Trade Policies and International Political Perspectives
Introduction
This chapter examines two international topics with political macroeconomic ramifications. The first subject is the political economy of free trade versus trade protectionism. This subject partially overlaps with the second topic. The second topic is a comparison of the three ideological perspectives of economic liberalism, neomercantilism, and economic structuralism. These three international perspectives provide insights on the political and economic implications of international trade policy and globalism.
Relation between Net Exports, GDP, Unemployment, and the Exchange Rate
A commonly used measure of international trade is net exports or the trade balance. Net ...
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