International Relations Theories, Liberalism, Supports Free Trade Essay

International Relations Theories, Liberalism, Supports Free Trade Essay

Length: 1766 words (5 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

One of international relations theories, liberalism, supports free trade. Liberals believe that free trade benefits everyone, increases efficiency, and raises productivity. A famous liberal thinker, Adam Smith, believes that free trade enhances national economic capacity through the increase of connection between countries. He believes that free trade provides states not only to play an important role in international economic affairs, for example division of labour, property and justice, but also to promote self-interests and national defence. Smith provided an argument, with his concept of absolute advantage, that two countries could benefit from trade if they specialise in the goods they produced better than their rivals and traded with each other (Smith and Cannan, 2000). In contrast, nationalist and radical critics, such as Marxists, argue that free trade can undermine national economies, create uneven development, and damage environment. These thinkers are supporters of protectionism. They believe that the protection of local production increases national welfare and that the regulation of economic life enhances state power or protect a variety of national groups from competition (O’Brien and Williams, 2013).

First, states can obtain benefits from free trade policy because of the elimination of tariffs and subsidies. Supporters of free trade advocate the elimination of tariffs and subsidies oppose regulation that force companies to pay extra for doing business in foreign markets. A main principle of free trade is non-intervention from the government. Under free trade policy, uncontrolled or unrestricted access to economy allows states to open up of all international markets, and this makes all states equal competitors ...

... middle of paper ...

...r trade is a trade agreement to focus on “fair trade” of workers and farmers, the wages, and working conditions of labour in developing markets where wages and working conditions are otherwise poor compared to their more developed counter-parts. In fair trade agreement, protectionism remains as a dominant system of protecting own farmers. However, the protectionist states can still exchange their goods and services (Rubicam, 2013). If all the states accept fair trade agreement, not free trade agreement, there would be a possibility that states can explore their businesses world more widely and find another way to develop their companies. This could create a better working condition such as non-discrimination and gender equality, a regulation of no child or forced labour, and opportunities for economically disadvantaged producers (O’Brein, and Williams, 2007).

Need Writing Help?

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

Check your paper »

Essay on Liberalism And Its Impact On Society

- Liberalism has held positions in a variety of political ideologies over the centuries. Liberalism can be traced into the 18th Century, where commoners began to push against the political arrangements in Europe. The Brits seemed to embrace liberalism and positioned the government as representatives of the people. Unlike the French who felt that it was an attack on their monarch and rule. According to Gaus, Courtland, & Schmidtz (2015), “The Fundamental Liberal Principle holds that restrictions on liberty must be justified”....   [tags: Conservatism, Liberalism, Fascism, Libertarianism]

Better Essays
913 words (2.6 pages)

Essay on Neo-Liberalism versus Classic Liberalism

- ... Moreover, no man that has the liberty to destroy himself and man should not have more than other hence encourage sharing such thing as power. For example, although people punish each other for transgressions, the offender has the right to seek forgiveness from the offended and can assist the offended to recover from the offended to make satisfaction for the harm he or she suffered. On the other hand, classic liberalism encourages the practice of individualism. For example, the essential feature of individualism from the elements provided by Christianity and the philosophy of classical antiquity was first completely developed during the Renaissance and from that time, it has grown and spr...   [tags: economic theories]

Better Essays
1206 words (3.4 pages)

The Strategic Logic Of Trade Essay

- This article, titled The Strategic Logic of Trade, talks about the importance of Trade within a specific country, and what benefits it has on the United States. Simultaneously, another point raised by the article is how American-based trade benefits to other countries of the world. According to the text and more specifically Thomas Schelling whom is quoted, “trade is what most of international relations are about. For that reason, trade policy is national security policy”. By saying this, Schelling means that an economy cannot be safe if no trades occur between countries, good relations between these formers cannot develop and maintain and sustainable relations cannot continue on the long te...   [tags: United States, International trade, Globalization]

Better Essays
1861 words (5.3 pages)

Neo-Realism and Liberalism: Comparing These Two Different Frameworks Used in International Relations

- In order for countries to cohesively overcome international barriers, frameworks of ideal political standards must be established. Two of these frameworks constantly discussed in international relations are the theories of Neo-realism and Liberalism; two theories with their own outlook at the way politicians should govern their country as well as how they should deal with others. Neo-realism lies on the structural level, emphasizing on anarchy and the balance of power as a dominant factor in order to maintain hierarchy in international affairs....   [tags: International Relations]

Better Essays
1232 words (3.5 pages)

Defining New Liberalism And The Classical Liberalist Ideology Essay

- Defining New Liberalism can be quite tricky. Some historians have preferred to privilege some aspects to comply with their vision of what it should be, rather than understanding the context and the classical Liberalist ideology they may have wanted to part with. The Home Rule Bill issue that resulted in Gladstone’s resignation was catastrophic for the party which lost a leader along with its unity of thinking. In this uncertainty a new current of thoughts had to emerge for the Liberal party not to sink into oblivion....   [tags: Liberalism, Classical liberalism, Conservatism]

Better Essays
1961 words (5.6 pages)

Classical Liberalism And Modern Liberalism Essay

- We use ideas that are hundreds of years old to run our cities, states and country governments. Modern conservatism and modern liberalism both play a major role in our current government by supporting ideologies created by philosophers of the early 17th century. I will be talking about the early ideas of both these systems and how they developed into becoming modern systems that have been integrated into Political party and political systems. In order to understand our modern liberalism we must first understand classical liberalism and where it all started....   [tags: Liberalism, Classical liberalism, Conservatism]

Better Essays
848 words (2.4 pages)

Are the Values of Liberalism Universal Essay

- This is an immensely complex questions which deserves much more time and space than can be devoted in this essay. However I will endeavor to apply the theories of a number of authors to the problem and arrive at a reasonable conclusion based upon my analysis of them. Throughout the course of the essay I will make reference to a number of authors, writing on subjects of Ethics, Philosophy and Feminism, with the intention of attempting to divine the validity to the claim of liberalism’s universality....   [tags: liberalism, universal, ]

Better Essays
2528 words (7.2 pages)

Essay about Development Of The International Trade Patterns And Theories

- The development of the international trade patterns and the theories that try to describe these patterns are analysed in this essay. With special focus on major international trade streams in each period of time, the Classical Theory, the New Trade, and Contemporary International Trade Theories are described. In the pre-World War I period the data show us that the majority of the international trade were represented by dissimilar goods traded between developed and developing countries. More precisely, home developed countries like United Kingdom or Spain who owned enough capital for manufacturing, traded with developing countries (colonies) that were rich for natural resources but lacked the...   [tags: International trade, Economics, United Kingdom]

Better Essays
1130 words (3.2 pages)

Essay on Tenets of Classic Liberalism Theory

- Political science entails many ideologies. This means that there are several perceptions that various individuals create to a given theory. As a result, there emerged two categories of people. First, there are those that subscribe to the tenets of a given theory. These are the people who belief in almost all the prescriptions of the theory. Such people find huge applicability of the theories in daily life. Then, there is another group of people that consist of the critics to the theory. In most cases, the people falling under this category tend to be against the propositions of the theory and they often provide an alternative to the theory .Overall, all theories come with both weaknesses and...   [tags: political science, liberalism, adam smith]

Better Essays
1323 words (3.8 pages)

Liberalism Essay

- Liberalism The process of industrialization in England and on the Continent created an enlargement of the middle classes, e.g. the merchants, bankers, etc. Therefore, it became increasingly difficult for the conservative landowning aristocrats and monarchs to retain their power over society. The term liberalism was first used in England in around 1819. Liberal ideas of freedom of trade, freedom of speech etc. were largely shaped by the French Revolution, as were most other political doctrines....   [tags: Papers]

Free Essays
1601 words (4.6 pages)