Free vs Fair Trade Research Paper by geogcan

Free vs Fair Trade
An assessment of the claim that the best prospects for economic development in the 'global south' lie in the liberalisation of world trade.
# 58234 | 5,263 words | 25 sources | MLA | 2005 | GB
Published on May 03, 2005 in Economics (International) , Geography (General)

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This paper discusses trade liberalisation and its alternatives in relation to global development, particularly in the third world. It deals with both the theoretical nature of the free market, as well as its failings in the real world.

Development and Dependency
Modern Anti-Liberalism
Alternatives to Trade Liberalisation

From the Paper:

"To fully understand the concept of trade liberalisation, it is first necessary to understand its alternatives - protectionism and interventionism. Protectionism is defined as 'the actions of a government to help its country's trade or industry by taxing goods bought from other countries' (Cambridge Dictionary, 2004). The theories behind this concept are ancient and allow for domestic industries to thrive where foreign products act as a threat. It also allows for taxes to be raised and the importation of undesirable goods to be restricted. Interventionism, as well as including the use of protection tariffs, is the more complex system of intervening in industry - for example, setting quotas, and import and export restrictions."

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