Watch the two video (link is in the Discussion Board):
- A 10-minute Ted Talk video on Trade:
- A 4-minute explanation between the IMF and the World Bank:
Topic- Economic Globalization versus Economic Nationalism:
Part I: What are the competing ideologies of mercantilism, liberalism (economic), and Marxism? Briefly summarize each in your own words and provide an example of a state using each of the three.
Part II: If free trade is so good, why is it so controversial? Why do governments engage in protectionism, policy intervention to limit trade? What are Global Trade Deals really about, according to the Ted video? Do you agree or disagree, and why?