Why do Nations Trade?

Trade allows countries to use national resources more efficiently and enables
industries and workers to be more productive. Trade may even allow countries to
achieve higher living standards and keep the cost of many everyday products low.
Without international trade, most nations would be unable to feed, clothe, and house
their citizens at current levels- In fact, some types of food would become unavailable,
or obtainable only at very high prices. For example, in Brazil, where coffee beans and
sugar cane are readily available, prices on these items would remain low- However,
coffee and sugar could become luxury items in countries such as Canada

For this discussion activity, respond to the following prompts:

Choose one item that is internationally traded (other than the example presented) and
hypothesize what would happen if this item were no longer internationally traded.
Identify who has this product, describe how it is currently used, what its current benefit
is, and what happens if it is now unavailable.

 

 

Sample Solution

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