Opinion
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Lab
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Gender
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Female
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2 comments
Free Trade is the idea that countries should be able to trade with one another with minimal restrictions. As it is, international trade involves complicated taxes and limitations. When people argue for free trade, they are usually advocating for the easing of current regulations.
A central part of [the free trade model] (https://www.ecnmy.org/learn/your-world/globalization/what-is-free-trade/) is the concept of 'comparative advantage'. This means that different countries should specialise in the production of different goods — which can then be traded for the specialised goods of other countries. It's a model of commercial international inter reliance.
Pros of Free Trade:
Cons of Free Trade:
Free trade creates jobs
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