450+ experts on 30 subjects ready to help you just now
Starting from 3 hours delivery
Remember! This is just a sample.
You can get your custom paper by one of our expert writers.Get custom essay
121 writers online
Reduction of tariffs on imports allows foreign industries to expand to other countries. Application of outsourcing sometime causes unemployment problem in the domestic economy. Multi-national companies may outsource jobs to emerging market countries without adequate labor protections. It means that the smaller economy may suffers more by FTAs.
Law for the protection of new inventions and development are not available in many countries or the laws they do have are not always strictly enforced. As a result, the valuable invention and ideas may be stolen.
If foreign goods are imported freely, the domestic industries of the developing countries would not be able to develop rapidly due to the superior strength of foreign industries. In many under developed countries the largest sector of employment is agriculture sector. These small family farms can’t compete with subsidized agri-businesses in the developed countries. As a result, they lose their farms and must look for work in the cities. It means that the smaller economy may suffers more by FTAs. This aggravates unemployment, crime and poverty.
Emerging market countries often don’t have many environmental protections. Free trade leads to depletion of timber, minerals and other natural resources. Deforestation and strip-mining reduce their jungles and fields to wastelands.
As development moves into isolated areas, indigenous cultures can be destroyed. Local peoples may be uprooted. Many suffer disease and death when their resources are polluted. Sometime, the importer may import expensive and harmful foreign goods.
Many smaller countries struggle to replace revenue loss because of import tariffs and fees.
Under free trade, the foreign traders particularly the dominant ones may try to become empire-builders in future. In the past free trade gave rise to colonialism and imperialism
We provide you with original essay samples, perfect formatting and styling
To export a reference to this article please select a referencing style below:
Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.
Attention! This essay is not unique. You can get a 100% Plagiarism-FREE one in 30 sec
Sorry, we could not paraphrase this essay. Our professional writers can rewrite it and get you a unique paper.
Please check your inbox.
Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.Order now
Are you interested in getting a customized paper?Check it out!