The Negative Effects of Trade Barriers on the United States Economy
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Abstract
The advantages and handicaps of international trade have led to ardent debates throughout the nation and the world. The numerous protests and demonstrations that accompanied the World Trade Organization meetings in Seattle last November (1999), proved how salient the issues of trade and globalization are to Americans. This paper elaborates on some of the benefits of free trade, while exploring and challenging the arguments for protection. Conclusive findings suggest that by increasing productive export jobs, promoting efficient utilization of resources, and increasing competition, international trade strengthens the economy and aids consumers.
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