Free trade: Does free trade help reduce poverty and inequality?

  • Yes, Free Trade drastically reduces poverty and inequality for all countries involved in it

    Free Trade is the only moral, economically sound, and effective way of increasing wealth, reducing poverty, and raising the the standard of living for everyone. Look at countries like China, India, Brazil, and Botswana. All of these countries have embraced free trade and have entered into free trade agreements and as a result, the countries' standard of living has increased drastically. In China the amount of people that live in what the UN defines as "Extreme Poverty" has decreased by almost 60 percent in 20 years. In India it has gone down by 30 percent in 10 years. Brazil has cut its poverty rate in half and has an annual growth rate of 3.2 percent. Although Botswana has declined economically in recent years it has very few trade barriers and other than South Africa, Botswana has one of the highest GDP's in all of Africa. When people are free to voluntarily exchange goods all parties become wealthier.

  • Yes, But With Limits

    Free trade does have the ability to reduce poverty around the globe. However, it needs to be managed carefully. It shouldn't be a free for all, and there should be conditions. In short, free trade should be limited, monitored, and regulated. That may not sound like the definition of free trade, but there is a middle ground that would help everybody.

  • No, free trade does not reduce poverty nor inequality

    Free trade does not solve nor lessen issues of poverty or inequality in any society. Generally, free trade is actually detrimental to solving poverty and inequality, as it opens the doors to more outlets and variables toward discrimination and faulty trading techniques that are harmful to at least one party within the trade. Free trades lack the structure that is need to reduce poverty and inequality within society.

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