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The paper discusses how free trade tends to benefit those who are already wealthy and in many cases threatens to increase income disparity in developing and wealthy countries. The paper notes benefits of free trade but discusses how workers lose in the short run by the reduced dependence on local economies, the shifting labor pools to large multinational corporations and the low wage rate paid to workers in developing nations. The paper concludes that free trade and the global market economy can benefit individuals, their communities and whole regions of the world if there is a more ethical environment where small business growth and development is encouraged and the plight of women is improved.
Sample of Sources Used:
- "Free Trade, Growth, and Convergence." Retrieved Feb 24, 2008 from http://www.nber.org/digest/jan98/w6095.html
- World Trade Organization (WTO) (2000). "Free trade helps reduce poverty, says new WTO secretariat study." Press Release. Retrieved Feb 24, 2008 from http://www.wto.org/english/news_e/pres00_e/pr181_e.htm
Cite this Persuasive Essay:
Free Trade (2009, January 02) Retrieved April 11, 2021, from https://www.academon.com/persuasive-essay/free-trade-110944/
"Free Trade" 02 January 2009. Web. 11 April. 2021. <https://www.academon.com/persuasive-essay/free-trade-110944/>