Please enable JavaScript.
Coggle requires JavaScript to display documents.
PATRIOTIC PURCHASING, 1.Protectionist measures vs free trade - Coggle…
PATRIOTIC PURCHASING
The impact of free trade and protectionist measures on the economy and workers.
Debate :silhouettes:
Some Americans and Canadians think that buying domestic is better for the economy.
Economists' views :silhouette:
Most economists support free trade because:
It benefits consumers.
It promotes global economic prosperity.
Reaction of some countries :explode:
Applying protectionist measures such as:
Tariffs
Import quotas
Specific concerns :forbidden:
If left unprotected:
Foreign goods could crowd out domestic industries.
For example, the US auto industry feared being “pushed over the edge”.
International trade is increasingly free → Domestic workers are worried :warning:
Competition from cheap foreign labor threatens livelihoods.
4.Buying Domestic Products and Patriotism
❌ Limitations of "Buy Local" Campaigns
Limitations of "Buy Local" Campaigns
Limitations of "Buy Local" Campaigns
Limitations of "Buy Local" Campaigns
✅ True Patriotic Action
Help them compete effectively with international rivals
Give local businesses the incentives to improve
✅ Advantages of Domestic Products
Local firms may have an edge in understanding local tastes
Creates a sense of patriotism in consumers
Protectionist Policies
Short-term benefit 🕒
Slows job loss
temporarily
Long-term consequence 💸
Economic problems hurt workers eventually
Greater damage over time
Adaptability Loss 🔄
Workers cling to outdated skills
Harder to adapt in future
1.Protectionist measures vs free trade
