Essay about Free Trade : A Controversial Issue

Essay about Free Trade : A Controversial Issue

Length: 1074 words (3.1 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

Trading internationally, along with foreign trading policies has always been a controversial issue in America. Free trade is just as taboo if not more so. Today, the United States has made an attempt to maintain an open market of trading. Free trading greatly benefits a nation’s economy. The history of trade in The United States dates back over half a century ago. Through a substantial part of history, the United States had implemented rather extensive barriers and restrictions regarding importation, in order to better protect domestic suppliers from any serious foreign rivalry. Regardless, of Government restrictions and barriers set in place to avoid foreign competition it is healthy for our nation to have motivation and have the desire to produce to best possible products for importation.

Countries that are involved in international trade typically include various policy agreements. These countries should consider embracing free trade in order to fully benefit in many areas for their economy. There are several pros and cons to consider regarding free trade. Free trade fully removes any hassles of taxes and other government restrictions that limit international trading opportunities. Free trade vastly improves upon the economic wellbeing of all nations involved in international trading. Since free trade also allows each nation involved to specialize and create specific commodities, free trade can run efficiently and inexpensively compared to other complicated policies.

Early American Trade Policies clearly reflect what significant support the government needs to give to manufactures when it comes to trade. Early U.S. trade policies originated witin our nation, including Alexander Hamilton 's report on manufactures in the y...


... middle of paper ...


...
In the future, I believe that free trade will become a method to rebuild America." Free trade is an essential pillar of U.S. economic power and prosperity." Overall, free trade encourages America 's labor force to improve exponentially because currently other countries produce better products at lower cost. "Specialization leads to competition and innovation, providing new technologies that allow Americans to produce more goods and services, cure more diseases, pollute less, get better education, and choose from a wider range of investment options." America 's economy will be able to grow with free trade; American 's have grown a custom to a much higher standard of living. Free trade would allow citizens to and gain a greater appreciation of the privileges of living in America. Free trade policies that protect American made products will help rebuild America.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Free Trade : A Controversial Global Issue Essay

- The environmental issue is a controversial global issue, many economists believe that free trade can benefit all parties. Free trade is an important factor in the economy to help it grow. There are some economist that believes that free trade leads to environmental degradation by lowering the quality of production, leading to pollution and waste of natural resources. Proponents of trade liberalization argue that free trade actually increases the quality of the environment and help the environment through policies to preserve the environment....   [tags: World Trade Organization, International trade]

Strong Essays
702 words (2 pages)

Essay about In Support of U.S. Free Trade

- 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....   [tags: comparative advantage, imports, exports]

Strong Essays
2876 words (8.2 pages)

The Free Flow Or Trade Of Ideas Essay

- The self-righting principle, which is basically based on these two main points, "The free flow or trade of ideas serves to ensure that the public disclosure will allow truth to emerge" and the second, "Truth will emerge from public disclosure because people are inherently rational and good". (Pg. 355) Applying these two main points to society today doesn 't necessarily make it true, and I don 't believe that it would 've been that relevant back then either. It 's not to say that all people are irrational and bad....   [tags: Critical thinking, Thought, 2006 albums]

Strong Essays
1112 words (3.2 pages)

Global Trade Policy : Trans Pacific Partnership Essays

- ... TPP has been having issues for seven years and has been a controversial politic topic especially during the presidential race. TPP has been created as a democratic type of trade policy although the Democratic party has been opposed of the TPP while most of Republicans have been for the policy. President Obama promises that he will have this deal be put into action before the next president comes into power since the newly elected president Donald Trump is against the policy. According to Vanmala Subramaniam article, “Here’s why Trump hates the Trans Pacific Partnership so much”, he talks about Donald Trump’s stance is negative to TPP, saying, “His stance on trade is protectionist: he bel...   [tags: International trade, United States]

Strong Essays
1039 words (3 pages)

Essay on North American Free Trade Agreement (NAFTA)

- NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA) Brief Overview: NAFTA, The North American Free Trade Agreement, came into existence on January 1, 1994. NAFTA is essentially a free-trade agreement between the 3 North American nations of the Unites States, Canada, and Mexico. The major thought behind this treaty was to give the citizens and the companies of the North American nations many incentives to trade between themselves. The duties on U.S goods exported to Mexico were slashed by fifty percent, and other restrictions were to be detached from a lot of categories, such as motor vehicles, computers, automotive parts, and agricultural goods....   [tags: norht american nations, economy]

Strong Essays
1770 words (5.1 pages)

Impact Of Trade And Fdi On Economic Growth Essay

- Trade and FDI is said to contribute crucially and significantly to economic growth of a country. However, Trade and FDI Significance is somehow a controversial issue; since majority of the economists are in favour of free trade and encourages increase in FDI. Few studies have highlighted that the impact of trade and FDI on economic growth and conclude that FDI from advanced economies has beneficial and positive effect on economic growth (GDP) in LDC(less developed) host economies as in Pakistan....   [tags: Macroeconomics, Investment, Inflation, Economics]

Strong Essays
723 words (2.1 pages)

Essay on Controversial Kanye West

- ... It is after all of this that the hook of the song begins, a Shirley Bassey sings that lines “Diamonds are forever. They won't leave in the night, I've no fear that they might desert me” while West walks around a wealthy-looking European city, the children crowd around each other in the dark and dusty mines in which they work. From the point of view of the children, these diamonds are the only thing that is there lives and the only reason why they are living today. It is often said that diamonds are a girls best friend, however for these children it seems like diamonds are their only friends because they have lost everything else to the rebels; their families, their childhood and innocenc...   [tags: pop culture, rapper, musician, artist]

Strong Essays
1560 words (4.5 pages)

The Controversial Proposed Amendments For The Racial Discrimination Act ( 1975 )

- The controversial proposed amendments to the Racial Discrimination Act (1975) are of political and social importance. It has been asserted the changes could expose people to racial discrimination and hate speech. However it is also suggested that the amendments allow for more freedom of speech. Attorney General George Brandis sparked controversy with the proposed amendments and argument that the current legislation amounts to ‘political censorship’ (Brandis, 2014 in Griffiths, 2014). Brandis asserted that the current act restricted freedom of speech and controversially stated ‘everyone has the right to be bigot’ (Brandis, 2014 in Leslie, 2014)....   [tags: Racism, Hate speech, Freedom of speech, Rights]

Strong Essays
1110 words (3.2 pages)

International Trade and The Kyoto Protocol Essay

- International Trade and The Kyoto Protocol Pollution, specifically global warming, is of growing concern to people and governments. It is a controversial issue whose validity is still being debated by scientists. The Kyoto Protocol is an international attempt to address global warming through emissions controls. Traditional neoclassical economic models do not incorporate pollution in rudimentary theories of supply, demand, or pricing, as a result, firms do not consider pollution as a cost of production, which leaves government regulation as the primary method for controlling these externalities....   [tags: Kyoto Protocol Pollution Enivronmental Essays]

Strong Essays
2554 words (7.3 pages)

The Shortcomings of the Current International Trade System Essay

- The Shortcomings of the Current International Trade System The issue of trade has been a factor in the interrelations between nations since their conception. Throughout history there have been many different structures that encompass these trade relations. In essence, the state of trade between counties coincided with, and depended upon, their economies, social structure, willingness to trade, and their available resources (tradable products and services). Today's trade system is still formulated by these factors....   [tags: Papers]

Strong Essays
2285 words (6.5 pages)