Hey guys! Very interesting discussion in class today on the advantages and inequities of the global free trade system and some of the possibilities fair trade might provide for LEDC primary goods producers.
Your task, as explained in class, is to create a persuasive argument to respond to the Essential Question:
To help make this rather complex question clearer, consider the following:
How could you modify the above to improve the system? What would be most effective? What would be most realistic?
This post is due on Friday, Nov. 14 before class.
Your task, as explained in class, is to create a persuasive argument to respond to the Essential Question:
- How can the positive effects of trade be maximized while minimizing the negative effects?
To help make this rather complex question clearer, consider the following:
- What kinds of rules or incentives would need to be in place?
- Think about global trade regimes (e.g., WTO), domestic policies that have international effects (e.g., subsidies). and then behavior of producers and consumers (e.g., fair trade).
How could you modify the above to improve the system? What would be most effective? What would be most realistic?
This post is due on Friday, Nov. 14 before class.