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No.36
Economy, No.36  Nov. 11, 2016

Significance of Free Trade: Continued Trade Negotiations will Allow for New Progress ―Distinguish between internationalization and people, goods, and money

< Key Points > Avoid discussions about the internationalization of people, goods, and money in the same light. The stronger the movement towards trade liberalization becomes, the larger the backlash grows. History shows that protectionism does not provide desirable results. “We looked for an overseas labor source, but those who arrived were people,” said a Swiss writer commenting on the effects of the foreign work force. When considering labor power only as a production factor, it appears logical to seek cheap overseas labor. But this will involve a variety of human factors, such as families, religions, cultures, and crimes, creating a number of difficult issues.  With statements made by U.S. Presidential candidate Donald Trump and the United Kingdom’s referendum decision to leave the European Union (EU), voices that oppose the development of globalization have been growing louder. However, close examinations of these trends show ... ... [Read more]