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    Contemporary World - Position Paper

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    Anamor Idos
    Free trade has benefited large multinational corporations by opening new opportunities and markets. However, it has ultimately done more harm than good. It has harmed local and small businesses. It has also led to the exploitation of resources and damage to the environment. Climate change is evidence of how free trade policies have harmed the environment. There is also increased economic chaos as powerful nations compete to be the global economic leader.

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    Contemporary World - Position Paper

    Uploaded by

    Anamor Idos
    471 views1 page
    Free trade has benefited large multinational corporations by opening new opportunities and markets. However, it has ultimately done more harm than good. It has harmed local and small businesses. It has also led to the exploitation of resources and damage to the environment. Climate change is evidence of how free trade policies have harmed the environment. There is also increased economic chaos as powerful nations compete to be the global economic leader.

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    Free trade has benefited large multinational corporations by opening new opportunities and markets. However, it has ultimately done more harm than good. It has harmed local and small businesses. It has also led to the exploitation of resources and damage to the environment. Climate change is evidence of how free trade policies have harmed the environment. There is also increased economic chaos as powerful nations compete to be the global economic leader.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    471 views1 page

    Contemporary World - Position Paper

    Uploaded by

    Anamor Idos
    Free trade has benefited large multinational corporations by opening new opportunities and markets. However, it has ultimately done more harm than good. It has harmed local and small businesses. It has also led to the exploitation of resources and damage to the environment. Climate change is evidence of how free trade policies have harmed the environment. There is also increased economic chaos as powerful nations compete to be the global economic leader.

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    Position Paper: Is global free trade has done more harm than good?

    With the society we all live in right now, it is undeniable how fast we go
    through changes, development, and evolution. One of the pillars of society is
    business and economy. The difference on how things work now and then in
    this industry has a large gap already. One policy that has been circulating all
    around the globe is free trade. Free trade policy removes barriers and gives
    freedom of exploration, and exchange of goods and services between nations
    and countries with very little or none at all governing policies coming from
    the state of which transactions take place. For a businessman or a capitalist
    who lives on the privileged realms, free trade policy sounds like heaven, for it
    gives them quite a good number of doors of opportunities for expansion, and
    efficient production and provision of services. This free trade policy did
    alleviate a lot of multinational corporations' and companies' health that
    positively affects their state of origin. However, it has done more harm than
    good with the entirety of the effects of this global free trade. It harms the
    locals, the micro, medium, and small enterprises of a region. Free trade
    policy robbed a lot of lives their shot in alleviating their societal status and
    the opportunity of living a prosperous life. There's an exploitation of
    resources that goes on and on as this global free trade exists. It has also
    harmed the environment, and nowadays, we are suffering from the effects of
    it. Climate change is one of the invincible proofs of how the policy damages
    mother nature. Chaos also erupted and continuously stirs up in the
    economic realm, for these nations with great power and influence runs after
    each other's neck to be able to obtain the number one seat - being the global
    economic leader. Without borders, may it be in the market domains or not,
    one would always overlook other's rights and step on their dignity and
    reputation. I strongly believe in the statement there is no such thing as free
    lunch by Milton Friedman, and the same could be applied to trade.

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