What was your opinion about restrictions on international trade before reading this chapter? Have you changed your mind? Strengthened your opinion? In what ways and why? What was the most interesting part of the chapter to you? Why?
International Trade is such a huge topic! I still believe that trade has the potential to be highly beneficial to all participating countries. It is in my opinion that most of the issues that people have with trade are legitimate arguments but if we could improve our trade policies we would all have greater benefits.
The most interesting part of the Chapter is Free Trade. I am still forming my thoughts about the pro's verses the cons. For the most part I think that free trade is beneficial depending on the goods being imported and exported. Food perhaps. And only if the products are equal in value, which can be tricky to monitor.
After reading these what do yo think about protecting manufacturing industries from international trade? (The flip side, if you want more to think about, is our ban on exporting natural gas. Does that make sense to you? Why or why not?)
After reading these articles, I would say that we could protect what manufacturing industries that are currently doing well, and thriving in order to keep those jobs for people. But I feel that we should expand our services trade with other countries, new technologies are replacing labor manufacturing jobs and same with farming. The world is changing its pace and innovation, and invention is the way to keep us going and thriving in the world economy.
The ban on natural gas makes sense to me if there is a shortage in our country and it's too expensive to export. We don't have to share all of our precious and limited resources. I feel that we shouldn't have to trade everything, only goods that will benefit our economy by both import and export factor.
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