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In Support of U.S. Free Trade

analytical Essay
2876 words
2876 words
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Intro:
Free trade provides opportunity, it provides growth, and it provides struggling nations a chance. With free trade, markets open across national borders and the consumer ultimately benefits from higher quality goods at fair market prices. The producers of such goods now have larger markets to sell to allowing for the opportunity at increased sales, giving the consumer a greater variety of goods that can more individually meet specific demands. Free trade implementation to the United States foreign policy is a developing and revolutionary mindset that will bring prosperity to all parties involved. The United States will benefit from free trade because the market to purchase U.S. made goods and services will increase dramatically in size, thus increasing trade revenues. By doing so, the U.S. can specialize the production of such goods and services in which they maintain a comparative advantage in, while importing products from other nations at a more cost-effective price for the benefit of the consumer.
As of late, the debate of free trade has plagued U.S. foreign policy and caused many to question its overall successfulness however, the benefits of free trade severely outweigh the losses. Free trade builds economies, balances power, and can ultimately decrease trade deficit.
While the U.S. is still developing its foreign policy to adopt the concept of free trade, recent free trade agreements can justify the necessity for such policies. An example of such benefits is the comparison of Bahrain to the United States. By size, Bahrain is only a blip on the map compared to the U.S., its GDP is insignificant, and its population size is but a mere fraction. However, from 2005 to 2011 U.S. exports to Bahrain grew by 246% t...

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...Free Trade – A Guide for PolicyMakers.” The Heritage Foundation. Web. 28 Oct. 2013
6. CATO Institute “Free Trade Benefits All,” by Marian L. Tupy, 2006, Washington Post. Web 28 Oct. 2013
7. "Conflicting Views on Globalization." Washington Post. The Washington Post, 28 Jan. 2011. Web. 28 Oct. 2013.
8. "Poll: Support For Free Trade On The Rise," by Kevin Hechtkopf Apr. 07, 2009. CBSNews. CBS Interactive. Web. 28 Oct. 2013.
9. "Role of Jobs, Outsourcing and Trade in Select Critical 2012 Contests." by Wilner, Elizabeth. 13 Nov. 2012. Kantar Media Group (n.d.): n. pag. Web. 28 Oct. 2013.
10. "Reaching 95% of the World's Consumers." by Hackbarth, Sean. 16 May. 2012. U.S. Chamber of Commerce. Free Enterprise. Web. 28 Oct. 2013.
11. "Trade Agreements and Jobs." Office of the United States Trade Representative. Executive Office of the President, Oct. 2011. Web. 28 Oct. 2013.

In this essay, the author

  • Compares bahrain to the u.s. by size, gdp, and population size. the bahrain/us fta exemplifies how free trade is not one nation taking advantage of the services of another, but two nations working in harmony to specialize industries.
  • Explains that free trade has become one of the largest and most controversial topics in american foreign policy due to domestic concerns of a dwindling job market and stagnant unemployment rates.
  • Argues that economic decisions cannot be made by policy makers without hard numbers; there needs to be facts behind the arguments.
  • Explains that the north american free trade agreement (nafta) is the world's largest free trade agreement by area, linking 450 million people and $19.24 trillion in goods and services produced by the three countries.
  • Explains that free trade agreements allow businesses to produce domestically and export to customers in other countries at the same cost as their larger competitors.
  • Explains that free trade fosters economic freedom and improves the overall standard of living regardless of socioeconomic class.
  • Opines that the positive societal perception of free trade is vital in order to gain widespread support.
  • Explains that innovation is fostered through competition, which benefits both the producer and the consumer. america is a unique nation in that most demanded goods are readily available and easy to acquire.
  • Opines that the liberalization of trade and the pursuit of free trade agreements promote the rule of law.
  • Opines that free trade is a concept that will gain support as the general public becomes more aware of the benefits it has already brought the nation.
  • Describes the benefits of u.s. free trade agreements.
  • Explains the economic benefits of nafta to the united states and mexico | ncpa.
  • Describes the benefits of free trade — a guide for policymakers. the heritage foundation.
  • Explains the cato institute's article, "free trade benefits all," by marian l. tupy, washington post.
  • Analyzes the washington post's "conflicting views on globalization."
  • Analyzes the article, "poll: support for free trade on the rise," by kevin hechtkopf. cbs interactive.
  • Analyzes the role of jobs, outsourcing and trade in select critical 2012 contests.
  • Cites hackbarth, sean, "reaching 95% of the world's consumers." u.s. chamber of commerce. free enterprise.
  • Explains that "trade agreements and jobs." office of the united states trade representative.
  • Explains that free trade provides opportunity, growth, and provides struggling nations a chance. the united states will benefit because the market to purchase u.s. made goods and services will increase dramatically in size, increasing trade revenues.
  • Argues that both parties agree on the need for trade reform, but the disconnect lies in the proper strategy to execute that will be of greatest value to the american people.
  • Explains that the u.s. buys products from foreign countries, benefiting the economies of those countries through purchases made by american consumers.
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