Objective

To analyze if free trade is always beneficial and to learn which theory suggested that comparative advantage emerges from differences in national factor endowments.

Description

In this lesson you will learn that government policies have a huge influence on trade and global competitiveness of each industry. Should businesses encourage governmental policies that support free trade? Should the government adopt policies that have a favorable impact on each component of Porter's diamond model? Think about it. Meanwhile, watch the four videos in the “Videos” section to learn more about what you learned.