Title: Why Nations Trade – Introduction to Business
Headings: 18
Why Nations Trade

18 Why Nations Trade
Absolute Advantage
Comparative Advantage
The Fear of Trade and Globalization
Benefits of Globalization
Summary of Learning Outcomes
Glossary
free trade

Content: Danielle Paquette, “Trump Said He Would Save Jobs at Carrier. The Layoffs Start July 20,” The Washington Post, https://www.washingtonpost.com, May 24, 2017. Anti-globalization groups oppose America’s free-trade stance, arguing that corporate interests are hurting the U.S. economy and usurping the power of the American people. The recent protests at the G20 meetings in Hamburg, Germany, expressed anti-free-trade sentiment, supporting the idea that multinational corporations wield too much power. Are fears expressed by anti-globalization activists and nationalists justified? ( Credit: fiction of reality/ Flickr/ Attribution 2.0 Generic (CC BY 2.0))
So is outsourcing good or bad? If you happen to lose your job, it’s obviously bad for you. However, some economists say it leads to cheaper goods and services for U.S. consumers because costs are lower. Also, it should stimulate exports to fast-growing countries.