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Trade: Free or Coerced? Presentation copyright ©1997, 1998, 1999 by Barry and Deborah Brownstein An Ethical Dimension Is a legal action always a moral or ethical one? Coerce: 1. To restrain or dominate by nullifying individual will 2. To compel to an act or choice 3. To enforce by force or threat Can monetary and ethical questions be separated? Does an ‘ethical’ decision conflict with your ‘best interests’? Assumptions Underlying Barriers To Trade Coercion is acceptable The market can be ‘managed’ some countries cannot compete us vs. them thinking – little understanding of specialization – little respect for connectedness – win-lose model of the economy a static, materialistic view of the world Effects of Trade Barriers By reducing specialization the standard of living is reduced by hampering the market process the economy grows at a slower rate discrimination in employment increases threatens world peace by promoting substantive law, trade barriers undermine the ‘Rule of Law’ The Tough Questions How about the displaced workers? How about other countries that have ‘unfair’ trade barriers? How about (insert your question)?