https://padlet.com/lothian_cameron/ieqkwuy3qmso By Cameron Lothian en-us 2018-01-08 20:33:04 UTC 2024-11-02 12:50:10 UTC hello@padlet.com lothian_cameron https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544150 Here on my padlet i will speak on Free Trade & Protectionism as well as outline sources on the subject looking at both the advantages and drawbacks of both systems]]> 2018-01-08 20:35:35 UTC https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544150 lothian_cameron https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544199 This graphic provides and excellent summation of all of canada's free trade agreements, moreover it does a nice job of showing countries that will soon have free trade agreements with Canada and naming several countries which canada is currently thinking about creating Trade agreements with]]> 2018-01-08 20:35:44 UTC https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544199 lothian_cameron https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544241 What is free trade? This article by the Encyclopedia Britannica sums it up quite well. Free trade is a government policy where government does not discriminate against imports or exports. This allows buyers and sellers from different economies to do business without worry for tariffs, quotas, or subsidies. Free trade is the opposite of trade Protectionism.]]> 2018-01-08 20:35:52 UTC https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544241 lothian_cameron https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544339 This video is a wealth of information, it provides great explanation as to why some people feel that free trade is not the best option. The creator of this video concisely explains the inequalities created by free trade and what must be done to fix them. he speaks about how for free trade to truly be accepted by everything the governments of the world need to ensure that the wealth gained from free trade. Although this video focuses on the U.S.A it can be applied to virtually any country today.]]> 2018-01-08 20:36:09 UTC https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544339 lothian_cameron https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544457 The info-graphic below Focuses on China and its growth after it joined the WTO and embraced free trade in the 2001. if you look at it you can clearly see That it led to enormous growth causing it to go from the sixth largest economy to second largest in 10 years, as well and ballooning its GDP per capita by over $20,000.]]> 2018-01-08 20:36:26 UTC https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544457 lothian_cameron https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544518 This article by Investopedia does a great job at explaining protectionism, how it is a government policy aimed towards protecting domestic businesses from foreign competition. Furthermore it makes it easy to understand by breaking up its components into easily understood components such as tariffs, government subsidies, and import quotas.]]> 2018-01-08 20:36:34 UTC https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544518 lothian_cameron https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544558 This video provides and in-depth look at protectionism, looking at the way it revolves around tariffs to make a country stronger. it goes into depth first analyzing supply and demand on both a national and global scale, furthermore it does an amazing job explaining the terms that go along with it. Moreover it looks at the cost of protectionism in a society and how it can reduce or increase the welfare of a society ]]> 2018-01-08 20:36:40 UTC https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219544558 lothian_cameron https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219575394 This website thoroughly explains the General Agreement on Tariffs (GATT) and its influence on Canada. It explains how the signing of GATT in 1947 by Canada and 47 other nations set the ground for free trade on a global scale by reducing tariffs on goods by up to 35%, this allowed free trade to flourish across the world and is responsible for the eventual creation of Canada's most import trade agreement NAFTA.]]> 2018-01-08 22:46:33 UTC https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219575394 lothian_cameron https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219596308 This well thought out video, provides an interesting and fairly unbiased comparison to both free trade and protectionism. it looks at the benefits and drawbacks of each and compares and contrasts to giving a fairly well though out answer to which is better. stating that free trade when properly implemented will always outperform protectionism. Moreover this video gives historical examples to support this ideal and even compares these ideals to what is happening in the modern world today.]]> 2018-01-09 02:48:15 UTC https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219596308 lothian_cameron https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219600835 The image below is and image from the 1900s its a propaganda piece representing the ideals of protectionism, personifying the fears that many have towards free trade. It depicts the main advocates for free trade taking British money out of its economy and away from its industries and back to their own countries while the government remains unaware, leaving the country without anything. This sort of imagery is highly inflammatory and meant to rile people up against free trade in hopes to get them to support local economies even when its not the best decision economically.]]> 2018-01-09 03:31:37 UTC https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219600835 lothian_cameron https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219606143 2018-01-09 04:24:19 UTC https://padlet.com/lothian_cameron/ieqkwuy3qmso/wish/219606143