Question

Why is there so much pushback against free trade policies? Why is it that there is so much opposition to trade despite the general agreement of economists that it is beneficial? Discuss the impact of special interests and voter irrationality in determining these outcomes. Do you believe that the Democratic process if efficient in reaching optimal trade policies? Explain why or why not.

Answer 1

The free trade ensure an economy with no restrictions in any kind of economic activities. Trade restrictions will affect the foreign relations and the domestic economic development. The free trade increase the access of higher quality and low price goods. This will improve the efficiency and innovations. Free trade drives competitiveness. The free trade also promote fairness. On the other hand, there are so much push backs relevant against the free trade policies. The opponents of this policy explain that, this will increase the dependence towards other country and also danger the domestic country.
The democratisation in developing countries played an important role in the formation of trade agreements. The democracy practising will help the countries to dopy apt trade policies with respect to the international competition. This will help to adopt optimal trade policy. The free trade agreement in this countries will avoid the over restriction and also impose normal tariff and import taxes. Every developing countries depend their neighbouring ad other developed country for their development programmes. The free trading methods used to improve the economic activities with other countries also.