gb4 - Arguments Against Free Trade As we have seen,...

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Arguments Against Free Trade As we have seen, protectionist policies benefit a few people but harm society in general. If this is the case, why do countries adopt anti-free-trade policies? Below, we will discuss some common economic and political arguments against free trade. The following are two of the most common economic arguments against free trade: 1. Protection of domestic industries: According to this argument, protectionism is needed to protect domestic industries and jobs from foreign competition. Although this argument commonly focuses on less-skilled workers, skilled workers (such as United States workers who have PhDs in math) have made this argument as well. 2. The infant industry argument: According to the infant industry argument, government intervention is needed to ensure that domestic infant industries survive in the face of foreign competition. Without government protectionism, these industries may never grow up to be competitive. This argument has some merit, but some people use it to argue for
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This note was uploaded on 02/06/2011 for the course GEB 3373 taught by Professor Crum during the Spring '10 term at University of Florida.

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gb4 - Arguments Against Free Trade As we have seen,...

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