Debates on free trade versus protectionism often circle around the interests of producers versus consumers.
a. Using the example of the Corn Laws in Britain, discuss the positions of farmers, consumers, and manufacturers in this debate.
b. How might the Corn Laws case provide a framework for the evaluation of the impacts of NAFTA?
c. Assume you are a producer of low cost textile goods and trade barriers protecting the textile industry are going to be reduced. What might your advice be to management?
d. How might the adage “what you see depends on where you sit” apply to trade policy?