Free Trade: Most Controversial Subject Of Modern Time
Hiyasmin Guy Yoche
Peter Zollo
English 100
September 10, 2012
Free Trade
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 …show more content…
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 …show more content…
People gain new ideas and alternatives on how they would want to live their life. According to Norberg , "All goods, ideas, and people that cross borders under globalization allow people to see more alternatives, to see other ways of living"(Sachs 81). Adapting the ideas, consuming products, and absorbing the influences that people see in other countries could affect the living in poor countries. Johan Norberg further states, "When women and other oppressed groups in poor countries see how their counterparts in Western societies are treated, they begin to have ideas about how they want to be treated" (Sachs 81). For example, in Bangladesh, a country that was on extreme poverty, has managed to achieved economic growth with some development assistance, and as a result citizens are more inspired to strive harder and to dream higher. Many new opportunities are opened up, especially for women, such as choosing when to bear children thus reducing the rates of child mortality. As Sachs points out, "With fewer children, a poor household can invest more in the health and education of each child, thereby equipping the next generation with the health, nutrition, and education that can lift Bangladesh's living standards in future years" (Sachs 112). However, in order for a developing country to attain these benefits, it would mainly depend on how productive a
Peter Zollo
English 100
September 10, 2012
Free Trade
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 …show more content…
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 …show more content…
People gain new ideas and alternatives on how they would want to live their life. According to Norberg , "All goods, ideas, and people that cross borders under globalization allow people to see more alternatives, to see other ways of living"(Sachs 81). Adapting the ideas, consuming products, and absorbing the influences that people see in other countries could affect the living in poor countries. Johan Norberg further states, "When women and other oppressed groups in poor countries see how their counterparts in Western societies are treated, they begin to have ideas about how they want to be treated" (Sachs 81). For example, in Bangladesh, a country that was on extreme poverty, has managed to achieved economic growth with some development assistance, and as a result citizens are more inspired to strive harder and to dream higher. Many new opportunities are opened up, especially for women, such as choosing when to bear children thus reducing the rates of child mortality. As Sachs points out, "With fewer children, a poor household can invest more in the health and education of each child, thereby equipping the next generation with the health, nutrition, and education that can lift Bangladesh's living standards in future years" (Sachs 112). However, in order for a developing country to attain these benefits, it would mainly depend on how productive a