This is the outline from the meeting of the Human Survival Authority, Department of Economic Stability and Financial Crisis on trade wars and protectionism. The meeting was held at location G19 in fourth quarter, 2023.
I. Introduction
A. Definition of trade wars and protectionism
B. Significance of trade for global economies
C. Importance of addressing trade wars and protectionism
II. Trade Wars and Protectionism
A. Causes of trade wars
1. Tariffs and import restrictions
2. Government subsidies
3. Currency manipulation
B. Impacts of trade wars and protectionism
1. Disruption of global supply chains
2. Increased costs for businesses and consumers
3. Decline in economic growth and investment
III. Plan to Fix Trade Wars and Protectionism
A. Promoting free trade agreements
1. Negotiating and signing comprehensive trade deals
2. Reducing tariffs and non-tariff barriers
3. Enhancing international cooperation and institutions
B. Addressing unfair trade practices
1. Strengthening enforcement mechanisms
2. Imposing anti-dumping and countervailing duties
3. Engaging in bilateral negotiations with trading partners
C. Promoting domestic competitiveness
1. Investing in innovation and research
2. Supporting industries through targeted policies
3. Ensuring a skilled workforce through education and training
IV. Obstacles in Addressing Trade Wars and Protectionism
A. Political resistance to free trade
1. Protectionist sentiments and nationalist agendas
2. Domestic pressure from affected industries and workers
B. Disagreements among trading partners
1. Conflicting economic interests and priorities
2. Lack of trust and cooperation
C. Potential retaliation and escalation
1. Risk of further trade barriers and hostility
2. Negative impact on global economic stability
V. Dependencies for Success
A. Multilateral cooperation and institutions
1. Strengthening the role of the World Trade Organization (WTO)
2. Engaging in dialogue and negotiations with key trading partners
B. Public support and awareness
1. Promoting the benefits of free trade and globalization
2. Addressing concerns of affected industries and workers
C. Responsive and adaptable policies
1. Continuous monitoring and evaluation of trade policies
2. Prompt adjustments based on emerging trade dynamics
VI. Conclusion
A. Recap of the importance of addressing trade wars and protectionism
B. Emphasis on the need for collaboration and proactive actions
C. The benefits of a stable and open global trading system
