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Featured article by I. Wellington
- Business > International Business & Trade Free trade explained
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To begin it must be understood that "Free Trade" is a much mis-used expression, appropriated by politicians from all sides of politics for and against various pieces of trade legislation. So there exists two versions of "Free Trade": the theoretical one derived from economic thought and the theory of comparative advantage and the popularised version, the version that is understood by the average member of the public. First to theory, it is easy to demonstrate with economic theory that Free Trade leaves both sides of the trade better off even if one party is better at producing all goods tr...
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I. Wellington
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Member since: April 2008
- Helium Charter Member
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Articles Written: 12
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- Free trade explained
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