Economic gobalization and Free Trade

Free Trade is...

• a trade in the world of competency

• a pact between two or more nations to reduce barriers to imports and exports among them

• a trade of peace between nations

• a pact to have the same opportunities

What is mercantilism?

• a trade of sale quality merch

• a policy that regulates the market around nations

• is an economic policy that is designed to maximize the exports and minimize the imports for an economy.

• is the economic policy that takes care about the prices and producs in the market

Protectionism refers to government policies that restrict _______________ trade to help domestic industries

choose the advantages of the free trade

• economic growth opportunities

• more opportunities for foreign direct investment

• create more job opportunities

• lowers the taxes that consumers and businesses pay

choose the disadvantages of the free trade

• does not create more jobs

• Environmental protections are minimal

• opportunities for immigration outsourcing

• city grown

loss of job is an example of..

• less developed country

• disadvantage of free trade

• free trade advantage

• developed natoion

This picture shows

• enviromental degradation

• contamination

• loss of biodiversity

• pollution

Complete:

poor ________________

• city

• job

• people

• working conditions

less _________________ nation

Is this a developed nation?

• yes

• no