The need for liberalization or opening of markets globally is part of the classical theory of trade and money flows; however, the results of trade liberalization are very controversial. This week, you experienced the issues that surround the topic of international trade. Based on your experiences in the You Are a Trade Expert simulation, as well as in your readings, discuss whether international trade liberalization overall is a good thing for the global economy. Explain your reasoning either way. Make sure to utilize the videos from Chapter 11 as well as the News Review section to find specific, real world examples to supplement your argument
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