3-3 International Trade is GOOD | Homework Helpers

3-3 International Trade is GOOD

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International trade is GOOD!

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Foreigners Are Our Friends | Econ Chronicles

1. You must post twice per article, once in response to the article and once in
response to what some other student or the instructor has posted.
2. Your posts must be on the discussion board. Do not e-mail them to the instructor.
3. You must post your posts prior to the unit deadline.
4. Each post should be a minimum of three complete sentences long.
5. It must be obvious from what you post that you did read/watch the article/clip.
6. Proper grammar, spelling, and punctuation are required. Don’t be sloppy.

THIS IS SOMEONE POSTEDThe analogy presented was hilariously accurate! One can truly take corn and convert it into cars. The action does, however take place in a less literal form, that is, the use of an intermediary currency to obtain the goods. Regardless of what is used in the exchange, the effect is similar to what all of our modern day farmers do. They are trading their good or service for that of other’s goods or services. So, if this is in no way different from producing cars from corn then why do we decide to forbid it? Well, the primary reason is that people are afraid of losing their jobs. If you produce cars domestically then you obviously feel threatened by foreign companies who also sell your good, so you lobby congress to protect you. Similarly, but many would disagree, if you feel threatened that others entering your market might, say€¦ accidently compete with you, you lobby congress saying that the field of, again€¦say, hair braiding, is far too complicated for the average Joe or JoeAnn and entrance should be restricted with licenses. €“ With that example, I hope the absurdity of the action is conveyed.

This is in many ways similar to political warfare, well, at least I think so. To say that American workers are so much more deserving of jobs than, say, Salvadorans. Is this equality? It certainly is not and yet the world’s supposed brightest push against equality on all fronts by imposing trade restrictions. What they constantly seem to neglect is that, while, yes, they are protecting their people (aren’t we all people, though?) from job loss they are more greatly hurting their people by removing the benefit of cheaper more widely available goods which in turn could reduce and eliminate poverty all together.


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