Wrap-+Up+Essay

Free Trade vs. Fair Trade Wrap-Up Essay Again, free trade is where you can trade openly and freely with everyone in the world, without government control. Unlike fair trade, which is where the government controls all trading that is done. Many people are debating on which one is better in trading. Some say free trade, some say fair trade. There are problems with both scenarios. Free Trade can isolate one country from another country. An example of Free Trade would be if the United States had the option of trading with Europe and South Africa. Europe could pay the full price we want, but South Africa would pay us less and would need us to split the cost of getting the product to them. The United States isn’t going to want to pay more money, so they’re going to go with Europe and leave South Africa out of the picture. Which will also lead to South Africa being unable to build up their economy. With Fair Trade, the United States would have to trade with both Europe AND South Africa. Even though it would change the prices on the items, in the long run it’s going to make these countries economically stronger. When a country is getting more and more money through trade, it’s getting the chance to build up it’s economy and fend for it’s own needs. There will be less need to rely on the US and other counties for aid, which globally will end up saving money for everyone. As Americans, the issues of Free vs. Fair Trade affects us in many ways, from the quality of our goods to the prices paid for them. Economically it is apparent in our daily lives because of job losses, business closures, and the lack of ability to pay for education, medical services, and general necessities. On the flip side, it also allows us to branch out and get to know other countries and cultures that we might not have known about before. It can bring the world together, into one united planet. As for the future of this issue, people will debate the pro and cons of each. In the end, we need to come together to find a balance that will help underdeveloped countries grow, and keep strong countries strong.