Author Question: How is strategic trade policy different from a free trade system? What are the advantages of ... (Read 121 times)

luminitza

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How is strategic trade policy different from a free trade system?
 
  What are the advantages of each? Give an example of U.S. participation in strategic trade policy and an example of U.S. participation in a free trade system. In your opinion, should U.S. foreign policy focus more on strategic trade policy or on promoting a free trade system? Why?

Question 2

Compare and contrast the wars in Iraq and Afghanistan. How successful was the United States in these conflicts?
 
  What will be an ideal response?



lou

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Answer to Question 1

Answer: An ideal response will:
1. Note that a country uses strategic trade policy to bolster a specific industry. This is inconsistent with a free trade system in which government does not help or hinder firms within its borders.
2. Identify the main advantage of strategic trade policy, which is to help a domestic industry in a way that is in the national interest.
3. Identify the main advantage of a free trade system, which is the creation of a larger marketplace for goods and services. This reduces expenses for businesses and lowers costs for consumers.
4. Provide an example of a U.S. strategic trade policy, such as U.S. government support for the automobile industry.
5. Provide an example of U.S. participation in a free trade system, such as U.S. participation in NAFTA.
6. Provide an argument for why the United States should focus more on strategic trade or free trade. Strategic trade advocates may argue that such policies strategically help the U.S. economy exactly where it needs the most help. Free trade advocates will focus on the ability of free markets to provide the highest quality goods and services at the lowest cost.

Answer to Question 2

Answer: An ideal response will:
1. Discuss how both wars were part of the broader fight against terrorism.
2. Explain how the war in Afghanistan was a direct response to the September 11, 2001, terrorist attacks, whereas the war in Iraq was about preventing a future terrorist attack before the threat had fully developed.
3. Analyze how successful these two wars were. Students might note that the wars lasted longer than expected and were not always popular, but that the wars also had considerable successes, such as the elimination of Saddam Hussein and the Taliban. Students might also note that there has not been another major terrorist attack since September 11, 2001, indicating that the wars have been successful.



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