Politics of International Trade Ep. 02: Introduction of Liberalism Versus Protectionism
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The basic tenet of international trade can be traced back to the works of Adam Smith and David Ricardo in the 18th and 19th centuries. Liberalism believes in market mechanisms and the capacity to maximize comparative advantages. Meanwhile, protectionism believes that state intervention is necessary to protect domestic producers. Further understand the debate between Liberalism versus Protectionism in international trade with Dr. Poppy S. Winanti!
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