This class will summarize and explain the basic insight of trade theory: trade generates economic gains to all participating countries. We will then consider why governments may choose to restrict trade, despite economic losses. Finally, we will go over alternatives to such restrictions. Examples derived from US trade relations with other countries will serve as illustrations of key points in the discussion.
Instructor: Elena V. McLean, PhD, Associate Professor of Political Science, University at Buffalo, SUNY
*This is a recording of the live streaming session that took place on July 12, 2021.