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
Other examples of industries that have responded negatively to free trade are the U. The liberal viewpoint, however, is somewhat different. The reason: imported wood is less expensive, especially from Canada. Having clarified the different perspectives of the two main political parties on the free trade issue, it is hard to determine which action would be the most advantageous. Free trade is the best way to allow for the sharing of valuable resources and technology, which in turn makes the world a better, safer, and more united place for all. America needs to become less generous, more independent, and definitely more self-sufficient. Even though our country possesses the largest supply of timber resources, the United States is the largest importer of wood products in the world. Actually, both parties have come to conclusions on this issue which would allow for positive and negative results. industries and has caused unemployment levels to skyrocket. For certain, however, the results will be global. textile, petrochemical, fishing, and auto industries. Allowing for the existence of free trade is a step forward in the right direction towards the necessary global interdependent ways of the nearing 21st Century. We need to do so in such a way that builds and matures the economies of other countries. Should we put the immediate focus on our own economy and allow it to prosper, while other poorer countries suffer from the tariffs? Or, should we do away with all taxes on imports in hope that others will follow our bold lead? Only the near future can show which was the best decision. Just visit any clothing store and you'll find that most of the apparel comes from South Korea, China, Hong Kong, Sri Lanka, and the Philippines.
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