The Dilemmas of International Trade

Question 1

What are the four dilemmas of international trade?

Answer 1

distributional dilemma, values dilemma, state goal dilemma, and choices for individual

Question 2

What is the title of the article?

Answer 2

The dilemmas of international trade

Question 3

what is distributional dilemma

Answer 3

no trade policy benefits everyone. whichever trade policy the government chooses, it will harm some group. it protects or promotes one sector at the expense of others.

Question 4

What is the effect of distributional dilemma

Answer 4

it effects the domestic distribution of income, wealth, and political power, trade deficits could shift economic welfare across time.

Question 5

what is values dilemma

Answer 5

whichever choice is made, some values must be compromised to achieve others. Trade affects society, polity, and culture. Ethical and social values.

Question 6

what is Sate goals dilemma

Answer 6

tension between trade and mission of state to provide security, independence, and peace for the nation. foreign policy, autonomy and security

Question 7

What are state actions motivated by

Answer 7

power and autonomy, growth and efficiency

Question 8

Pros and cons of interdependence

Answer 8

improve economic efficiency and prospects for international peace but constraints the sates from acting independently of others due to national interest.

Question 9

what is NAFTA

Answer 9

North American Free Trade Agreement

Question 10

what doe liberal theorist advocate for

Answer 10

advocate for free trade because it maximizes economic efficiency and therefore material standard of living.

Question 11

What are the concerns of free trade in regards to values dilemma

Answer 11

free trade allows economic considerations to dominate more important ethical ones.

Question 12

Example of value dilemma

Answer 12

trading with nations that permit shabby treatment of workers. values consideration overlaps distributional effects of trade to generate inequality by undermining the position of workers.

Question 13

Cultural considerations of value dilemma

Answer 13

promotes resistance to authority and threaten to undermine the cultural industries that sustain national identity.

Question 14

Ecological values of dilemma

Answer 14

exports of goods that might threaten natural environment or planetary resource

Question 15

Another value issue

Answer 15

places greater competitive pressure on firms to lower their costs and they in turn pressure their states to alter policies that keeps them from doing health and safety requirements, environmental regulations etc.

Question 16

Concentrated geographic unemployment brings

Answer 16

social problems including, drugs, crime, inequality, urban violence, and potentially social collapse. Also leads to disproportionate effects on particular ethnic groups and sectoral concentrations and on women and teenagers

Question 17

How do economist propose we solve values dilemma

Answer 17

in theory is to earn benefits of free trade and use the proceeds to compensate the losers.

Question 18

Why are states wary of trade

Answer 18

because the interdependence implicit in relying upon foreign actors constrains independent action and threatens autonomy. vulnerable to economic disruptions

Question 19

national sovereignty

Answer 19

hinder a nation from pursuing some policies of their own such like protectionism

Question 20

What did sates do to minimize dependence and what are the implications

Answer 20

many states restrict trade in sensitive sectors important to the economy like food, banking, insurance or steel or to national defense such as technology and so on. Could endanger friendly relations and international peace.

Question 21

What did theorist say about interdependence

Answer 21

they say that trade can force nations to recognize both the need to coexist and coflourish through cooperation.

Question 22

Dilemma for choices for the individual

Answer 22

Challenges to individuals when they are contemplating any purchase. A moral agent in which they decide if they should by cheap things done from child labor.

Question 23

Six roles trade affects individuals

Answer 23

As a consumer - free trade because imports are cheaper. As a worker - free trade or protectionism it depends. As a member of an economic class. As a resident of a community. As a citizen of a nation. As an individual.