Pros And Cons Of Free Trade

835 Words4 Pages
I. Introduction In the middle of current globalization, the constant technology changes and developments enable companies, human resources, capitals, and the technologies themselves to reach any part of the world effortlessly in no time. Even nowadays, products are barely produced in just one place. Instead, they are created through many steps from which each of them may take place in different region or country. Therefore, to endure such vast transformation, a country has to apply a strategy so that its economy may be vibrant, viable, and visible. As the economy activity; includes production, distribution, trade, etcetera, no longer happens within a region only but across many tangled corporations and countries, free trade has emerged as one of the prominent options for countries to join the competition. However, just like any other options, free trade also has its ‘good’ and ‘bad’ sides which depend on the characteristics of the countries. To put it in an analogy, you may put a water lily in a full-water container to make it blossoms yet if you apply the same treatment to a cactus, the cactus will turn out to be dying because basically those two plants have different characteristics and distinctive treatments. And as free trade can possibly bring more harms than good to a certain…show more content…
Though this concept of free trade is often considered to be a policy which is profitable for certain countries only (especially super power countries) and therefore results to inequality among states, free trade is still no other than today’s eminent policy among states. The implementation of this trade liberalization can be seen from how intense the works of World Trade Organization (WTO) towards the world and its global economic life
Open Document