Economics – For Free Trade

REFUTATION:

Firstly, the point that you first made on how domestic industries and jobs could be threatened is completely unviable, as free trade also CREATES jobs and growth. When foreign companies enter a market, and set up a firm or factory of their own they in turn are employing your domestic workers; they are promoting growth of the market outside of what your domestic companies can offer, thus creating a more stable economy. Growth is produced as a greater variety of goods are offered to your people, increasing their standard of living. There is no threat of foreign companies entering a market, as they create more jobs while also promoting economic growth and stability.

Moreover, your view of dependency is unjustifiable as interdependency between countries is what the world is becoming, whether through trade or communication. When a country is dependent on another, it does not mean show weakness, as dependency does not go one way. That is why it is called interdependency, which is good as it creates a stronger between nations.

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Although transportation costs might be an issue, trade does not always have to be over long distances. No country in the world is so isolated that they would not be able to trade due to high transportation costs.

STATEMENT:

I will now be moving onto why free trade would be beneficial to the world economy. My statement will be split up into two arguments; 1) That competition fosters lower prices, efficiency in production, and innovation; and 2) that interdependence between nations undercuts the likelihood of war by making conflict too costly.

Barriers to ...

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