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Running head: TRADE DEBATE1Trade DebateNameInstitutional AffiliationTRADE DEBATE2Globalization is the process of interaction and integration among the people, companies,and governments of different nations arising from the interchange of world views whereasprotectionism is the direct opposite free trade. It involves economic policies of restraining tradebetween states through measures such as restrictive quotas, issuing of tariffs on imported goods,subsidies or taxes. Protectionism is a better strategy to assure economic security since it has awide range of benefits that are reflected directly in the countrys economy. The positive impactson the economy include shielding local workers and local industries hence leading to long-termeconomic growth and also protecting the currency (Scheve & Slaughter, 2007).Protectionism is no doubt the best shield for local workers in local industries fromcompetition from other countries which might result in low wages and loss of a lot ofemployment opportunities. Treaties signed by countries to allow free mobility of labor in regionshave had harsh implications on local workers to countries with stronger economies compared totheir partners with low-wage economies. This is seen clearly in the pact signed by 12 nationsincluding the US and other 11 nations, the Trans-pacific Partnership that was abandoned byPresident Donald Trump because it was exposing American workers to unhealthy competitionfrom workers in countri ...


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