The Pros And Cons Of Free Trade And The Economy

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There are many controversies surrounding free trade, especially because there are no regulations in free trade. Yet by many economist free trade is very helpful for the economy, and to prove it there are many countries now that have benefited from adopting free trade ideas. The United States is one of several countries that has adopted free trade and has truly seen a growth in their economy because of it. The United States has now made many trade agreements that has highly influenced their economy. Many of these agreements have caused many controversial topics that arose globally. What are the factors that the U.S. and economist everywhere see in free trade to say that the positives of free trade outweigh the negatives?
Free trade is based
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There are many disadvantages to free trade concerning jobs, developing countries, and fair trade. One major argument that is often made about the negatives of free trade is that although free trade can help create more job opportunities it can also cause job outsourcing. Since there are low tariffs on imports, those countries can hire more workers but what about the other country. If that country cannot compete with the foreign country, then they will have to decrease the amount of workers they hire. With free trade, many jobs can get relocated to countries that offer cheaper labor. This is a concern of free trade because this can lead to child labor or even detrimental working environment …show more content…
With free trade, countries can set their own standards but that can make it difficult to see how much something is worth. There is not a fixed standard of price measurement so, one country might set wheat at a higher standard than apples, but another country might think the opposite (“Free Trade”). There are several arguments on how free trade is not completely fair. One way that it may be not fair is that since countries do not always have protection, many ideas can be stolen by other countries that can develop it for cheaper. This is highly unfair because now the country with the original idea has to compete with countries that have created copycats and knockoffs of the same idea (Amadeo). There are many arguments surrounding free trade because of the various types and amount of advantages and disadvantages to having free trade. A few countries believe that it is best to have regulated trade, but for the United States, this is not the case but rather embrace free trade (“Free Trade”). Free trade has boosted the United States economy dramatically, and has allowed them to be one of the biggest contenders in the market. The United States has played a major role in some very impactful trade agreements (Wells, Robin

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