Getting value from this course?
Make a ContributionIn 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.
Demonstrate mastery of the knowledge and skills presented in this lesson by applying it to the above activity. If, and only if, you have a full understanding and have mastered the knowledge and skills presented in this lesson, select the next lesson in the navigation.
Has this course helped you and added value to your life? Consider making a contribution.
We believe access to education should be free, so every course at Plato University is available to you free of charge.
However, if you get any value from our courses, they help you solve a problem in your life, or if you just believe in what we are doing, consider making a contribution equal to the value we have given you.