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International Trade - International Specialization

Explain why international specialization may lead some people, groups, and industries to oppose free trade.

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Hello,

Interesting research question! One approach to help you with an assignment like this one is by outline and potential information for you to consider for various sections, which you can draw on for your final paper. This is the approach this response takes.

RESPONSE:

1. Write a brief essay explaining why international specialization may lead some people, groups, and industries to oppose free trade.

Let' look at some information for you to consider in your argument, mainly that international specialization may lead some people, groups, and industries to oppose free trade (thesis statement). Like all academic paper, even short paper, there will be an introduction (introduce topic with thesis statement), body (e.g. present 3 or 4 arguments supporting your thesis), and conclusion (restate thesis statement and sum up main points of argument).

Now let's consider some information for you to consider for this short paper. (main source: http://research.stlouisfed.org/publications/review/02/01/1-22Coughlin.pdf):

International Specialization is defined as (a) producing more than you need of some things, and less of others, hence "specializing" in the first. In international trade, this is just the opposite of self-sufficiency, and (b) doing less than everything, as when a country produces fewer different goods than it consumes. In a 2x2 trade model, this means a country produces just one good or product. With many goods and countries, it means a country has some goods that it does not (and cannot competitively) produce ...

Solution Summary

This solution explains why international specialization may lead some people, groups, and industries to oppose free trade.

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