Difference between revisions of "Free trade"
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Free trade is a term meaning unregulated trade between nations without [[tariffs]] or quotas placed on the goods exchanged. | Free trade is a term meaning unregulated trade between nations without [[tariffs]] or quotas placed on the goods exchanged. | ||
| − | Free trade is controversial because it can have undesired side effects, such as the use by a nation of slave-labor or building | + | Free trade is controversial because it can have undesired side effects, such as a massive loss of manufacturing jobs by the wealthier trading partner though a mechanism known as "offshoring" those jobs to a trading partner having cheaper labor. |
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| + | Free trade also raises moral issues, such as the use by a nation of slave-labor or building military weapons to be used against other nations. In addition, free trade can increase the importation of undesired, concealed illegal [[drugs]]. | ||
[[Category:Politics]] | [[Category:Politics]] | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 05:38, March 30, 2007
Free trade is a term meaning unregulated trade between nations without tariffs or quotas placed on the goods exchanged.
Free trade is controversial because it can have undesired side effects, such as a massive loss of manufacturing jobs by the wealthier trading partner though a mechanism known as "offshoring" those jobs to a trading partner having cheaper labor.
Free trade also raises moral issues, such as the use by a nation of slave-labor or building military weapons to be used against other nations. In addition, free trade can increase the importation of undesired, concealed illegal drugs.