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    Social and environmental impacts of trade liberalization

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    Discuss why countries impose trade restrictions.

    © BrainMass Inc. brainmass.com October 9, 2019, 6:07 pm ad1c9bdddf

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    Classical economic analysis indicates that free trade increases the global level of output because free trade permits specialization among countries. But still countries impose trade restrictions.
    This is because neoliberal policies leading to a global system of unsustainable production and consumption that benefits giant corporations. The natural resources that sustain livelihoods are being extracted and destroyed, ...

    Solution Summary

    The solution lists social and environmental impacts of trade liberalization.