Free Trade and Protection
As a group, the world's economists are not known for consensus on most subjects. But they are nearly unanimous on one thing: Trade protectionism harms economic growth. Although global trends have moved toward freer trade, most countries continue to use a variety of protectionist measures, such as tariffs and import quotas, to protect domestic industries from foreign competitors. Although most economists prefer free trade, they acknowledge that protectionism benefits some players in the world economy.
Pro: Protect Domestic JobsCon: Global TensionsPro: National Security