"Restrictions On International Trade Are Counterproductive”. To What Degree Do You Agree/Disagree With This Statement. A Presentation for my class "Intro 2 Contemporary Business"

1. “Restrictions On International Trade Are Counterproductive”. To What Degree Do You Agree/Disagree With This Statement? Sina Drees Markus Roth

2. 2 Say “YES“ to Trade Restrictions because Globalization KILLS

3. 3 “globalizationmakesthe richricherandthepoor poorer“ “…weneedtoprotectour industriesandworkers!“

4. 4 Free Trade Is a Right – ABOLISH TRADE RESTRICTIONS

5. 5 “IncreasingCommerce MakesWar Lesslikely“ “Free Trade EnrichesCultures“

6. 6 “It has been said that arguing gainst globalization is like arguing the laws of gravity“ Kofi Annan, 7th Secretary-General of the United Nations

7. 7 Approach Is Not Mathematical Full Attention

8. Contents Intro – Background to Protectionism Measures - Toolkit Tariff Non-Tariff Arguments in Favor and Against Trade Restrictions Summary Questions 8

9. Intro Protectionism - Mercantilist Concept Adam Smith – Absolute Advantage David Ricardo – Concept of Comparative Advantage 9

10. Measures Tariff – protective or/and revenue creating Taxes Surcharges Duties 10

11. Non-Tariff Quota Exchange Control Embargo 11

12. Arguments AgainstTrade Restrictions Higher Prices 12

13. Contra Trade Restrictions Less Consumer Choices 13

14. Contra Trade Restrictions Retaliation by harmed Countries Loss of Jobs at International Companies 14

15. 15 “Let us stop buying chrome from an African nation whose internal policies we do not approve.” “We will reduce our restrictions if you will do like­wise.” “trade policy in the United States is a political matter.” “Let us reduce our restrictions against underdeveloped countries so that they can benefit from sales to us.”

16. 16 In Favor ofTrade Restrictions Protect National Defense And Citizens’ Health

17. 17 In Favor ofTrade Restrictions Protect New & Weak Industries

18. 18 In Favor ofTrade Restrictions Protect Domestic Jobs in the Face of Foreign Competition

19. Protect against Dumping 19 In Favor of Trade Restrictions

21. Lower Price for the Consumers 21 In Favor of Trade Restrictions

22. Summary Advantages of Free Trade Free Product Choice More Jobs Retaliation by harmed Countries Protection for Consumers Citizens’ health Employees Weak and New Industries Man Must Choose Between Freedom and Protectionism 22

23. “It has been said that democracy is the worst form of government except all the others that have been tried.” Sir Winston ChurchillBritish politician (1874 - 1965) 23

24. ? 24