Week 2 Assignment BUS357 - 1 The Free Trade and Government Regulations paper Echo Kendall BUS357 International Business Instructor Kyle Gunther

Week 2 Assignment BUS357 - 1 The Free Trade and...

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1 The Free Trade and Government Regulations paper Echo Kendall BUS357 International Business Instructor Kyle Gunther December 9th, 2019
2 Free trade is a policy on trade that does not put restrictions on imports or exports. It can be explained as the idea of free market when applied to international trade (WIKIPEDIA). Because free trade means that when one is importing goods, there should be no restrictions. The same also applies to those importing. You will find that this does not happen in some countries. Tariffs are imposed to imports and at the same time when exporting subsidies applies. Therefore, free trade applies to some governments and not others. For free trade to apply, specific nations negotiate and reduce trade barriers otherwise it does not apply to all nations. Some of the pros and cons of free trade are economic growth, reduced government spending, attraction of foreign investment, new technology, domesticating industries, working conditions, loss of resources, and revenue reduction. According to the article Increasing benefits

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