Free trade
From The Art and Popular Culture Encyclopedia
"What capitalists failed to accomplish by a century of repressive measures against trade union leaders, the World Trade Organization, enthusiastically endorsed by social democrat governments around the world, is doing for them. When barriers to imports are removed, nationally based trade unions are undermined. Now when workers in high-wage countries demand better conditions, the bosses can threaten to close the factory and import the goods from China, or some other country where wages are low and trade unionists will not cause trouble." --A Darwinian Left (1999) by Peter Singer, p. 5 |
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Free trade is a trade policy that does not restrict imports or exports; it can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold liberal economic positions while economically left-wing and nationalist political parties generally support protectionism, the opposite of free trade.
See also
- Concepts/topics
- Borderless selling
- Economic globalization
- Free trade area
- Free trade zone
- Freedom of choice
- International free trade agreement
- Non-tariff barriers to trade
- Offshore outsourcing
- Offshoring
- Trade Adjustment Assistance
- Trade bloc
- Trade sanctions
- Trade war
- Trade organizations