Solutions: How Can Economic Protectionism be a Solution to Poverty?
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Solutions: How Can Economic Protectionism be a Solution to Poverty?
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In this video, we explore the concept of economic protectionism and its potential to alleviate poverty. We explain protectionism from first principles, discuss how it aims to protect domestic industries and promote economic growth, and examine the arguments for and against its effectiveness in reducing poverty. The video also outlines a step-by-step approach to implementing protectionism, features a real-life example from the US-China trade war, and suggests key skills for students interested in solving global economic issues.
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