September 10, 2012
Free trade has become one of the most controversial subjects of modern times. Though despite its challenges, the positive role it has been playing in the lives of millions of people around the world is commendable. It gives us access to new foods, products and experiences, and creates economic opportunity and markets. Free trade also allows countries to specialize in the production of goods that they have a comparative advantage and trading them for goods in which they have a comparative disadvantage. When countries engage in such trade, they can have more of both goods, which is a good deal. It also make the world a better place because more places will be able to enter the global market with their unique goods. With free trade, a developing country could lead to a progression that will help them strengthen their economy, gain personal liberation, and improve their quality of life.
Free trade helps poorer countries strengthen their economy by giving them easy access to credit and technology which includes market information and in many cases outright subsidies. First world has more experience in managing the economy. In Nick Gillespie article, Johan Norberg states,
"When unions, when protectionist, when uncompetitive corporations in the U.S. say that we shouldn't buy from countries like Vietnam because of its labor standards, they've got it all wrong". They're saying "Look, you are too poor to trade with us." And that means we won't trade with you. We won't buy your goods until you're as rich as we are. That's totally backwards. These countries won't get rich without being able to export goods... "(Gillespie 83).
It is undeniable that sweatshops still are facing major issues and that we must fix it to improve developing countries economy even more, however it is also the first key/step to development. As Jeffrey Sachs states, "Virtually every poor country that has...