Free Trade Movement

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EblnyErory

Economics

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The entire assignment requirements are in both pictures uploaded below. Researching the pros and cons of free trade. Considering the prospectives of both advocates and critics. Do the benefits of free trade outweigh the drawbacks?

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Running head: THE PROS AND CONS OF FREE TRADE

The Pros and Cons of Free trade
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The Pros and Cons of Free trade

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What is Free Trade? The free trade movement and mainstream media have for decades
propagated the notion that free trade is a win-win proposition. According to the movement, free
trade is merely a trading system that allows countries to exchange goods and services without the
constraints of quotas, duties, and tariffs. All this, while enabling the participants to focus on their
core competitive advantage thereby maximizing their economic output and fostering income
growth for their citizens (Heing, 2018). But critics argue that a close examination of the concept
of free trade and its impacts reveals a rather satirical image where the oligarchs and the elites of
our society plunder the benefits at the expense of the citizens. This paper examines the pros and
cons of free trade in an attempt to determine whether one outweighs the other.
Cons
Above else, critics use the matter of labor outsourcing as the source of justification for
their attack on free trade. With it, they paint a picture of plunder, where the business and the
governing elite continue to line their pockets with cash and influence public policies to favor
them at the expense of the majority. To the critics, free trade is the lane upon which the...


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