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Free Trade Essay

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Below is an essay on "Free Trade" from Anti Essays, your source for research papers, essays, and term paper examples.

Analyse the validity of the objections to free trade and critically discuss the role of international organisations in regulating trade between countries. Show how the control of trade has impacted positively or negatively on a company of your choice.

Introduction
In this globalization world business organization do not want to restrict their business in one particular country. They want to expand their business in other countries and want to be a part of global trade. To enhance this global trade and make a level playing field for foreign business organization free trade concept in invented. Free trade concept is most debated topics in economics of the 19th, 20th and 21st century. Traditionally free trade is meant the lowering and eventual elimination of barrier to trade between nations (Griswold. D 2003).     Free trade in an agreement between different countries to flow their products and goods without any go restriction. In another word Free trade is trade within and between different countries that flows without government intervention (Rugman. A & Collionson.S 2008). That means one country and import and export from other countries without any governmental restriction such as tax, duties. Adam smith develop and explain his idea of free trade in his book “Wealth of the Nation” in 1776 (Waver. J   2005). After that David Ricardo refine smith’s theory and come into a more nuanced theory of competitive advantages (Driesen. D). The concept of the free trade is very fair. According to the theory it helps to increase the worldwide production, cost should be lower and every country can trade with one.   But in actual scenario the picture is completely different. Develop countries are using the benefit of the free trade and the developing and poor countries are suffering because of the concept of free trade. Rich countries and business leader say free trade is the best way to overcome the poverty for developing countries but real example helps us to justify their...

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