What are some positive and negative consequences of trade? Related to trade, what are the main principles of economic liberalism and mercantilism?

1. What are some positive and negative consequences of trade? Related to trade, what are the main principles of economic liberalism and mercantilism? Please, discuss.
2. According to Snarrs, what are some aspects of the values dilemma? Also, what are some foreign policy considerations related to trade? Please, discuss.
Textbook is Globalization and Trade (Snarr & Snarr—Ch. 6) & Global Poverty and Inequality (Snarr & Snarr – Ch. 8)
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