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Free Trade and Protectionism

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Abstract

One of the most interesting debates in economics is about free trade and protectionism.The arguments in favor of both directions are described by the analysis of free trade case and protectionism case.These are based on the economists' thoughts that, on a side, the state should not intervene in international flow of goods and services and, on another side, it should be created a system of tariffs, quotas and export subsidies in order to protect the national economy of each state in report with the foreign competition.

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One of the most interesting debates in economics is about free trade and protectionism.The arguments in favor of both directions are described by the analysis of free trade case and protectionism case.These are based on the economists' thoughts that, on a side, the state should not intervene in international flow of goods and services and, on another side, it should be created a system of tariffs, quotas and export subsidies in order to protect the national economy of each state in report with the foreign competition.

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Available abstract

One of the most interesting debates in economics is about free trade and protectionism.The arguments in favor of both directions are described by the analysis of free trade case and protectionism case.These are based on the economists' thoughts that, on a side, the state should not intervene in international flow of goods and services and, on another side, it should be created a system of tariffs, quotas and export subsidies in order to protect the national economy of each state in report with the foreign competition.

Key concepts: Protectionism, International trade, Economics, International economics

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