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Essay On Free Trade

762 Words4 Pages

Free trade is a very important component of ensuring that their citizens have enough economic resources or consumer goods for meeting various needs or wants. It is essential because it increases the amount of trades in and out of the country, and allows economic growth of a country. Free trade has created opportunities for various parts of economy to gain access to larger pools of resources and markets. When free trade in implemented in a country, more export and import would occur. Hence, the government needs to ensure that there is available fertile land for the plantation of cocoa trees so that the rate of production is able to cope with the implementation of free trade. While this may be perceived to benefit all stakeholders, there are also indications that globalisation may, in some cases, have accentuated poverty and worsened …show more content…

We will be discussing the effectiveness of the measures taken to increase inclusivity by the governments and cocoa companies on the inclusivity of benefits of free trade.

It is ultimately beneficial for a nation-state to engage in free trade when the government implements effective measures to promote inclusivity between all stakeholders.
When a nation-state is politically stable, the government can focus on long-term needs of the country, and thus can place more emphasis on farmers’ well-being. The government will then put in measures to benefit farmers and children such as raising the farmers’ income and alleviating child labour, enabling benefits of trade to be more inclusive. By raising their incomes, the farmers’ financial situation will improve, reducing the income inequality between lower and higher social status. Such measures will also attract global trade partners and thus will promote greater participation in

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