FANGHZOU LI U

KAREEM AMEEN
MARI ANA FRANCI SCO
ABHI SHEK YADEV
MOHAMMED PARI YA



19- 11- 2013
Pro-Free Trade
Structure
Definition of Free Trade
Adam Smith and Free Trade
Pros /Strengths
Supporting Views/Facts
Graph
Counter-arguments
Opposing Views
Bibliography

What is free trade?
The unrestricted purchase and sale of goods and
services between countries without the imposition of
constraints such as tariffs, duties and quotas.
Our team is for free trade as it is a win-win
proposition. It enables nations to focus on their core
competitive advantages, thereby maximizing
economic output and fostering income growth for
their citizens.
Strengths of free trade
Free trade enables nations to concentrate their
efforts on manufacturing products or providing
services where they have a distinct comparative
advantage according to the theory first espoused by
economist David Ricardo two centuries ago.

In Economist 1776 Adam Smith stated, "If a foreign
country can supply us with a commodity cheaper
than we ourselves can make it, better buy it of them
with some part of the produce of our own industry,
employed in a way in which we have some
advantage.

Pro-Free Trade.
Comparative advantage
Increased Production and Efficiency
Employment and Economic Growth
Foreign Exchange Gains and Decreased Poverty
Maintains world peace
Consumer Satisfaction
Lower production costs



Graph Supporting Position
Counter Arguments
Increased Competition
Increased Unemployment
Economic Underdevelopment
Product Dependency
Cultural Imperialism
Opposing Views
In the Book, Termites in the Trading System: How
preferential agreements undermine free trade. We
now have once again a world marred by
discriminatory trade, much as we had in the 1930s,
from which all sensible men and women had
recoiled.
Bibliography/Sources
Jagdish Bhagwayti ,Rebuttal Arguments, Saturday
November 23 www.theeconomist.com
Jagdish Bhagwayti, How free is free trade, July 21
2008 ,Termites In the Trading System.
Joshua Mcgee, world politics ,e-how contributor,e-
how.com