Free Trade vs. Protectionism
June 26, 2023
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6:19Now PlayingFree Trade vs. Protectionism
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as posted by the channelMore trade tends to lead to more prosperity for a society. So everyone should favor completely free international trade, right? Well not exactly. Some economists promote protectionism, which restricts trade with other countries to protect domestic production from competition. Why would this be advantageous? What are the pros and cons of these two approaches to trade? Let's get a closer look!
Script by Matt Beat
Animation by Ignacio Triana
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