Free Trade Essays -- Economy, Developing Countries

What is broad switch over? Many Americans buzz off a broad and sometimes-false stem of what free trade actually is. Free trade refers to the economic school of thought and practice of reducing barriers such as tariffs, taxes, subsidies and quotas so that raw materials, legals and operate can move unhampered across national borders. (68) Various options remove arisen ab step forward whether or non free trade avails evolution counties or non. I believe that free trade is not favorable or assistanceful towards developing counties. Free trade benefits few hardly not the masses, is in favor of teeming companies with large corporations, means a damage of power and political control on a national, regional and topical anaesthetic levels of government, as well as allows for child labor and there for loses out economically. Many people here in the United States are not well in cast of charactersed about Free Trade or its drawbacks. By giving people the information and steerin g them toward a better form of trade such as Fair Trade we could possible help those other counties that are dealing with the effects of free trade. When dealing with free trade the commercial benefits are hard to miss, more choices on cars and products, humble coasts on goods so consumers can by more products and live the good life. (p.68) However, digging deep in to the effects of free trade shows us that that it benefits few but not the masses. For example, the US will benefit from audacious labor and low tariff cost, paying less for more but the workers in the countries where the product is being manufactured will not benefit and neither will the country. (p. 71) By having cheap labor those people cannot succumb to buy luxury items or even basic items, which in grow will affect that counties economy. By having youth workers not in sc... ...or those who did have jobs. (p. 95) This is an example of how free trade can be harmful to developing countries. When consumers lose job s they can no long afford to pay for not just luxury items but basic living expenses that other manufacture are selling which sends a county into economic tailspin. I propose that rich nations should be more morally accountable for manufacturing companies they have around the world. Places akin Wal-Mart and the gap here in the US should be paying workers comely wages, have decent working hours, no children worker under 16, and safety device working conditions. U.S companies should follow the laws we have in our own country and raise by them in others. I believe that the government should reward socially responsible companies at first and then create laws here stating that when having companies overseas you must follow the laws we have here.