debate on trade barriers
Answers
Explanation:
International trade: International trade is the exchange of goods and services across national borders. ... Trade barriers, such as taxes on food imports or subsidies for farmers in developed economies, lead to overproduction and dumping on world markets, thus lowering prices and hurting poor-country farmers.
Answer:
I believe that trade barriers are an inevitable consequence of living in a large world with different cultures. Although trade barriers are inescapable, I believe that we should somewhat limit them to a low level. Between every society there are already trade barriers that are permanent; the Atlantic Ocean that divides us from Europe, and the Pacific Ocean that divides us from Asia, already cause barriers by increasing the costs of shipping, thus causing Europe and the U.S. to impose tariffs. Trade barriers are also necessary for cultural reasons—Europe does not want to be an advocate for GMO products produced in the U.S. If people advocated for more trade barriers than those that already exist today, they would be overprotecting our country. Trade barriers, although they protect businesses in their infancy from more mature big corporations, in excess, will demotivate businesses to put the extra effort into innovation. However, with the right amount of trade barriers, we will be able to somewhat limit dumping, increase the protection of infant businesses (for a period of time), and encourage the purchase of domestic products. Trade barriers should be evaluated between every country that we trade with; the government should assess the importance of the trade between the U.S. and the other country and calculate what the overall cost would be to the consumers in the U.S. if they insisted on increasing/decreasing trade barriers.