Global Exchange: Free Trade and Protectionism
Catalogue Number: 393377
Producer: Films Media Group
Subject: Business Studies, Canadian World Studies, Economics, Global Issues, Global Studies, Social Sciences, Social Studies
Grade Level: 9 - 12, Post Secondary, Adult
Country Of Origin: United States
Copyright Year: 2007
Running Time: 33:00
Did protectionist tariffs initiate the Great Depression? Will free trade across international borders benefit all countries involved, or create winners and losers? Is there any middle ground in the globalization debate? This program surveys the history and politics of cross-border trade, identifying ways that nations have tried to strengthen, reduce, or prevent it. Outlining the concept known as pattern of trade, the video examines cases for and against free trade while studying comparative advantage, wage inequality, economies of scale, and the infant industry argument. The evolution of international trade policy is also examined, featuring prominent examples of pro- and anti-protectionist measures: the Smoot-Hawley Tariff Act, GATT, NAFTA, the emergence of the World Trade Organization, and more. The success of East Asian economies following World War II highlights the principle of export-oriented industrialization.
“The simple, basic explanations of complex financial concepts as well as interviews with experts...provide viewers with a solid foundation for understanding globalization. This mix of expert hosts results in a very useful, educational video…. Video techniques and effects are as outstanding as the still photography.... Suitable for adults of all ages.”—Educational Media Reviews Online
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