Negatives And Negatives Of International Trade Essay

Negatives And Negatives Of International Trade Essay

Length: 786 words (2.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Positives and Negatives of International Trade

International trade is very important in the world’s economy, but are all the outcomes of this process positive? International trade can affect many economic rituals in a way that can be good, or it could cause disaster. I am going to discuss the outcomes of international trade and what positive and negatives come with this procedure.

First, I am going to start with the negatives people that have a job in big time international trading countries understand the impact it can have on them. If you live in a major trading country your jobs will increase and your income will go up, but if you live on the importing side life gets a lot harder. Jobs will decline slowing each year, so that means there will be a lot more unemployed people as well as the number of people in poverty will increase. Also, importing dangerous goods, danger in international peace, loss of smaller companies, and storage of goods are all negatives of international trade. The two topics that really stick out to me and really concern me are imports of dangerous good and loss of smaller companies. I want to start with the dangerous good, if these countries including the U.S are importing these negative goods we should not have to pay any taxes on them. Referring to Donald Trump and his view is that we should stop international trade because it is hurting our jobs, and smaller businesses. Leading to my second issue the impact on smaller businesses. Smaller companies have been around forever, so now international trade is killing them off because they don’t need them to produce anything. We are having those resources imported to us, now the people that owned the business has no production causing them to shut their b...

... middle of paper ...

...we lose those big countries that we trade with who knows what could happen? War? An article I found describes why international trade and free trade is important. “Free trade, however, is good for America, and for a very simple reason: It allows American workers to specialize in goods and services that they produce more efficiently than the rest of the world and then to exchange them for goods and services that other countries produce at higher quality and lower cost (Eiras).” This will lead to more competitiveness and more companies to push and invent something bigger, better, and faster.

Those are the negatives and positives that come with international trade, some things about it are bad and other things about it keep this nation running. There are a more positives and negatives that come with international trade, but I just wanted to describe the key factors.

Need Writing Help?

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

Check your paper »

International Trade : A Cornerstone For The Advancement Of Geopolitical Stability And International Relations

- For centuries, international trade has been a cornerstone for the advancement of geopolitical stability and international relations, but, now more than ever, the importance of free trade is rising. But what precisely is free trade, and what exactly is its purpose in the grand scheme of things. Is it necessarily a good thing, or is it actually doing more harm then good. The answers to these questions are what we need to know to make sure we truly understand the significance of free trade in this increasingly globalized world....   [tags: International trade, Globalization]

Better Essays
1535 words (4.4 pages)

Free Trade And Fair Trade Essay

- Free trade and fair trade advocates have very different ideologies and there are several different generalizations that can be made. Because of differences in political outlook, there are always debates within national legislatures. Free trade advocates are commonly conservative or libertarian who support smaller government and less regulation. This generally leads them to be disbelieving of government programs that attempt to redistribute wealth. Fair trade advocates on the other hand generally have a communitarian outlook that is more inclined to supporting government action with improving people’s quality of life (Gillikin, J)....   [tags: Fair trade, Free trade, International trade]

Better Essays
1663 words (4.8 pages)

Pros And Cons Of Free Trade Essay

- What is free trade. Trade is one of the most important features for a successful economy although trades cannot always be so great they are by affected tariffs, quotas, subsidies or prohibitions by the country’s domestic government. This is where free trade comes into place. It is trade between countries is when there is a policy of no barriers to trade between the countries. This means the policy allows for the unlimited import and export of goods between the countries. The objective is to strengthen trade and commercial ties between the countries....   [tags: International trade, Free trade]

Better Essays
823 words (2.4 pages)

Globalization : A Strong Facet Of Globalization And International Integration

- A strong facet of globalization and international integration in general is the idea behind economic vitality being spread to undeveloped parts of the world. Most striking and most intriguing about this interconnection of economies at the international level, is its function as an autonomous force. Globalization is seemingly uncontainable—as reflected in the blurring of country borders for trade purposes—even by geographic location. In other words, free trade exemplifies globalization’s ability to convert what was traditionally a very complicated or complicated process into something that occurs within seconds now....   [tags: Globalization, Economics, International trade]

Better Essays
1056 words (3 pages)

Essay on International Monetary Fund ( Imf ) / World Bank

- International Monetary Fund (IMF)/World Bank IMF is collectively called the International Financial Institutions (IFIs) and has three main activities which are surveillance, financial assistance and technical assistance. This a 187 member-countries organisation that was formed just after world war 2 in late July 1944 at Bretton Woods in Hampshire with the aim of stabilizing global economic markets (international currency market and contraction of international trade) and resuscitating economies of different countries that had been affected by world wide depression that was caused by world war 2....   [tags: Poverty, World Bank, International Monetary Fund]

Better Essays
923 words (2.6 pages)

The Positives and Negatives of Globalization Essay

- Globalization is an issue that has attracted a lot of attention globally over the past. In fact, the media plays a significant role in broadcasting information and as well discuss issues relating to globalization. For instance, the media has been abuzz with stories relating to how the political instability in Ukraine and other countries experiencing political instabilities is affecting other nations. In essence, globalization has both negative and positive consequences. This is a paper in support of the issue of globalization....   [tags: instability, social, development]

Better Essays
1613 words (4.6 pages)

Essay about Trade in China and the Success of its Economy

- Trade in China and the Success of its Economy China has come to the forefront of the international finance scene following the East Asian financial crisis for two reasons. First, the post reform Chinese economy closely resembles the other East Asian countries. China experienced significant levels of growth led by exports, with a rapid expansion in labor-intensive exports in its early stage of development. Rapid growth was accompanied by a rapid increase in domestic savings and massive inflows of foreign capital (Perkins, 1986)....   [tags: Economics China Trade Currency Money Essays]

Better Essays
4758 words (13.6 pages)

Essay on Regional Trade Agreements vs. Global Trade Liberalization

- Regional Trade Agreements vs. Global Trade Liberalization There is much debate concerning regional trade agreements and global trade liberalization. Pros and cons can be found for each trade policy. After looking at several arguments for and against regional trade agreements, it seems that overall regional trade agreements are more beneficial when compared to global trade liberalization. A regional trade agreement is “where member nations agree to impose lower barriers to trade within the group than trade with nonmember nations,” (Carbaugh, p 529)....   [tags: Nations, Economy]

Better Essays
1193 words (3.4 pages)

Essay about Impact Of Globalization On Our Lives

- Impacts of Globalization Globalization is the process of interaction and integration among people, companies, and governments of different nations via international trade and investment, as well as informational technology. Development of world views, ideas, and products have helped it to become what it is today. Throughout Kelsey Timmerman’s book Where Am I Wearing?, it is presented as a major theme. In the book, there are many positive and negative impacts of globalization that are discussed....   [tags: Globalization, International trade, World]

Better Essays
957 words (2.7 pages)

Protectionism and Free Trade in America Essay

- The argument regarding protectionism and free trade in America can be traced back to our Founding Fathers. The first significant legislation passed by the First congress in 1789 and signed into law by President Washington on July Fourth was a protectionist tariff that provided for over 90 percent of the revenues to operate the new government and encouraged the building of industries and development of family farms. In contrast, Benjamin Franklin, who understood the danger of trade restrictions said, “No nation is ever ruined by free trade.” The argument has continued throughout history and is a major issue in current politics....   [tags: essays research papers]

Better Essays
2094 words (6 pages)