International Trade
June 4, 2008
On the topic of unrestricted international trade, after researching it was determined to vote in favor of unrestricted international trade. Knowing that many countries would benefit from a free trade environment, including the United States, Asia, and the United Kingdom, the challenge is knowing where the benefits are and overcoming any pitfalls.
Based on the concepts around Competitive Advantage, all countries would benefit from various trade goods based on what is produced in a particular region. One country may produce a high volume of rice, such as several Asian regions, where others may produce higher in meat, poultry, or potatoes. Each organization would be able to determine what their needs are and how they could compensate their trade partners based on availability.
The first obvious reason for this structure would be the benefits of helping those that need it, while working on a global focus. Keeping international trade lines open will bolster the economy of the entire planet, not just the countries involved with the individual trade agreements.
Secondly, by bartering with neighboring countries the trust with other nations would grow and allow additional trade agreements to evolve. Being open with other counties and working with other cultures will allow for the growth of international business, organization, and personal interaction and foster a better understanding of foreign government’s policies in regards to international trade and commerce.
Third and final, breaking down the barriers that separate all the nations of the world would be a positive and forward thinking ...