Before you begin, you will want to complete the Quick Review Questions for Chapter 11. These activities are designed to ensure that you have a solid understanding of the key concepts. You can access the Quick Review Questions through the Multimedia Library link in the left-hand navigation menu, in your online classroom.
The need for liberalization or opening of markets globally is part of the classical theory of trade and money flows; however, the results of trade liberalization are very controversial. This week, you experienced the issues that surround the topic of international trade. Based on your experiences in the You Are a Trade Expert simulation, as well as in your readings, discuss whether international trade liberalization overall is a good thing for the global economy. Explain your reasoning either way. Make sure to utilize the videos from Chapter 11 as well as the News Review section to find specific, real world examples to supplement your argument.