Effects of Free Trade on Globalization

1
Effects of Free Trade on Globalization

• Presented By
• http//www.premiumessays.net/

2
Introduction

• Free trade advocates for the freedom of every
  individual in buying and selling .
• Occurs to whomever they wish to on terms that are
  mutually agreed upon.
• Distance or geographical placement of the two
  parties should not be an issue.
• Whether they live next door or are thousands of
  miles apart, trade between them should not be
  hindered.

3
Concept of Free Trade

• It began taking shape in most countries across
  the world .
• This was as a result of development of steamships
  and railways about 200 years ago.
• Traveling was made to most traders who had an
  interest in exploring other markets .
• Distance between various word market destinations
  were made shorter.

4
Significance of Free Trade

• Free trade enhanced the maximization of global
  economy.
• Different nations have taken part in different
  trade activities worldwide.
• Better rewards through exploration of the best
  markets for their products have been achieved.
• It has guaranteed freedom to local firms and even
  individual traders from domestic tyranny.
• Break away from the yoke of poverty and
  dependence.

5
Side Effects of Free Trade

• Has widened inequalities in income across the
  globe.
• Heightened competition that has seen an influx of
  foreign firms.
• Comparative advantages have been created.
• This has destroyed the benefits of free trade
  across the globe.
• This has led to high costs on local consumers.

6
Get More Information on the Effects of Free Trade
on Globalization

• By Visiting
• http//www.premiumessays.net/