| Robin Pandey |
Posted
on 24-Jul-01 01:10 AM
There are a few crtique of my writings, they said that my writing is too simple. Basically, I just want to simplify matters rather than make it complicated. It is a practical way of dealing life in a reality. So, I am going to simplify, who will benefit from the Free Trade.
Who will benefit from free trade? Theoritically, everyone, and in reality most of the people will benefit from free trade. For example, country U is good at making computer and country N is good at making textile products. It is beneficiary for country U to trade some of its earning to buy textiles from country N and it is beneficiary for country N to buy computer from country U. Both the countries win, it is going to be win win situation for both of the country. The reason behind win win sutuation is productivities. Since, country U is good at making computers, it can produce more computer per hour with less money than country N and country N can produce more textiles per hour with less money. There are a lot of other factors involved in free trades and we are ignoring these factor to simplify the benefit of free trade.
You can read more about it here:
http://www.heritage.org/mandate/priorities/chap14.html
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