Free Trade VS. Protectionism
Quantirra McGill,1st period
A FREE TRADE is the unrestricted purchase and sale of goods and services between countries without the imposition of constraints such as tariffs, duties and quotas.is a policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries. Free trade is exemplified by the European Economic Area and the North American Free Trade Agreement, which have established open markets.
Examples of FREE TRADE countries are: Canada, Africa, Australia, Mexico and so on.
Free traders want to be able to trade freely.They want to be able to trade what they want when they want. They want to bring down the wall of protectionism so they can trade even more freely.
A Protectionist is the economic policy of restraining trade between states (countries) through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow (according to proponents) fair competition between imports and goods and services
Protectionist are not totally against free trade.They just don't want bad things coming into the country. They want to slow down the trade to protect jobs and keep us safe, and slow down the rise up of so many businesses from bringing competition in the country
examples of protectionist countries are: Argentina, U.S.... and many more