Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is one of the adverse effects of global protectionism mentioned in the text?
What is one of the adverse effects of global protectionism mentioned in the text?
- Rise of China in world trade
- Increased trade openness rate
- Multilateral negotiations at a standstill
- Risk of 'tariff jumping' (correct)
What is the 'China shock' referred to in the text?
What is the 'China shock' referred to in the text?
- Lack of domestic substitutes due to protectionism
- Costly policy for households
- Effect on employment and wages in the US from 2000-2015 (correct)
- Rise of China in world trade
What is one of the criticisms of global protectionism mentioned in the text?
What is one of the criticisms of global protectionism mentioned in the text?
- Lack of multilateral negotiations
- Constant trade openness rate
- Rise of China in world trade
- Retaliation based on game theory (correct)
What is the current status of multilateral negotiations according to the text?
What is the current status of multilateral negotiations according to the text?
Signup and view all the answers
What does Mundell's theorem (1957) relate to in the context of global protectionism?
What does Mundell's theorem (1957) relate to in the context of global protectionism?
Signup and view all the answers
What is the 'China shock' referred to in the text?
What is the 'China shock' referred to in the text?
Signup and view all the answers
What is one of the adverse effects of global protectionism mentioned in the text?
What is one of the adverse effects of global protectionism mentioned in the text?
Signup and view all the answers
What does Mundell's theorem (1957) relate to in the context of global protectionism?
What does Mundell's theorem (1957) relate to in the context of global protectionism?
Signup and view all the answers
What is the current status of multilateral negotiations according to the text?
What is the current status of multilateral negotiations according to the text?
Signup and view all the answers
What is one of the criticisms of global protectionism mentioned in the text?
What is one of the criticisms of global protectionism mentioned in the text?
Signup and view all the answers
