The issue of unrestricted trade of goods between countries has been always a topic of interest. It is widely accept that free movement of goods across countries play an importance role in economic development, whereas others contending that it adversely affects local industries. This essay will shed light on both views before concluding my own position.
On the one hand, those who support the expansion of global free trade claim that
it damages local industries which is somewhat justifiable. To begin with, some products produced in abroad are cheaper than that of domestic ones. Therefore, domestic and foreign products will compete in price. As a result, there are more people prefer to buy cheap products from foreign country, which lead to jobless in some domestic shop. Furthermore, they contend that the extensive transportation of food, oil, and consumer goods has detrimental effects on the environment. To be more specific, these products have to be transported for a long time by sea, which would affect to water and air pollution.
On the other hand, the expansion of global free trade claim that economies grow faster. This is because the exchange of goods can not only create inter-relationships between various nations but also increase the profit of the country by generating employment for the citizens. More people would have their own jobs and sell particular products, hence, trading activities have an impact on a homey’s economy. Consumers can freely choose imported or domestic products with a variety of qualities, prices, labels, etc. Therefore, the economy will develop more because any goods must pay taxes
In conclusion, free movement of goods should be promoted for essential commodities. I think that there are a lot of benefits when exchanging products between nations, for example, job opportunities and consumer choices.