Global Free Trade

Paper Summary:

Examines the idea that corporate-led free trade promotes peace among nations. Motivations of free trade including political and corporate interests. Issue of Foreign Direct Investment (FDI) as an extension of monopolistic exploitation. Resistance to the Multinational Agreement on Investment (MAI). Examples of NAFTA and the EEC. Argues that ending armed conflict and international peace must precede free trade.

From the Paper:

"FREE TRADE & INTERNATIONAL PEACE

Proponents of global free trade, especially corporate-led free trade, promote the idea that free trade among nations leads to peace among nations (Sirico, 1998). The proponents of such global free trade base their arguments on rather simplistic reasoning such as the following proposition:

Western Europe was rife with tariffs and other trade barriers from 1890 through 1915, and this situation led to the debacle of the First World War. In contrast, the major nations of Western Europe created the free trade European Economic Community in the late-1950s and Western Europe has been free of armed conflict since that time.
What such reasoning fails to consider is that the argument places the ..."

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