Question

Describe some arguments against free International trade and evaluate them.

Describe some arguments against free International trade and evaluate them.

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Answer #1

Answer : Free trade means that there is no restrictions or boundaries related to trade between two countries. But there are certain argument against free trade such as :

  • Free trade has appeared than job security has been threatened.
  • Free trade has been restricted because of economic security of the country.
  • Free trade provided benefits to the advanced countries but not to backward country.
  • Free trade destroy domestic small scale industries because as foegien goods are available at cheaper rates.
  • Free trade cannot bring all round development of industries.
  • Free trade resulted in depression in an economy. A country may face economic depression , if it's international partners facing same problem.
  • Free trade change the habits of the consumer. Harmful commodity has been entered in domestic market which result in restrictions of trade.
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