Free Trade?

A detailed Summary of Free Trade?


In an economic age in which speedy transactions of imports and exports are essential, is free trade a necessity for aiding worldwide economic development? At least John F. Kennedy thought so, he being the initiator of removing tariffs and other limitations on U.S. imports. His hypothesis was that by doing that, other nations would follow America's example and leadership. However, that never happened because the other nations were more concerned with their own problems. Even today, the United States continues to support free trade, an example being NAFTA (North America Free Trade Agreement). The problem is that America's generosity has caused the foreign industry to take over the U.S. marketplace. This unfortunately has resulted in high unemployment rates just because consumers and firms can purchase foreign goods for a little less than domestic products. But with this country's abundant resources, is free trade really necessary?

>From a conservative viewpoint, the only remedy to decrease unemployment an


d stimulate our own economic growth is to abandon the free trade policy and raise tariffs. Free trade has only crippled the American work force, increased poverty, and added to our national debt. If the liberals in Washington D.C. need proof, look at the figures: today there are about 10 million unemployed citizens and 35 million Americans are living in poverty because of free trade. It's obvious that the foreign industry is taking advantage of us. Just visit any clothing store and you'll find that most of the apparel comes from

The liberal viewpoint, however, is somewhat different. In a world of ever-increasing global economic interdependence, the United States should accept the responsibility of leadership towards the approaching 21st Century by promoting free trade. We need to do so in such a way that builds and matures the economies of other countries. As technology continues to advance in areas such as computers, medicine, and communication, we need to prioritize the spreading of these advancements

Some common words found in the essay are:
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Approximate Word count = 681
Approximate Pages = 3 (250 words per page double spaced)

Category: Politics

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