Trade negotiations of the Transatlantic Trade and Investment Partnership (TTIP) and The Trans-Pacific Partnership (TTP) trade deals have provided more fuel to the fire of this ongoing debate.

2. This debate never fails
to be a furious one.

3. it is accepted by many
acknowledged economics
circles
developed economies advantage
from free trade.

4. Reducing trade barriers
decreases costs and
stimulates long-term
productivity growth.

5. There are, however,
some of the undeniable
pitfalls of free trade.

6. Protectionists
contend that free
trade can
incentivize
foreign
currency
manipulation
and
mercantilism.

7. Trade negotiations of the
Transatlantic Trade and Investment
Partnership (TTIP) and The Trans-
Pacific Partnership (TTP) trade
deals have provided more
fuel to the fire of this
ongoing debate.

8. Free Trade Argument

9. classicalpro-freetradeargumentcitesthe
benefitsoftheincreasedcompetitionand
specializationthatfreetradebrings.

10. lower
prices/costs

11. more variety
of goods

12. higher
quality
of
goods

13. These factors
increase
productivity
growth and living
standards.

14. Trade barriers can
cause conflict
between countries
and lead to
fearsome trade
wars that destroy
the potential for
mutual benefits
from trade, and also
spark the possibility
of military conflict.

15. Protectionist
Argument

16. Protectionists argue
that a free trade policy
incentivizes the
countries
So it trades with to practice
mercantilism and manipulate their
currencies in o rder to maintain this
po sitive balance o f trade.

17. Perhaps, China is doing this very thing.

18. I incline more
toward the free trade
view, however I do
feel that the danger
of different nations
manipulating
currencies and
accumulating large
foreign monetary
reserves should not
be ignored.

19. BYBY
M V S SAI HEMANTM V S SAI HEMANT
BBAFO REIGNTRADEBBAFO REIGNTRADE
UPES , DEHRADUNUPES , DEHRADUN
UTTARAKHAND, INDIAUTTARAKHAND, INDIA