WINNERS of the Song & Lyrics competition!!

First prize winner: Germaine, Desiree, Stephanie, Pamela and Kwan Wei..
thanks to all who put in the effort

Love trade ~~ Love Story by Taylor Swift

We were both young when we first traded
I produced ipods
And you produced tyres
We were happy,
On the wave of globalization...

See the money,
See the volume of goods,
I see our economies prospering,
Our GDP is rising, little did I know

That this was due to comparative advantages
Mine was capital and yours labour intensive
Differences in opportunity costs
Gave us our respective strengths, and I said

Thank you for traing with me, making me wealthier
Giving more consumption possibilities,
Beyond my PPC, and beyond your PPC,
It's a FTA, baby just say yes

So we catered to a larger market,
Reaping EOS from our larger output,
Costs are lower,
MAking my firms really happy

I helped expose you to modern technology,
Letting you import modern equipment,
You had higher productivity
Due to transmission of expertise, and you said,

Thank you for traing with me, making me wealthier
Giving more consumption possibilities,
Beyond my PPC, and beyond your PPC,
It's a FTA, baby just say yes

Oh oh

Thank you for signing a FTA with me
Without this my BOT would be in deficit,
Dont be afraid we are doing this right,
It's a FTA, baby just say yes

One day it went downhill,
The value of exports was way higher than imports
Our GDP was rising too fast,
I got afraid for our economy, and I said,

Somebody help me, I think we're facing inflation,
Our AD is rising and our Supply is stagnant,
Prices keep rising and they dont seem to stop,
It seems like a nightmare, but it's reality.

With inocme inequality,
It seems like a horror movie,
I need to consider protectionsim,
Hopefully it's not too late to implement tariffs,
I'm retracting all the FTAs, baby let's do this!

oh,oh,oh,oh,
Cause we were both young,when we first traded...