Sample  Compare and Contrast Essay

Words 1,320


Free trade is a phenomenon that occurs when there are no artificial blockades put in place by governments to limit the flow of goods and services between trading nations. When trade barriers, such as duties and subsidies are put in place, they defend domestic producers from international competition and pass on, rather than produce trade flows. For more than two hundred years, economists have steadily supported free trade among states as the best trade policy. In spite of this academic onslaught, many practical individuals persist to view the case for free trade suspiciously, as a theoretical argument made by academic economists. This paper compares and contrasts the different pros and cons under four different heads: economic, political, socio-cultural, security reasons.

Economic Argument

Pro: Increased Productivity

Free trade allows the countries to specialize in the production of that product in which it had a comparative advantage. With specialization, countries are capable to take the lead of efficiencies produced from economies of scale and increase in output. International trade increases the size of a firm’s market, leading to lower average costs and improved productivity.

Pro: Increased Economic Development

Fixed economic gains ensuing from an optimal distribution of resources in a world distinguished by competition, and active gains, because open trade leads to investment, information, improvement, efficiency, and development. (Cobb)

Thank you for visiting and viewing our articles and sample papers. Kindly be informed that all these articles and sample papers are for marketing purposes only. The sole purpose of these articles and sample papers is just to provide our customers with an idea about our services before they place an order.

Kindly visit our order/inquiry page for further assistance.

Kindly order custom made Essays, Term Papers, Research Papers, Thesis, Dissertation, Assignment, Book Reports, Reviews, Presentations, Projects, Case Studies, Coursework, Homework, Creative Writing, Critical Thinking, on the topic by clicking on the order page.


Recent Posts

Maintaining Medical Records

Maintaining Medical Records requires the appropriate software and is essential both for the patients and…

2 months ago

Is Scientology a Religion?

Scientology is regarded the most notorious religious movement of the 20th century. The Church of…

2 months ago

Issues of Capital Punishment

Capital punishment is a contentious and controversial issue in today’s world. The main objective of…

3 months ago

Journalism Ethics and Standards

Journalism ethics and standards comprise are adhered to by journalists. This division of media ethics is commonly called by…

3 months ago

Essay: Shakespeare’s Side of the Story

Sample Essay For Shakespeare’s side of the story, facts were derived from the chronicle by…

3 months ago

Essay: Frankenstein’s Representations

Sample Essay Frankenstein’s representations in movies are however more distorted than the original owner’s intention.…

3 months ago