Free Trade Is A Good Idea Essay

1036 Words Sep 30th, 2016 5 Pages
The concept of free trade is like the concept of a free market, except that it is international. Free trade allows international actors within the international trade sphere to do as they please without tariffs or restrictions from the nations involved. It was intended to increase economic prosperities. Countries around the world had supported free trade for their own individual reasons. The United States had been involved with free trade since NAFTA (North American Free Trade Agreement) passed and eventually the TPP (Trans-Pacific Partnership). Since then, there have been questions on whether or not free trade was a good idea and if it still is a good idea. In the case for free trade, free trade has been argued to have contributed greatly to the US’s economic growth and the availability of jobs. Bill Powell, writer from Newsweek Global, stated that the, “U.S. lost 1.9 million jobs in the decade after [NAFTA] was ratified. Over the same period, the U.S. economy created 34 million jobs, Canada created 3 million, and Mexico 10 million” (Powell 14). The US lost jobs due to NAFTA, but in return gain even more jobs. Canada and Mexico also benefited off of NAFTA. Free trade benefited all the countries involved and their economies grew in result. Milton Ezrati, writer from National Interest, stated that this economic gain was possible because, “[a]ccess to cheaper imported inputs [had] impelled some domestic firms to expand more aggressively than they otherwise might” (Ezrati…

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