Mercantilism is a bankrupt theory that has no place in the modern world.
Is free trade fair? Discuss.
. Unions in developed nations often oppose imports from low-wage
countries and advocate trade barriers to protect jobs from what they
often characterize as “unfair” import competition. Is such competition
“unfair”? Do you think that this argument is in the best interests of (a)
the unions, (b) the people they represent, and/or (c) the country as a
What are the potential costs of adopting a free trade regime? Do you
think governments should do anything to reduce these costs? Why?