How to Enrich a Country: Free Trade or Protectionism?

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The School of Life
Published at : 02 Oct 2021
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What is the best way to make a country rich? Should you adopt a policy of free trade? Or is protectionism and economic nationalism the better way? We explore the history and theory of one of the central questions of economics and politics. If you like our films, take a look at our shop (we ship worldwide): https://goo.gl/MsEsSJ
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FURTHER READING
“One of the most pressing choices facing modern economies is whether to adopt a policy of free trade or of protectionism, that is, whether to encourage foreign goods into the country with minimum tariffs and allow industries to relocate abroad; or whether to make it hard for foreign firms to sell their goods internally and discourage domestic producers tempted by cheaper wages in other lands…”
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