Free Trade

Free Trade - Harjit Kaur Instructor Pete Howard English 101...

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Harjit Kaur Instructor Pete Howard English 101 10/10/08 Effects of Free Trade Free trade is the idea of the entire global economy, in which the participating countries would benefit from not having tariffs, or with laws regulating trade. One famous man said this about free trade, “Free trade. Is one word, for exploitation, veiled by religious and political illusions, it has substituted naked, shameless, direct, brutal exploitation”. Free trade, sounds like an excellent way to balance the wealth, but as with every good thing in this world, it comes with a catch. Wealthier countries, have to sacrifice jobs, wages, and sometimes safety to bring the developing countries up economically, but at the same time corporations become more powerful at the powerful at the expense of its citizens Free trade in the United States has been going on in this country for centuries with limitations, but in the last decade it has began to expand globally. Since the start of the global free trade the United States has gone from being the world’s largest creditor to be its largest debtor. This country has ended up with trillions of dollars in debt, which leads
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This note was uploaded on 10/04/2010 for the course OT 450 taught by Professor Smith during the Spring '10 term at SUNY Buffalo.

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Free Trade - Harjit Kaur Instructor Pete Howard English 101...

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