What are the benefits and disadvantages of free international trade for the Unit
ID: 404246 • Letter: W
Question
What are the benefits and disadvantages of free international trade for the United States?data-mce-style="margin: 0px; padding: 0in; border: 1pt none windowtext; outline: 0px; font-weight: inherit; font-style: inherit; font-family: 'times new roman', serif; font-size: 12pt; color: #444444;">data-mce-style="font-family: 'lucida grande', arial, sans-serif; font-size: 13px; text-align: left;">
Examples would be helpful also. Thanks!data-mce-style="margin: 0px; padding: 0in; border: 1pt none windowtext; outline: 0px; font-weight: inherit; font-style: inherit; font-family: 'times new roman', serif; font-size: 12pt; color: #444444;">data-mce-style="font-family: 'lucida grande', arial, sans-serif; font-size: 13px; text-align: left;">
Explanation / Answer
Ans: I believe that Free trade is Good because the products of other countries will freely flow to your country so the consumers will benefit.. but it has also its disadvantages, First the people will not patronize their own local product so the manufacturers will stop producing therefore resulting to less employment, less product, and less profit so the there will be no more balance and stability. Added benefits include reducing poverty in the IIIrd world countries when they are rewarded more for the efforts to put goods on the open markets, and the reduced risk of war and violence due to spreading economic stability. People who used to have no future when competing with protected industries can now compete and win and do well for themselves, and have less cause to feel violent, and more cause to work to improve themselves.
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