Question

Debate: Completely free international trade is the best for the economy. Decide whether you are for or against this statement, and make three compelling arguments for your side of the debate. Be sure to refer to the international trade theories. Ensure your arguments are supported by facts and data.

Answer 1

I'm against this statement because free international trade is not best for economy as it will be leading to flooding of the international goods into the economy and there would be an exploitation of the domestic industry by the sub-standard cheap goods which are important to the economy at a lower price than the standard goods of domestic territory and it would be leading to a exploitation of the interest of the domestic producers and it would be leading to a degrading of the domestic industry because there would be lower sales for the domestic industry and higher competition for them.

I am against this statement because-

(A) sub standard quality of imports in the economy

(B) cheaper goods can also leads to exploitation of the interest of the domestic industry.

(C) outsourcing of jobs is another problem.