Benefits of trade and the economics and politics

Benefits of trade and the economics and politics

You can watch and listen to William Lane of Caterpillar and Dan Griswold of the CATO Institute discuss the benefits of trade and the economics and politics of the three pending free-trade agreements of 2011.

Prepare a short review of the speaker’s basic premise as discussed in the video. In approximately 2–3 pages, respond to the following:

• Provide a summary of the video content (who, what, where, when, and why)

• Discuss the key concepts covered. What are the strengths and weaknesses of the three free-trade agreements?

• What are the conclusions? What are the implications for global management?