Learning Journal prompt:

Answer the following questions on globalization and protectionism:

• Why does the government create trade barriers if they can potentially hurt a worker in an economy (due to lower wages)?
• a. What can be done to avoid trade barriers?
• b. As a consumer, what are your experiences with trade barriers?
• c. What alternatives do you recommend to replace trade barriers?
• Why do you think labor standards and working conditions are lower in developing nations of the world rather than in other countries?
• Should a country impose higher safety standards on imported goods that exist in the foreign country where the goods were produced? Provide an explanation.