Global Trade and Integration · Global Markets

Protectionism versus Free Trade

Debating the use of tariffs, quotas, and subsidies to shield domestic industries from foreign competition.

Key Questions

  1. 1What trade-offs does a tariff create for domestic consumers and producers?
  2. 2Is the 'infant industry' argument still valid in a globalized digital economy?
  3. 3Who benefits from the implementation of non-tariff barriers?

MOE Syllabus Outcomes

MOE: Globalization and Protectionism - JC2
Level: JC 2
Subject: Economics
Unit: Global Trade and Integration
Period: Global Markets

Suggested Methodologies

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