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Dramatic instrumental [narrator] great decisions is produced by the Foreign Policy association. In association with thomson reuters. Funding for great decisions is provided by pricewaterhousecoopers llp. [narrator] everywhere around us are signs of international trade. The basic idea of trade as economists have understood it now for two centuries is that trade expands the pie, it makes the economy more efficient, it directs resources to comparative advantages as economists say. But it also changes the income distribution. Weve come through this very long period in which the United States went ...

Dramatic instrumental [narrator] great decisions is produced by the Foreign Policy association. In association with thomson reuters. Funding for great decisions is provided by pricewaterhousecoopers llp. [narrator] everywhere around us are signs of international trade. The basic idea of trade as economists have understood it now for two centuries is that trade expands the pie, it makes the economy more efficient, it directs resources to comparative advantages as economists say. But it also changes the income distribution. Weve come through this very long period in which the United States went ...

Democratic values while backing it up with military might, has been the dominant strategy since World War Two. But with renewed russian aggression, and a rising china, is it showing signs of strain . Pax americana, the american peace, next on great decisions. energetic music [narrator] great decisions is produced by the Foreign Policy association in association with thompson reuters. Funding for great decisions is provided by Price Waterhouse coopers llp. dramatic music [narrator] World History is marked by the rise and fall of empires. Some remembered as periods of stability and progress, oth...

Democratic values while backing it up with military might, has been the dominant strategy since World War Two. But with renewed russian aggression, and a rising china, is it showing signs of strain . Pax americana, the american peace, next on great decisions. energetic music [narrator] great decisions is produced by the Foreign Policy association in association with thompson reuters. Funding for great decisions is provided by Price Waterhouse coopers llp. dramatic music [narrator] World History is marked by the rise and fall of empires. Some remembered as periods of stability and progress, oth...

[narrator] great decisions is produced by the Foreign Policy association. In association with thomson reuters. Funding for great decisions is provided by pricewaterhousecoopers llp. [narrator] everywhere around us are signs of international trade. The basic idea of trade as economists have understood it now for two centuries is that trade expands the pie, it makes the economy more efficient, it directs resources to comparative advantages as economists say. But it also changes the income distribution. Weve come through this very long period in which the United States went from being a relativel...