Business & Finance
Acronyms & Abbreviations
Bill Clinton
Mergers and Acquisitions

Why are so many groups opposed to free global trade?

User Avatar
Wiki User
2006-09-27 21:20:16

Because "free global trade" is seldom truly "free". Many nations

will subsidize their goods and services to force the price down in

foreign markets. That gives them an advantage, changing the value

of their money and often causing financial destabilization in other

industrialized nations. Other nations deliberately create a

national sense of pride that results in a willingness to pay more

for their products even though foreign goods or services might be

better. Japan is a good example. They would rather pay several

dollars for a Japanese melon rather than purchase a foreign melon

for much less money even if the quality is the same.

Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.