Free Trade Benefits Workers in Developing Countries

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Free Trade Benefits Workers in Developing Countries

Free Trade Benefits Workers in Developing Countries
When you look around in your bedroom, you will find that many things in there are made in a different country. Your favorite sport jacket is made in Taiwan, the picture frame that holds your family’s picture is made in Mexico and the iPod you are listening to is assembled in China. All is because of free trade. Free trade is the trade of goods or services within countries without the restrictions of government. Fair trade on the other hand is an organized social movement and market-based approach to alleviating global poverty and promoting sustainability. (Wikipedia) Free trade is said to benefits both developed and undeveloped countries, but many people argue that it only profits rich and developed countries because companies in developed countries are able to reduce their production costs and their consumers can pay less for their favorite goods. However, we want to look at the other side also, which is free trade benefits undeveloped countries by opening many job opportunities, increasing people’s income which leads to better living. All is all, free trade has more positives affects then negatives in developing countries. Free trade has helped to decrease poverty levels and increased life expectancy in undeveloped countries. Low cost productions have attracted many companies from America to build factories in China, Mexico and Peru which has led to more job opportunities in these countries. The more factories, the more workers will be needed, which help bring income into the family. “In the last 30 years we’ve seen chronic hunger and the extent of child labor being halved…life expectancy going up to 64 years in developing countries… [And] the most progress is found in the countries that increased trade and contacts with the outside world.” (Norberg, 2001, p.26) Another positive affect free trade had is it has helped women in developing...
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