Join / Sign In
< Back to questions :: Q&A / Trade Associations / Beauty Supplies

Free Trade Arguments

Trade Associations
Beauty Supplies
From Austria
To Argentina
25 views / 0 experts
Jasmine G.
Not rated
Sep 07, 2020
What are the basic arguments in favor of free trade?

1 answer

You don't have permission to adding answer or comment.
Please register or login for doing this.
David W.
Not rated
Sep 07, 2020

By insulating domestic producers from foreign competition protectionism discourages modernization and improvement. Domestic consumers are also forced to pay higher prices since the price of foreign imports that might bring down retail prices are artificially elevated by government intervention. Also, protectionism invites retaliation from other nations. A protectionist measure that benefits one domestic industry might trigger a retaliatory measure injuring a different, more vulnerable industry.

read more
No comm.

Top Rated Experts

Ashwin Kamath
Ashwin K.
Robert Lockett
Robert L.
Stephanie Duong
Stephanie D.
This website uses cookies. By using this website, you consent to our use of these cookies