Notesale: Turn your study into money

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MaximP

The Fundamental Freedom to Trade
To begin with, I would like to say that the writer of the article Edward L
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Also the fact that this article is
from the year 1997, makes a lot of information invalid for the present, (i
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“America, the world's largest
exporter” clearly not current information, as currently it is ranked 3rd, preceding Germany and China)
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The Santa Claus Factor
In my opinion, Santa Claus destroys the economy
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They could not flood the other 3 sectors, so
there will be unemployed
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The only way both parties would win, is if Santa’s “free gifs” were limited
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The extra workers (e
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250 people) can relocate to other villages/ countries, where there is a need for
jobs, but not enough local people to allocate those sectors to or which may be limited to the locals
education and/or mentality (aka tradition)
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It would not benefit in the same way the U
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as the trade sector could not give enough jobs
for everyone, so there would be more un-employed
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Also I am very ‘irritated’ by the following excerpt from the article “…ideally America should follow the
policy that best ensures the greatest freedom and prosperity for Americans”
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I think the best solution would be to allow freedom of trade for products which are not currently
produced in the respective country or which simply cannot be produced in that country
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Secondly, if the government allows for free trade or very low taxed trade, the country may
actually end up losing their own profits
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If they were to allow free trade barriers,
Nokia could enter into the Korean market with cheaper priced products than Samsung & LG, due
to the free trade
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And this seems to be the reasons why many countries are not really ‘happy’ with the concept of
free trade
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Without free trade poor countries
will still be poor if they don’t own their companies and rich countries will be still rich
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There is always good and bad and the thing we need to do is control the level of good and bad
related to free trade, in order to come to a balance (equilibrium) which will leave everyone better
off
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Santa Clause Factors
In my opinion to have a Santa Claus factor makes that society worse off
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In fact by Santa Claus effect people can be rich at the same time but the local workers
will be lazy at the time when every sector doing same thing and there is no improvement of their
working level
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