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Sunday, January 24, 2010

TRADE EXPLOITS A COUNTRY AND MAKES IT WORSE OFF IF ITS WORKERS RECEIVE MUCH LOWER WAGES THAN WORKERS IN OTHER NATIONS

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TRADE EXPLOITS A COUNTRY AND MAKES IT WORSE OFF IF ITS WORKERS RECEIVE MUCH LOWER WAGES THAN WORKERS IN OTHER NATIONS


INTRODUCTIONThe open trade doctrine that allows a country to operate a free trade economy where it can trade with business operators from other countries and , also allow them to invest and trade in her economy, this practice has liberalize the international trade system and make the world a global village. The neo-liberalists views in international trade has always supported a globalize and open market order in which every countries is expected to open up its market and imbibe the culture of free trade, free economy entry and exit of labor and the opening of the state economy to the international market for active competition. Neolibrals have fostered the movement to freer trade and deregulation of labor markets, arguing that overcoming the constant of limited markets is the means to increase growth, remedy trade imbalances, and lower unemployment. The state needs to be forced to comply with the laws of the market” Samuelson (2004).
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Number of Pages: 7
Numbers of References: 8
Price: $40

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