![]() ![]() I collected data for 10 games where trade was allowed and 10 games where it was forbidden, attempting to identify an empirical contrast between the two versions. I isolated trade as a variable and looked at what effect the frequency and magnitude of trade had on resource and point accumulation within the game. To answer this question I conducted an experiment using the board game, The Settlers of Catan, as an economic model. But in the debate over trade which economic policy is actually best? ![]() Critics argue that protectionism helps protect developing markets and industries and prevents unfair competition. Adam Smith’s ideas on the foundations of capitalism assert that open market policies lead to global economic growth, and conversely that protectionist measures stunt growth and inflate prices. Free trade has long been hailed as the world’s answer to increased competitiveness, greater overall wealth and a higher standard of living. ![]()
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June 2023
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