ClASSMAtE

Dale
Page

SNTRORUCTioN
achens that_am to
mteuahinal tuacl det det a oregn-
ex ehamgu Cahital. amel iouce Aahsen C o m m -
fhei fuleunah'onal wncdex
ecal hal'ey a hol'y ueLateclb tracding
mah'onal sumelaries aiming ta hus/eet h LE
rett Hhu' ucihen ane Com/haniet. lexhah he
inlexnahonal
mislkimhwnhumk holiey ru al_an
Hasde qud hon
Couuml y fus hyht tracle or i ah/uthe, lpmi yhi oP
Atleclecdhusheehon " dcaclumic,fhiloshin,hslihca
AMalytlb, amc degtlatar haue uaclcdenscl ut guuhon
humcluel qLan bnel wluue!ely luu 19
Al m0 cluiu'htu anuA The uaion fhatE
ufw fuu tracd aucl lectad pwledhon hau utw
hou'hiaud ung ahi ashecta No n huliy cluriu
cleauly Auhiru'o. o le maks emhanadn behueen
fu tracti auc Ms/ehonium y skatiy Gmm
COnAo atw tt holioies ouuglw tus huect-.

REE acde
F lasttcal economi'ili ht aua Hunt, hclam
Amh, Hauto RPelnartlw-_Muognilicl heimhsrfonce
alfue matkutu ancl tuL racd fhaF sh'mulates hu
ePhoten u a eccnemy? peieuHLA_M Quingu
uiugu
Ccenemic htihuni hy f fuads Ayilem wtune
 dask
futohen g4UAirmumt-imhatd inlenvenhon AMl
iu wh'oh huwduch _uin a
COwtutu mwL hivedu
Becand'u day dtk Bhagun4", "FA thdu au
Amnll abinu a taxilfL, Guakal,Oxalaugu
MLAichant, taret and uluiod e Gn_hugduchL, i
UAL Laucl uCoumhhm
Thit Lolols mal- meeeu arily that ft
i totally
auy inol o baxex tly iuleacl imhart
duh'e (ar du ehangel G bu Gmdun a taxy an.
Lluus uucl jut Lyukm. The aly'eche o fuL
more HUUMuLL auul ma
huleo olomeshe iudushuea. ne al_eramhlu o kruu
Trade AaTeement GATT CGenernl Aareement_ on lGHf
ana1aale), a_hat- that Lduuc fauifte anel atler
baure tuade uhuten anakry Counbule

HeguMENTB SuPPoeTNG FREE Tesoe

EFEICIENEy ARGuMENT; Fku faade sallss faadn Counkai
tAheu'alik in thu oduchiomn ftni tel iu which
fuy aNL Auhchtuly modt efedent Thi in hum,
Hsducns h uBwct Cs ahuoduthon hlalael
Fou fnat vuauon,tmay alse de
tOumeol fuu ePrr'ency gument A a a u l GR
fua, uL takel hlaiu fu/enatibnal hectalizahon htel.
hal hae ulft iucueatng Me dcali o roduehom.
2LNCREASEÐ ECONoMIC GRowTH Fu fuada CLale angex
maxhuta Complomh anieu to kelu
thur froda . E
 cIASSM Ate
Dat
Pago 3

nict

mians Hhat iuuteac ahuoducing w y hug

Counl-uisins
Y
AAay cln
Cam Ahciale on duodueing usd fuupt Hrat 1 4 a
Hhuge f
eXcel iu and Can ueaptfuulhwt alu tugt le
wlc Calt thuma dot t huoduc: u rauM
ecmomies o u
hecluch'viy marcaiuo aud h qOP
that h e
tAading
tMadling Countses rou JE wd eshimaltd _UouH
81
wtuld
a dnhAEU(Eurolhcan (mien) E
u u t lu tml maukuE

RANGFER FDe TEcHNOA.OGY p dhheuent csumtsule ueRo

iolahien u M fechnalag oluulouc m
Cudy uldALmain_Conlinea docallyThrough fadp
CUuluuy A
Technolsical huogu tends to ud n Lach alauofww -
ecluunla dy on _imhuoveol dluy
aa enutAe
AAofeehualogy fotl an eingimhuoved iucceuivelp.
RoMoTES CoupeTiTion ANO feEVENT MONoPoy The _cas o b
THade alaw utla Gn lhact tuat it_hxomstes come-
Hhon an huUwng thu omeygence oP gmomalhalies_iu fu
demshio ecmamy Hu tadd fue, ncreaud Comehhn
gn_ yim aduht meahne to imusade_Hui
eRteny aud makr etfa
ectenuy udlu eol dy umpkeyn
ddotseacol_huedushion eohniuep. Eue tuad dlso_Cmha
fhen_ de jnnovahve ana ta imhuoVe fhe ualiky ot fuer

LRECT INVESTMGNT; fu Tracle ung foren elireak

5.FOREIGN
nNshmpnt_in_h untuyd Qllo hulpu uu CEumty
Counku
alls,
t eppalk ik tadlu dhot m_ua Coun
 lASSMAAe

Pegp

ueemahtonna buar to akaxt fuiu

dotal_umanutrckuxiny

iu mceun
ethot ula, u i hkhu
Hhnt al wll as Lenerake more
exhsua or, _eownt
nyment Wmo w inereautma erhoxkahe Coure
iuuy hau a tadu uuhlub. ChinG examhle
ox uib. he
exhwu for China in eoy wwu 2.34 +illln
tilln
s
OEVEFLT To CWSGMERS JEanau pauat adyontaye
t r a d . uu b fu tradu comheh'tion u feMarket
uouealw and tuw wol u oE Mtlu C
4 ea v a i t a -

ute iu Mw marhut fo Cmbumeds eE low haie

HRgUMENTB HGAINST FRee TRAee

lhe olamapu tasdu hauu motea aluo euP
aud uresle taady ad hhat wa kolhenme aHey
ea lehu on o /929. The main agumenty fhal
Haraeab
MARRKET FAILURE& AMO LAISSEZ-fAIRE f
uL eriatence o aknez fare and e badlu he: nlso
woain ohrce
mechaniam uudo_net Canhehihon. But du molthong
n0 lmaey cit i tw huisnt wolet. Monohaly
imhufeck ebourmauket Gnd
h Opmmn_hando/en iheu
mukk Theiu ohauaclnahiag neo eu?fale
he tate ntCrvenhon
2haCRIMIJATORY TawAROJ SMAA AmO NATVe EwTeRPRARCA IE fenols
favou Aomu ecmemle ond
dome dnerhiIeA QainsE
alu E may un glomufhto
nleyhute. Kecaue fu
Thul a u udlai aud cub- uroat Campe hhton dauelohi,
 CIASSMAte

ste
Page 5
olamehh'o
olmsho iuclustsueAandax Porelhn iuduutueu du he hHaC
Tucdustes Aulplurpc
Aullw.u tumemaou
uthicl utduln handioxal-
tuwmendousy
averolshumdencu Gtiningd theh gimb
th
auclahunalsnce d Coumky
Counkymay
encu _ Fu trad lun
un he danyer
iu
hiuermah'mal
tHading hasher
tua.ot axner
haxhm P Pace eCmamio
Putermahoma
dyhussiorn

in 1fe1-30
dufms om it T6e frea hueuion_Hha
0la auol all h y8_ecmmy Aee
a ove
ecm@mte AD Mot caugheCoumkutes uluc
ullpuc aclly
arly even_ he
9 um huoclu uen
fu he arip o hue fuen dchreMion:
Lc eLumkuie ota_iut Weake ecam@mie The The hsmg
hima sP du
ty
alinlse eouuulug4 s fhe t exhnt
er he aY oumlo ot
GY oumla autolated
auFelaked. nMB
aud
LcNaHu or "ohlut'Hom Ae a ult, dluMkeping Cumkuies ufxu
Lack lseluiud oPteuing_ duulopng Caummes
duelnped Counie t gualshy_huooluct
odudve
in marhula hd onadks
m Haar aukolafed dmaer etkykt drteyolus
dzte ycls
BOVERSE TMPACT ON JEARGR hsoclueds
econamio ulneralthy a EcOMaMIER_LL
h deu
tuade Wmance
cumbanceu
Lun _ fhur_lot oaygaining deuulos ed ecmomiea,
mankak._ aPfen Hull ecanonte hntsee fu fhe mkenahmal
oR tnacde ,audl haw umavouxalto Fexm
n thue econamles duroicl_o_hofeohion, he cdomeuh indushry
Aslu
hicme udneralsl b_em/seh'hve
d fu d
inernahnal_hlayex
IPSEY hau uuuy ahbly Aummed fhe htol_anel lma
aP Bree_tuade huly in_Feump_o
aR hi t»lLowing ohsenrahön
TP we ash wh1un iE _hutsill or ua trace a
imhuove eveyanej i Atanclanols, fue aniwey iyea RuH
se sk _uhatu fuee txade doe nfac always olo ko
he_aulu no nece4ou y _Sty.
 claSSMAte

FRoTECTIONISM
The fuu tracde
u t u ehallomgrd-

hultoy G lelam smiu ecmm8la ike-

The 18 Com/uy amd 19 Cmhuay
no
NNRander Hamilhon uieolath hist and HC. ufhaly
ocmamto hely
4dusocate huolechmiam luotechanigm, i_ an
methods
E Utoainfmg tuade etwun nahong1hogn uofa8,a
ubtictive
7OHto n_ imhon/eal gaods,
a e h y ok otuw_utuichive ounment y l o n b
duyned t dis Courge imbout anohuuwna forean faR
aver o_dacal maxhela and Cmbante. The alechveo
ofeciomNm it merely b hHoteop Gnol_huomote oome
uduukue or makhel-

HRGUMENTS IN SUPPORT OE PRoTÉC*TON L&M

Halunlun clauihed hue asumenta iutk tuo Jrmpd -
eCmomioAgumenb anal mm-cconamio_yumenk
ECONo MLC ARGuMCNT
R OE TRAG AeGtUMENI JE& aHgued that the imhiedihion_oa
foxIP en_imhauhi imhuave_thu cate at Lshich the Coumtry'
erhl_aHe erchangeot_or ihmhsnkr Th_meang that a tint
Chanye terma o fudlo in_favaur sk tar dmeuhic_eamamy
Chouryig etharkh Gnd di curaing îmhor The xtent a which
4 Cantuy can impsoue tk töm a tuaele ly împhong
imhort duy will_dshand uhuan sulahive dermana andl A¥y
Llasbeihea a hame_and ahxoad. lo ike limitahm, a dmal
Lountuyhu hanclty any al
eountuy tofed 7h ouwn ryms otrole
RONERSILCANON ARGUMENT A hol/ey G huoreohim_i all
dvocakea t dvendity_a deueihing Colunfry'inelushoal
uuctuRLA Counkuy Cannot uuly on ons or a Pew iuduslies
Buly IE uecedany fuat a aye Mumher ok iudluhniej
 1aSSMALC

v e a t Muauahuies dveleh iu fau long Run nThis

atyategy
fog i.
caue ottoilwe ato echort ont Commodiy oltun
dds m ay de erfurled.
NEANT dhadusTRY ARGUMGNT; TK aygument wbhuaheunded y
Alexander HamiChn iu l7i0_aud wru hohulaks ecd dy hal
lees datt that t iuduttieu dheuwing o/en
0foutu Gyht a do hroteotd in their ntantkye
Tuue axe maginalved y tu o hloy erd u the 1urerna
hnal m askel. nly whon huy ae iuiulateo um he glabal-
COmehham iu fuu m etho uduay Cau erhand ap
ecmemled
E
ok
dcale_ Gncl Combarahve colt advantaye.oWvess
atR oullt duse intantÉ iuduresaud huotech
Once en_ it _dilult he wffudraltn
AR GAINIAIG ARGUMGNT; agued thak he imbasitom_1
TOA cahances kaHAaining i trade ulated nggotraions
Wit afw Counhu.
houeyer_derg olevelnpeal
eemomiEA
offen_Ruot tumelus iw ahulhls dkale_hle atuthing
5
bargaiw aitw deuulop eol eammied
ANTI-uMLING ARGUMGNT; aheohim _ advacakea a a
ncl_afe_dumbing measre
Forein maxku- at dsun_mping_means delling a_huodtud iha-
A hufeu hau fu th hame markek-
lull u damesho_huo ducere au
Hah truit may e imhal ed mayAinaLGPal
werd o_shchu ihuahons.
NON ECONOMIC AGUMENTS
.EFENCE ARGUMEMT; FHom fhe ieu ak
mahion al
each Countuy ghould ke dspente,
JE Ahguld aisicl bUo vulP-uthuien- a dar au heuialu
close a cdehundencu
Countsu'el. uhm alu
 e l A S S M A t e

Dato:
Page

is
2euwyatton dogumen- hat
n _ a d p c a k e a

rotechion CIHtaln

áoL_CAumkuieu_or huhunhnd__huliHu Tht_axf

dccubahin
classel ot the hehulahim o CHkain
aguiulhural dunca
u a k hauhioulanky ahhled t ru
hHLUDAVahon aF_an au'oulhrnl Communiky orRLas
dotal
ky o
4dd fhe Coiunry Ar_holthcal_nol

HRGUMENTS HGAINSTkoTecT+oNASM
HIGHCRe Rices Eop CxsuMCRS uht tau PA n hauh u
huh uf husce for em&umertamd meulate iheHtUc
humalite
hio dlclor_dum enluine Cmpchhon. hy uePicfent_allocahm

forean_huoolucn aud wncourye aw

He4ource ow domeahtal Gucglolvely.
EFRLCICNCY CE ResoUROe ALoCAtIoK ; he mho&imok taHirEs
B Le belE Poluhm. Fimi may
or ofuw huotechim may notue toitt iuall anol remainu
a l t b tuullerr Gblhud ueouce
mot have an incernhve b_
juerhoient They may
Cosh aud ucimu rlly glubally Cmpehihive. wars andu
frade
TRADE JARS oechm may vrdl
ulernahm al Comtcta ammg tHading mahim
Cuiminatvry Paley dE imhatrle fosa Counfr
4 all sctorg o h
f a m u l a l e a _ h y unolu uth
uchons a hu Ascielg a wpually
ecmomy aud al
poltey o peohechon i
fuoteettat By ih vey nahure ie
discHimina
 clASSMAte

Dato

Pago

A
CASE fOR FREE TRAOe
iattempe_ o
1I3, he Cunohean lhion iu an ther-Psuench_un
the bonanas fuom
ne Commmice_al Carsihean, dmltea he imhwwd
B4hih_lolany_iu he
ofhuhanla_oR he_wtula th lh inhemalLmarh
n Bmiuta Ju l145 1he-
hahu
Lhi alfeckko huíneihally ts fhuw wTo ind
q4ain_L11¥,-
UnifralSHakes tvoh theRgue

u_ failedth_Canhly _it
tw ulo
Chase fuu mbeted AGn@hs
fu tihe
MLulks,tu UnfecAhtes
faxi anhHIu
a E u fpr intkanee lan_hie CmtAFterthe_authondah
au h e fsuih,_hok
ehe.
duch _wau fhe legeak ever0.
kaucbiom,
O m h To ful millim_haw year. The olid-
TAh,_fa uamgunk ws
oP L
u Eu_artanged a m-
2aL aPfex
4Jreemenk _uelel îu Ahimulate a
an_ePfhrt_
farer_itadle_ulu_jiu
Alement
banana Commerce juka ihe 6U-
uker _Comhehhm iuw
he
mankek. dhote_ lhat holy cleeuimi-
EU and. (8
Theishute hoheen banana tredens iu hahn
hauier aaihek
nanry fuade beCaue huehe o n itnmpoltees
tu IHlem
hmpdoa damaeal
dihuahn hAue klen Hutore wflw
usen _UmeceMa dnc
Beemarkit kun
puevailea
thu huiuehlet o
RoTEC**ONIBM
CASe STUOY_FoR_
i u fau developing
deadling CaAiudustuy
1458,1158, thu
nru ak Jahan
 ate

ic Page NO. .

US, The
auc tA
Toyopek.8ut
tu huocues wad unsuece
uemoreo uom th Us_Marke- Thid
merared u adelvake i Jakan uhene Toyota Shoulat
Atay uiw ih original huoducion and ohen ajain
thumarket or foreian_caxs, ox_Change fu draf
and mak Aonious hlang t dundop a hMofhs
autrmabile_htaoluehion The
eteohve Japan_ cmhnued uuult_huoredl b th
t_huofeck i cau induu
Gnd hlcam hiahly empehhive
Thit eaue Toyofa, alemmBbnbes_ ha fhe.
huotechmiim oPen meeeAM aNy_hr He dlsue.lopmenE
Oa hQuh'eulan fucdustuy fu anel
kue iuhernahmal marhip, mahe omhoke uu
pore you tradde garsele sHong er

ely

Teacher's Sign.....
 ClASSMAte
| Date
Page

VRTiCLE heve
fRoTEC*ioMISM Ao FREE TRAOE ACaUNTRY'3 GLORY CR Doom
AUTHORkegine Adele Mgano Fuda
PuBMSHER-Jutesnahimel Journal af Trade, Eemamics and Finance.
KATE OF PUBLSHNGGchber 2ot2
Ihe utun haa duietey uhodutd botw fxee traode
UL w Kuy Cmhbue or Cauntry' lary Gnol doom. anol fsotechmam.
Fuu tide
T & dyaftm whfoh trade. o grmal Gud
owcus dutween ar
OHT Coumlueu ow unhindereol
goveHnmenk imposed xesm'oh ma
C fh Otun haud, frotedhtmim an ecomamic
haloy xunohiy
TMade debucen nahin fhrogh high tur'ft or ahicve
Countay' fotechiniom i k lpoming glory means fhu Guohnd H
hsli hkafeg fau home or intant idusthdeu ytom brehnpo cmpe
haly
fuis
forbHauwe twtll (u &oom for a
hak call ol He Commodthe hat it needs Ceuntry , be CauuL no maH
U Country piaohaing
Holechionom , Muu Huy lach Hu eltuhtl Cammodhtu. Moreorer, t ha
allo dwn accuALcl o luing enu o fu major
auAl ak tradt loara
or eroml, The Banana War,i frachcing tre trde puorides w
advantye of Cxeahna more joek kecauu F dletas nunhn'e
4kecialzu fu tw hHocLuc.him of aods_andl ACHvicu u wlich Muy
haue a Comnpaxahve_advantaye d uaulel dead ludiduals b ecelze
aud ereharge sovd Awicou
baled_on fheir oun dhecial chlihcL
However, I will pofe grave Aeksacku heCaule intont inolustn'esoR
fhe Counhy would dsggle qjaine juleinahönal Cmhehhion and ulhimbly
deuroyed aho încaballe oMaiing_hjzher uevenue hc he
ovHumen du th dea import duhes. Au malysis oP The Benana
TMade ar Auuuu Hut luw hutechmit ld a trade_way
auc ulhmately 1t uds t fee tde Browka bpevel.
 Date .

O Page Nc. **********

Date... . .

CPageNo.. * * * * * * * * " " * * * * * * * *

10LAA,paokechmiam_anol fuee tnde bot ua a

wth dot _ok glouie_aud udoomu, do w
dciolu G9aikkt one_holly Cannor
Therehre,& Cmolude fuu
iaunn saio tuak luuiu, fu trade i maAFly
afnla ecraeo iu a dot ol_0oumtn'es MOwaday lu
o facut aluo lsads ora ite eluctdahan that, "eCp-
Nomio in hu iukernahonal tmde weulc ehanaA 4s Hme
ethuciably as kuueohe anod technslog8 utloka

ONCLU81OA
Aer alAiaving_the _huo_and _cm_oP free trade andlu.
AHofechionlam fuee trade dum th bemore_benelkotal
me_according _huumt dcunauio ukematimalu
JsHadle aluo ha¥eHed due h_ fuce movemenk
aud lunvfcel EMowever, iE
o ods
h he noreg thak dme
AuE o htokeohmam alao enh'al_anc iukegrabedz
a _free tiade, do hathe donn eahe udustaleu
woulolgYau auc i nerafes hizh Hevemuee_kr
Ovennmenk. Bat Howeoever, 1t Aiven fu the hide
have Hr/eweo_ar hi Heeo that_ haly o
fuhernahonal hudo cau dw drashieally Ohange a hme
o a IE dehunds_en hustkedgeánd teduolegy
luel aluo underJent_Chanse douo duch trade paltoy
hotex all_it dehtnda iubn te shuahm o
h e Counryo worla
Teacher's Sign.. **************************