310 lecture 7
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This document discusses international economics and ethics related to trade. It addresses whether countries should restrict or promote free trade, weighing the benefits and harms to local producers and consumers. While restricting trade to benefit local producers may sound appealing, it fails to consider the chain of consequences and that trade is not a zero-sum game.
310 lecture 7
- 1. International Economics Lecture 7 Lecture 7 Lecture 7
- 2. Ethics Employment Practices Human Rights Environment Corruption Moral Obligations
- 3. Moral Dilemma Two Horns Realistic Alternatives Not Utopia
- 4. Free Trade Should Saudi Arabia produce all of its own goods?
- 5. Restrict Trade? Benefits local producers Harms local consumers
- 6. Mercantilism Sounds good until you think about it Chain of consequences
- 7. Mercantilism Trade is not a zero-sum game