28. International Trade and Efficiency

This video introduces the economics of free trade as an application of the efficiency criterion (maximizing total surplus). Along the way, I demonstrate that although the efficient policy is to liberalize trade, free trade always creates losses for some domestic stakeholders. As it creates losses, there will always be an interest group who is politically opposed to any particular trade policy.

British Chamber Awards 2010 Winner - Chamber Award for Excellence in International Trade Services

British Chamber Awards 2010 - Chamber Award WINNER for Excellence in International Trade Services - produced by www.pro-mo.tv

TVS-E ECR @ India's International Trade Fair, New Delhi

TVS-E ECR at India's International Trade Fair, Pragati Maidan, New Delhi