Nations that are interdependent upon each other benefit by trading.
Why do Nations trade?
Nations trade because they have something that other nations want and need and they need other recourses from other nations.
Is trading always fair?
Some nations have an advantage by providing a product that other nations can't provide. Some nations may provide their good or service better, faster, or in larger amounts giving them a comparative advantage.
What can go wrong?
Some people want tariffs to stop importing certain products. Some nations put trade barriers in place which slows international trade. This effects nations that did not raise tariffs.
Trade issues bring international consequences such as owed salaries and poor working conditions. Students who look at this will also be looking at civic ideals and values, and time, continuity, and change.
How does our country feel about trade?
The U.S. supports free trade without tariffs.
Great points about how nations must rely on each other equally or else one will be losing money while the other is gaining. This would be important to teach students because they may not think about the consequences of spending so much money and not making any. This could then spin off into debt, recessions, etc. Add some pictures, etc. to spice it up! Great job!
ReplyDeleteHi Robin! You did a good job! I think it was very detailed. You knew what you were talking about I liked that you knew your information and did not have to read off of the blog post. Next time you should add pictures and some examples! I think adding your opinion could help the readers learn more because we would gain your opinion. Great job!
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