/59bro714d3fk/wish/269442002