Friday, October 18, 2019
Female genital mutilation Research Proposal Example | Topics and Well Written Essays - 1500 words - 2
Female genital mutilation - Research Proposal Example Free trade offers important benefits to improve the overall economic conditions of rich and poor countries as well as serving as an important deterrent for war. On the other hand, free trade policy does not work very effectively when the participating members do not cooperate with each other and comply with the policy accordingly. Furthermore, free trade forces some countries to depend economically on others, on essential commodities such as raw materials and food, which is very detrimental especially during the times of war. Other negative effects of free trade include cutthroat competition and dumping, among many others. Despite these impediments, this paper argues that free trade spurs globalization and international trade, which in effect brings nations together and hence preventing them from resulting into war. Globalization has emerged as one of the most important forces of change in the recent times. What started as an economic move to open the borders and allow free trade has now made inroads into other fabrics of the society. Additionally, changes are being observed at socio-political level where smaller and developing countries are transitioning towards democracy and improved economic performance. Normally, governments often impose trade restrictions such as quotas, tariffs and other barriers that make it relatively difficult for other countries to actually trade with each other. Despite this barrier, free trade has emerged from the drive towards globalization, which is sweeping across even the fundamental structures of the society. As a result of this drive towards the free trade, many nations including China and India benefits from open economies. Since developing countries are essential providers of raw material and also possess cheap labor, the overall benefit is perceived as being transferred to poor nations.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.