International Trade debate Part 2 Essay

In reading my classmates wallpaper, it is interesting to note that while the author is against unrestricted trade, the author nevertheless cites many of its benefits such as reducing dependency and cutting the cost of living. What is even more interesting is that the author tries to build a case around arguments that consider these benefits as detriments without ample support. When countries have to contest globally, they would have to streamline their products in order to find their most competitive wares or they wont be able to compete at all.This opinion which is similarly mirrored by my paper is true, but the fear that some countries would enlist in unfair practices is unfounded. For one thing, what does the author mean by unfair competition? Offering a price that is lower than your competitors is not unfair, its just competition. As the paper also mentions, this leads to specialization of goods based on each participating nations capabilities.While some of our products mogu l not be vendable because of cheaper, higher-quality brands from some other countries, other goods that we export would be more marketable because of free trade and we could focus on those goods for export and not have to spread our resources too thin. This way, we fag end get the best profit for our best product. But what about countries that cannot be competitive? What about countries who scarcely do not have globally competitive products? Globalization also gives them the benefit of having cheaper products for their labor agitate to afford.Kellison (2006) states that economies that cannot offer globally competitive products usually end up offering another valuable resource, labor. resign trade cuts the cost of living for its laborers which make them afford better lifestyles.What is so wrong with that? In the utmost analysis, it is clear that globalization has a rightful place in todays economy. References Kellison, P. (2006). Labor Forces in the 21st Century. N. Y. Bakeman Books. My classmates paper International Trade Debate The Case for Protection My paper International Trade.