How to Enrich a Country: Free Trade or Protectionism?

What is the best way to make a country rich? Should you adopt a policy of free trade? Or is protectionism and economic nationalism the better way? We explore the history and theory of one of the central questions of economics and politics. If you like our films, take a look at our shop (we ship worldwide): Join our mailing list: Or visit us in person at our London HQ FURTHER READING “One of the most pressing choices facing modern economies is whether to adopt a policy of free trade or of protectionism, that is, whether to encourage foreign goods into the country with minimum tariffs and allow industries to relocate abroad; or whether to make it hard for foreign firms to sell their goods internally and discourage domestic producers tempted by cheaper wages in other lands…” You can read more on this and other subjects on our blog, here: MORE SCHOOL OF LIFE Our website has classes, articles and products to help you think and grow: Watch more films on CAPITALISM in our playlist: Do you speak a different language to English? Did you know you can submit Subtitles on all of our videos on YouTube? For instructions how to do this click here: SOCIAL MEDIA Feel free to follow us at the links below: Facebook: Twitter: Instagram: CREDITS Produced in collaboration with: Mike Booth #TheSchoolOfLife