The need for liberalization or opening of markets globally ispart of the classic

The need for liberalization or opening of markets globally ispart of the classical theory of trade and money flows; however theresults of trade liberalization are very controversial. This weekyou experienced the issues that surround the topic of internationaltrade. Based on your experiences in the You Are a Trade Expertsimulation as well as in your readings discuss whetherinternational trade liberalization overall is a good thing for theglobal economy. Explain your reasoning either way. Make sure toutilize the videos from Chapter 11 as well as the News Reviewsection to find specific real world examples to supplement yourargument. New Review section: Establishing a Truce in the MiddleEast