Managing in a Global Economy
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5-MIGEFall2021Lesson5nextassignment6.pptxManaging in a Global Economy Fall 2021 Lesson 5
Next Assignment Relative advantages of protectionism and Free Trade
Are National Development Plans Justified ?
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Relative Advantages of Protectionism and Free Trade
We have studied protectionism
We have studied free trade
What are the advantages for a country of:
Protectionism
Free trade
2
Protectionism – What is the track record ?
Should protectionism be seen as a:
Short term
Permanent
Measure
What is the historical evidence ?
3
Free Trade ?
Free trade – what are the advantages for a country ?
Free trade – must it be completely free
Free trade - must it be limited
Free trade - the second phase ?
4
National Development Plans
National development plans ?
Are they socialism?
Can they be reconciled with a market economy?
Which sectors of the economy should or could be:
Guided
Financed
By governments ?
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