International Trade Game Analysis

The purpose of the international trade game, performed in class, was to teach that trade is essential for many countries to survive. In certain countries, one resource may be scarce while another is of abundance. In order to balance out this dispersion of resources trade occurs between countries. This process even takes place within the countries, transactions between consumers and producers face trade offs of their supplies. Without it, each side will eventually collapse. In the international trade game, the goal was to teach that prosperity can only come to those who will trade. Each country needs what the other country has in order to succeed. It was just a matter of who was better off from the start such as the rich and middle class, and how they were willing to negotiate their resources during trade that allowed success. To run the experiment the class is divided into three groups, each a separate countries parallel to each other making them unable to intermingle with each other. The objective of each country is to generate the most money by producing the shapes that are created by us. Every shape is different and worth a different amount of money. Each country has a different set of materials that all vary in worth and quantity. With the …show more content…
International Trade shapes our everyday lives and the world we live in. Nearly every time we make a purchase or sale, we are participating in the global economy. Products and their components come to our store shelves from all over the world. International trade is the concept of two countries trading with each other to gain things that benefit their country. Normally international trade is used when both countries have a comparative advantage over one another in different products. This relates to the experiment because the middle class country had leverage with paper, while the rich countries had leverage with materials that made their shapes more