Essays on Free Trade

Free trade and free trade with other nations allow businesses and markets to reach as many customers as possible, thus boosting sales, revenue, and potentially corporate profit. When sales are up it can lead to companies hiring which leads to lower unemployment which is good...

The United States is a land of free trade in itself. As Americans, we take pride in our nation’s capitalist ways. Free trade is a fundamental element of a peaceful and efficient society. As such, I believe that that international free trade agreements are not...

Outsourcing 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...

The success of exporting depends heavily on the availability of adequate and functional logistical infrastructure which includes roads, railways and shipping vessels. The natural openness which comes along with an easy access to coastal lines is also very important but as a landlocked country with...

Free Trade Agreement (FTAs) are treaties between two or more economies to reduce or remove trade barriers and bring economic integration. As a country with open economy, Sri Lanka has also involved FTAs aligning with economic developments, especially in international trade. More recently, Sri Lanka...

With SLSFTA, Singapore has opportunity to invest directly on healthcare sector in Sri Lanka under Mode 03 of international service trade. Sri Lanka healthcare hospital industry is one of the rapidly growing industries and is continuously faced by new issues and challenges. In order to...

Strengths development in terms of building a strong brand name, increasing the number of resident specialists, focus on specialization, delivering of non- medical attributes of healthcare efficiently, greater use of information technology can be used as a corporate strategy. Innovating in medical technology, innovation &...

From the growing concern over Donald Trump’s imposing tariff hikes against Chinese goods and Britain’s ministers negotiating trade deals with the EU, reflects a resurgence of old arguments about the benefits of free trade. This debate has been ongoing for centuries because the advantage of...

Adam Smith, coined rightfully as the Father of Modern Economics, in 1776 in his book ‘The Wealth of Nations’ laid the foundation of the concept of free trade. Though by no means a novel concept, it had been informally practiced throughout British colonies as well...

When it comes to looking at what kind of trade arrangement a country should seek to achieve economic growth, there are various debates favoring each side: free trade and protectionism. Free trade is when goods and services are traded between countries with as few limitations...

Throughout history, Nixon, the 37th President of the United States, who visited China in 1972, gave the first sign of free trade between two countries; Obama, ex-president of the America stressed that the United States strongly supported free trade, so as Trump claimed. Back to...

In the present configuration of an increasingly globalised world, the volume of global trade transaction has been continually increasing. Furthermore, it can be argued that the current international trade regime has its root on the specific neo-liberal attributes to globalisation. Indeed, institutions such as the...

The North American Free Trade Agreement (NAFTA) entered into force on January 1, 1994. The agreement was signed by President George H. W. Bush on December 17, 1992, and approved by Congress on November 20, 1993. The NAFTA Implementation Act was signed into law by...

Just after WW2, there was a general belief that the lack of free trade was harmful and resulted in economic recessions and even depressions, specifically the Great Depression 1930, which was vividly within living memory of governments and societies then. These ideas were further supported...

Free trade can be defined as “The movement of goods and services among nations without political or economic barriers.” Businesses partake in markets like EU due to the benefits that it gives such as trading to other countries in the EU without the trading barriers....