Gilobal Gilcbal Lesson 3 Discussion Forum 1 Please respond b

Gilobal Gilcbal Lesson 3 Discussion Forum #1 Please respond by Sunday@ 11:55 p.m Post an inital response of 150 words or more and then respond meaningfully to the postings of at least two other leamers in the course The textbook describes several theories of international trade that have since been proven false or to have serious flaws, yet some politicians and sectors of the press still advocate them. Why do you think they do so? How could you affect that behavior?

Solution

Some of the international trade theories hhave serious flaws yet they get advocated for majorly political incentives.

Any government agency or press led by political influence when supports international theories of trade and suggests the gains of trade to cash in then it is msotly not happeing for the sake of national ineterst rather to capture the incentives for interest groups and to convert into device for redistributing income to politically influential sectors.

One being a stakeholder in policies that are being formulated for specific sector/industry etc would have interest. These interests would led him to lobby for or gaianst such policies. Such as if government is lberring the free trade in one industry then the domestic suppliers or the association/organization of teh domestric suppliers will lobby against it and would try to withold the policies or to restrict it terms.