Economics -- Week 13, Part A
Economic and political factors sometimes lead nations to restrict international trade. Nations are said to conduct free trade when international trade is not restricted by governments. In recent years, many nations have reduced trade barriers to increase international cooperation. Multinational corporations also increase international trade. Additionally, international joint ventures encourage cooperation among companies of different nations.
VIDEO OBJECTIVES
- Explain why nations impose trade barriers
- Describe the key arguments made in favor of free trade
- Describe the types of agreements that indicate that nations are following a policy of cooperation
By Christian Carpenter
