International trade and globalisation - Globalisation and trade restrictions (3)

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1.

Some economists argue that subsidies are an inefficient method of protection. Discuss this argument, considering the potential alternatives and the reasons why governments might still choose to use subsidies.

2.

Question 1: Discuss how changes in trade restrictions have influenced the level of globalisation in recent years. Consider specific examples to support your answer.

3.

Question 2: Assess the advantages and disadvantages of using trade restrictions to protect infant industries.