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Free Trade vs. Fair Trade

- Nelson Hultberg - AFR.org

No. The argument for free trade does not depend on other countries reciprocating. The classic example is Hong Kong, which went from poverty to wealth by allowing free trade regardless of how it was treated by other countries. It remains true, though, that both sides benefit more if free trade is bilateral.

Commented 3132 days ago

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Beginning of the headline :The argument over trade and whether governments should allow it to be “free” goes back to the latter 18th, early 19th century economists Adam Smith, David Ricardo and James Mill. They could be said to be the fathers of the free trade movement that is still argued over today. In essence, the argument says that people should be allowed to trade freely among themselves for goods and services without government intervention and restrictions in their own country and also with others in foreign countr... Read More

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