Define Free Trade. Is Free Trade Fair? Discuss. Essay

886 WordsMay 12, 20124 Pages
1. Define free trade. Is free trade fair? Discuss. Free trade is when a government places no restrictions on what goods and products it's citizens import and export beyond their bordering country boundries. The text explains how beneficial unrestricted free trade can be for a country's growth, stability. According to our text a country should export products that are high is resource and low cost to make in abundance while importing goods not readily available or moderately available in it's own country. This theoretically makes for a higher GDP and for corporations to make higher revenues. So, these are the supposed facts but I see things a little differently. I have no problem with free trade as exporting what you are high in and importing what you are low in makes sense. The problem lies with in the ethical means of how this is being achieved. How far are we willing to go just to save a buck or two? With the enabled NAFTA in place U.S. corporations have been moving production outside U.S. borders to save money on labor cost. The book points out how this contributes to a higher GDP in the U.S. economy, which we think the higher the better right? While a high GDP is good so is employment, if all production and laboring jobs are eradicated or nearly so what will happen? Hershey Chocolate recently made a bold move by shutting down a number of U.S. candy manufacturing plants and moving them to Mexico. What have I personally seen happen since that move? Thousands of U.S. citizens are now looking for work and some even at lower wages than they had made at Hershey. The cost of a Hershey candy products has not changed which is supposedly one of the benefits we are to see. Quality control in Mexico is less than par so are we going to see degradation in Hershey products especially where health is concerned. Free trade is fair as long as we monitor it and not

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