Free Trade vs. Isolated Economies
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*PLEASE REVIEW THE GRADING RUBRIC*
Choose One Discussion Option and answer it thoroughly.
Option 1: After completing the assigned reading and performing additional research, assess whether free trade countries grow faster than isolated economies. Provide empirical evidence to support your answer. In addition, discuss the difference between isolationist countries, open and competitive economies, and welfare states. Which of the three business and economic models, in conjunction with globalization do you believe benefits a country the most? Biblical Application: Do you think new Christian believer can grow in their walk with God faster when belonging to a Christian community or do you think that it is visible for them to walk along and still grow?
Option 2: After completing the assigned reading and performing additional research, choose either the USA, the UK, or Germany and discuss their current stance on globalization and determine which is the best approach for the country to take: isolationism, bilateralism, or neo-multilateralism. In addition, do you believe that it was economically and politically wise for the United Kingdom to exit the EU? You must provide empirical information to support your position. Biblical Application: According to recent reports, Europe’s march towards a post-Christian society has been starkly illustrated by research showing a majority of young people in a dozen countries do not follow a religion. What do you believe will happen socially within the EU nations given the decline in Christians in a number of EU nations?
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