What are the main criticisms of free trade?
Some main criticisms of free trade include job losses in certain industries, exploitation of labor, and environmental concerns.
How does free trade affect developing countries?
Free trade can benefit developing countries by providing access to larger markets, but it can also lead to increased competition that harms local industries.
What are the arguments for protectionism?
Arguments for protectionism include protecting domestic jobs, safeguarding emerging industries, and ensuring national security.
Can free trade lead to inequality?
Yes, free trade can exacerbate inequality as benefits may not be evenly distributed, often favoring wealthier nations or individuals.
What alternatives exist to free trade?
Alternatives to free trade include fair trade practices, tariffs, and trade agreements that prioritize labor and environmental standards.
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