Benefits of Free Trade

An Economic Professor outlines 10 benefits of free trade.

If you have this question on an exam, list and describe these advantages. This video does not go into the disadvantages which is another topic. However, learn the benefits of free trade to understand where the world economies are going. Why some countries are developing and others experience economic stagnation.
#freetrade

[asrarul]

No 5: Trade promotes peace among nations. This one stems from or leads to the others. Thanks for this lucid illustration with no graphs, equations and jargon.

[jiangchen]

It is very informative I can use this information for our school debate and me and my team is on the bright side of free trade... this is very useful tnx.

[wwahyyy]

free trade means what used to be a monitored system now becomes porous and uncontrollable. is that always a boon?

[kiethz]

When Free Trade hit Canada tons of jobs were lost and still today jobs are leaving due to Free Trade Garbage. Labour laws changed and not for the better. Health care was messed with and not in a good way. Social programs suffered. And that is just the tip of the iceberg. Sine about 1989 I really have not seen any benefit to free trade. The rich got richer and the poor got very much poorer is all. Nothing got cheaper that is for sure. Many of the products we now get are just garbage waiting to fall apart. For the most part everything is disposable garbage. Lord only knows, what is in food or where it even comes from. Nope nothing good has happened. If anyone thinks good stuff has happened it is just an illusion. Farmers in Africa, Mexico and other countries have been driven out due to dumping cheap crap into them, form other countries. That sure is not helping anyone.

[paulbaskerville]

all it dose is move jobs that have a living wage and workers rights . to countries that have cheep slave workers no human rights . most of the countries that eval rich and corporations would rather have a slave working for them. they go to country's that allow polluting and shorting there lives of the people with the working conditions . tacking away good paying manufacturing jobs from developed countries .the opportunities that decent jobs bring removing them turning countries into third world countries dependent on china and lousing there sovereignty. i would rather pay more for local stuff it it has to meet standers .if u like plastic in your milk that will take out your kidneys and kill u . it is your choice.