Welcome

Anti Essays offers essay examples to help students with their essay writing.

Sign Up

Comparing and contrasting free trade and protectionism through the senses of boundaries, locations, flows and events Essay

Open Document

Below is an essay on "Comparing and contrasting free trade and protectionism through the senses of boundaries, locations, flows and events" from Anti Essays, your source for research papers, essays, and term paper examples.

International and domestic trade, are the issues, which are often considered to be purely economic, however, it is important to note, that trade helps the governments to shape the world that we are living in. Free trade and protectionism are the two opposite axes in the international trade, which are reflecting the changes of the contemporary world arena in many different ways. In order to be able to compare and contrast free trade and protectionism, this essay will explore the views on the trade approaches through the key dimensions of the contemporary world arena, such as boundaries, locations, flows and events. ‘Complete freedom from interference with trade is known as a free trade policy’ (R. G. Lipsey and K. A. Chrystal 2007:617). This means, that the states are lowering down or erasing the barriers for international trade in order to be able to specialize in producing the types of products, that they have a comparative advantage in and as following, provide its citizens with an opportunity to consume more goods than they could have without the free trade. ‘Any departure from free trade designed to give some protection to domestic industries from foreign competition is called protectionism’ (R. G. Lipsey and K. A. Chrystal 2007:617). Thus, if a protectionism approach is used by the state, government will try to build up barriers for international trade as high as possible and try to develop all of its industries in order to become self-sufficient.
First of all, we should look at the approaches from the prospective of the boundaries and how the states are being affected. “It is possible to produce a product anywhere; using resources from anywhere, by company located anywhere, to be sold anywhere.” (Milton Friedman, economist) Free trade as it is described by Milton Friedman shows our world as a common economy, which does not have any boundaries. From the mercantilist approach, economics is considered as “a tool of politics, a basis for political power.”...

Show More


Citations

MLA Citation

"Comparing and contrasting free trade and protectionism through the senses of boundaries, locations, flows and events". Anti Essays. 17 Dec. 2018

<http://cassandralynndesignllc.com/free-essays/Comparing-Contrasting-Free-Trade-Protectionism-Through-26138.html>

APA Citation

Comparing and contrasting free trade and protectionism through the senses of boundaries, locations, flows and events. Anti Essays. Retrieved December 17, 2018, from the World Wide Web: http://cassandralynndesignllc.com/free-essays/Comparing-Contrasting-Free-Trade-Protectionism-Through-26138.html