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Trade and growth - Coggle Diagram
Trade and growth
(6) Free trade
Economic history at odds with reality
Interventionist policy can be abused
Economic theory on trade at odds with reality
Interest groups and free trade
Free trade and the structure of the domestic economy
Debunking free trade myth
Intellectual property rights and state-sponsored espionage
(1) Mechanism
economies of scale
learning
competition
institutions
(3) Effect on trade
Effect of COVID-19 on trade
Effect of climate change on trade
Effect of politics on trade
(4) Touch of theory
What is deadweight loss?
What is comparative advantage?
What is opportunity cost?
Case for free trade
Free trade helps by reducing prices
The marriage of anti-trade and anti-migrant sentiments
(2) State of trade
Patterns over time
WW I
Post-WW II rise
Great depression
Post-2000 rise
Industrialisation
(5) Problems with trade
Bilateral trade deficit