One of the most pressing choices facing modern economies
Is either to adopt
Free Trade Policy
Or protection policy,
Thus, either encouraged
Entry of foreign goods into the state with
Minimum customs duties
And allow the distribution of industries outside the country;
Or to be implicated on foreign companies
To sell their goods internally
And the obstruction of local producers
Attracted to low wages in other territories.
Looks like a very modern dilemma,
But the debate among supporters of free trade
And protection policy
They return to a very long time.
The debate began on this subject seriously in Europe in the fifteenth century
Formation theory
Known as mercantile
Prior to what is referred to
Today the protection policy.
Mercantileism was, almost like any other economic theory
Interested in increasing the nation’s wealth.
But Mercantile says
That means to increase wealth
On the state try
Make as many things as possible
Within its borders
Minimizing
No dependence on foreign imports.
Role of Government
Was in support of domestic industries
By imposing huge customs duties on imported goods
And hindering foreign manufacturers
From the competition of local players.
The strong state was how I knew
Provide for itself
Which has managed to achieve almost complete independence in trade
Target knows
Self-sufficiency.
Mercantile philosophy prevailed widely
As the most convincing economic theory
Until the ninth of March of 1776
Possible release date
More important book
In the history of modern times.
In ‘looking at the nature and causes of nations’
Scottish philosopher and economist Adam Smith
Try blowing up
Intellectual props for mercantile.
Smith argued that the best way
For any country to become rich
Is not to try to make everything by itself,
Because no country can
Excellence in all economic sectors.
Smith noted
That states possess naturally
Different strengths in certain areas
Some were great at making wine
Some were superior in the pottery industry
And others may still be an expert in the lace industry
And in such strengths
Each country should have focused.
This was an application
Theory that we can understand enough
In terms of individual life
If someone possesses innate talent
in accounting,
It was not logical for them to spend
Great time of every day
In an attempt to manufacture cheese as well,
Sewing their own panties
And learn to play violin notes.
The best accountant
For cheese maker
The tailor and the violin
Specialization in areas through which
All of them have the greatest advantage
And then shared with others
To meet their other needs.
As Smith stated:
“The wisdom of all
Master of a reasonable family,
Never try to make at home
What his industry will cost him
More than buy it “
Smith confirmed that if Britain could
Production of goods produced from wool cheaper
From Portugal
Portugal can produce
Wine cheaper than Britain,
It will therefore be mutually beneficial
Exchange of products
Which they can manufacture at a cheaper price
Which they can only manufacture
At the highest price.
The total wealth of the two countries
Will rise because of labor and capital
Will always be used optimally,
Oriented sectors
It will be skill and local opportunity
In its best form.
Government function
Was to identify sectors in them
There is national interest,
Assistance in labor force education,
But on the other hand, the reduction of tariffs
As much as possible,
And step off the road.
With amazing speed,
Smith’s theory convinced the majority of classes
Economic and political
In northwestern Europe.
In Britain, has been tested
His ideas are practical
In relation to the primary food
For the nation:
Maize
Grain prices have been, for many years,
Protected by government decrees.
The cheaper foreign cereals were kept out,
Apparently
To protect national jobs and wealth.
But Smith’s ideas
She was pushed forward by his follower
Most importantly David Ricardo,
It was suggested that all tariffs applied to imported grain
Systems of supporters of the protection policy defined
“By the laws of the atom”
Were in fact a factor in economic growth.
After sharp debates in parliament,
Laws were annulled in 1846.
The result was presented
Pros and Costs of Occurrence
For Smith’s ideas:
The price of corn fell sharply,
Food became cheaper
And all, in particular
Working class,
They have a lot of extra money
To spend on other springs,
This, in contrast
Contributed to the overall volume increase
For the British economy,
Which led to their superiority significantly
To all their European counterparts.
But – but it was great
Large British agricultural areas
I went to the wall.
Imported cheap corn, from
Canada and the United States,
A farmer was destroyed
And lifestyles have been going on for ages.
Smith’s theories were correct
And, depending on where the person stands,
Obviously painful.
The ongoing problem of sound discussions
Without a doubt support for free trade
Is that human cost
Rarely put forward
With enough passion
And creatively.
Shouts of the disadvantaged
Not recognized:
Threat to stability
And the moral dignity of the nation.
As was gradually realized,
Benefits of open economy
Can bear fruit as required
When a series of steps are taken to loosen up
Of the consequences.
Any country committed to free trade
They have to impose taxes on sectors of the economy
Which have a preference
And then spend money
To reshape those
Economic sectors
With the most serious damage
In relation to external competition.
Without such a redirection of money and employment
Will become very state
Politically unstable
Thus posing a danger
On any progress made by free trade.
Second, governments must empower
Everyone in the economic sector
From finding their own natural strengths;
Which means high levels of investment in education
And a wide range of systems to raise social mobility.
Monopolistic behavior by the wealthy
Constitutes a threat to the integrity of the free trade system
Just like import tariffs.
Logically, free trade
I won the debate without a doubt.
When Mexican workers can make a car
At eight dollars an hour,
While the American
It costs $ 58 an hour,
It is clear that it is wise to allow Mexico
What you do well,
No matter what the impact on American car workers.
However, free trade advocates
They were increasingly ignored
When it comes to founding
Important political programs
To support operations
Effective in the system.
The wrench was forgotten
Auto workers
Coal pickers and steel makers.
And in democracies
There was a price tag
To his girl for this neglect,
In the form of a new class appearance
Of mercantilines,
Who have successfully argued it
Barriers must be increased again,
That the state trying to make
Everything within its borders
To regain influence
And low-cost importers
They are in all their forms
Destroyers of local jobs.
These points are not logical,
But as long as the advocates of free trade
They failed to clearly formulate a program
To address free trade regimes,
The whole country will be lured
With easy promises for mercantilins
And thus will suffer
Until you regain wisdom
Adam Smith distinguished herself
one more time.
Is either to adopt
Free Trade Policy
Or protection policy,
Thus, either encouraged
Entry of foreign goods into the state with
Minimum customs duties
And allow the distribution of industries outside the country;
Or to be implicated on foreign companies
To sell their goods internally
And the obstruction of local producers
Attracted to low wages in other territories.
Looks like a very modern dilemma,
But the debate among supporters of free trade
And protection policy
They return to a very long time.
The debate began on this subject seriously in Europe in the fifteenth century
Formation theory
Known as mercantile
Prior to what is referred to
Today the protection policy.
Mercantileism was, almost like any other economic theory
Interested in increasing the nation’s wealth.
But Mercantile says
That means to increase wealth
On the state try
Make as many things as possible
Within its borders
Minimizing
No dependence on foreign imports.
Role of Government
Was in support of domestic industries
By imposing huge customs duties on imported goods
And hindering foreign manufacturers
From the competition of local players.
The strong state was how I knew
Provide for itself
Which has managed to achieve almost complete independence in trade
Target knows
Self-sufficiency.
Mercantile philosophy prevailed widely
As the most convincing economic theory
Until the ninth of March of 1776
Possible release date
More important book
In the history of modern times.
In ‘looking at the nature and causes of nations’
Scottish philosopher and economist Adam Smith
Try blowing up
Intellectual props for mercantile.
Smith argued that the best way
For any country to become rich
Is not to try to make everything by itself,
Because no country can
Excellence in all economic sectors.
Smith noted
That states possess naturally
Different strengths in certain areas
Some were great at making wine
Some were superior in the pottery industry
And others may still be an expert in the lace industry
And in such strengths
Each country should have focused.
This was an application
Theory that we can understand enough
In terms of individual life
If someone possesses innate talent
in accounting,
It was not logical for them to spend
Great time of every day
In an attempt to manufacture cheese as well,
Sewing their own panties
And learn to play violin notes.
The best accountant
For cheese maker
The tailor and the violin
Specialization in areas through which
All of them have the greatest advantage
And then shared with others
To meet their other needs.
As Smith stated:
“The wisdom of all
Master of a reasonable family,
Never try to make at home
What his industry will cost him
More than buy it “
Smith confirmed that if Britain could
Production of goods produced from wool cheaper
From Portugal
Portugal can produce
Wine cheaper than Britain,
It will therefore be mutually beneficial
Exchange of products
Which they can manufacture at a cheaper price
Which they can only manufacture
At the highest price.
The total wealth of the two countries
Will rise because of labor and capital
Will always be used optimally,
Oriented sectors
It will be skill and local opportunity
In its best form.
Government function
Was to identify sectors in them
There is national interest,
Assistance in labor force education,
But on the other hand, the reduction of tariffs
As much as possible,
And step off the road.
With amazing speed,
Smith’s theory convinced the majority of classes
Economic and political
In northwestern Europe.
In Britain, has been tested
His ideas are practical
In relation to the primary food
For the nation:
Maize
Grain prices have been, for many years,
Protected by government decrees.
The cheaper foreign cereals were kept out,
Apparently
To protect national jobs and wealth.
But Smith’s ideas
She was pushed forward by his follower
Most importantly David Ricardo,
It was suggested that all tariffs applied to imported grain
Systems of supporters of the protection policy defined
“By the laws of the atom”
Were in fact a factor in economic growth.
After sharp debates in parliament,
Laws were annulled in 1846.
The result was presented
Pros and Costs of Occurrence
For Smith’s ideas:
The price of corn fell sharply,
Food became cheaper
And all, in particular
Working class,
They have a lot of extra money
To spend on other springs,
This, in contrast
Contributed to the overall volume increase
For the British economy,
Which led to their superiority significantly
To all their European counterparts.
But – but it was great
Large British agricultural areas
I went to the wall.
Imported cheap corn, from
Canada and the United States,
A farmer was destroyed
And lifestyles have been going on for ages.
Smith’s theories were correct
And, depending on where the person stands,
Obviously painful.
The ongoing problem of sound discussions
Without a doubt support for free trade
Is that human cost
Rarely put forward
With enough passion
And creatively.
Shouts of the disadvantaged
Not recognized:
Threat to stability
And the moral dignity of the nation.
As was gradually realized,
Benefits of open economy
Can bear fruit as required
When a series of steps are taken to loosen up
Of the consequences.
Any country committed to free trade
They have to impose taxes on sectors of the economy
Which have a preference
And then spend money
To reshape those
Economic sectors
With the most serious damage
In relation to external competition.
Without such a redirection of money and employment
Will become very state
Politically unstable
Thus posing a danger
On any progress made by free trade.
Second, governments must empower
Everyone in the economic sector
From finding their own natural strengths;
Which means high levels of investment in education
And a wide range of systems to raise social mobility.
Monopolistic behavior by the wealthy
Constitutes a threat to the integrity of the free trade system
Just like import tariffs.
Logically, free trade
I won the debate without a doubt.
When Mexican workers can make a car
At eight dollars an hour,
While the American
It costs $ 58 an hour,
It is clear that it is wise to allow Mexico
What you do well,
No matter what the impact on American car workers.
However, free trade advocates
They were increasingly ignored
When it comes to founding
Important political programs
To support operations
Effective in the system.
The wrench was forgotten
Auto workers
Coal pickers and steel makers.
And in democracies
There was a price tag
To his girl for this neglect,
In the form of a new class appearance
Of mercantilines,
Who have successfully argued it
Barriers must be increased again,
That the state trying to make
Everything within its borders
To regain influence
And low-cost importers
They are in all their forms
Destroyers of local jobs.
These points are not logical,
But as long as the advocates of free trade
They failed to clearly formulate a program
To address free trade regimes,
The whole country will be lured
With easy promises for mercantilins
And thus will suffer
Until you regain wisdom
Adam Smith distinguished herself
one more time.
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