International Trade

Paper Summary:

This paper examines the pros and cons of international trade in order to determine whether increased international trade is beneficial or detrimental for our world. The paper also analyzes existing problems in international trade and their causes and then discusses how they can be overcome so that a greater cross-section of the global population can begin to benefit from increased trade.

Table of Contents:
The Pros and Cons of International Trade
Reasons Why Increased International Trade is Beneficial
Growing International Trade
Pros: Benefits of Increased International Trade
Cons: The Disadvantages
Analysis of the Arguments
What Should Be Done?
Conclusion

From the Paper:

"Unprecedented development in the communication and information technologies in the last few decades as well as the eclipse of Communism has given a great boost to international trade. Most statistics and analysis show that the countries and people involved in trade benefit and increased international trade leads to prosperity and development. However, such trade also gives rise to a number of problems such as increasing inequality and rural poverty. Most of these problems are the result of trade rules that favor large corporations and the rich, who can be overcome by making the necessary adjustments suggested in this essay."

Sample of Sources Used:

• Dollar, D. and Kraay, A. (2001). "Trade, Growth, and Poverty." Development Research Group: The World Bank. [Available online] Accessed on November 05, 2004 from http://econ.worldbank.org/files/2207_wps2615.pdf
• Moore, Richard K. (1999). "Achieving a Livable, Peaceful World." Part I - Corporate rule and global ruin. Introduction. [Available online] Accessed on November 05, 2004 from http://cyberjournal.org/cj/rkm/alpw/p1.intro.html
• Nordstrom, H. and Vaughan, S. (1999) "Trade and Environment." Special Study: World Trade Organization. [Available online] Accessed on November 05, 2004 from http://www.wto.org/english/tratop_e/envir_e/environment.pdf
• "The Rural Poverty Trap." (2004). Oxfam Briefing Paper # 59. [Available online] Accessed on November 05, 2004 from http://www.maketradefair.com/en/assets/bp59_The_Rural_Poverty_Trap.pdf
• Vogel, David. (1999). "The Case for Free Trade." Article in Encyclopedia Encarta, 2003 CD-ROM Version

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