ECON 162 9 21 15 Where is your shirt from Taiwan China 28 USA Denmark Indonesia Canada Pakistan Vietnam Philippines Turkey Jordan Nicaragua Bangladesh Spain Mexico Honduras El Salvador Portugal Arguments Against Free Trade Loss of Domestic Jobs Race to the Bottom o Environmental Degradation o Child Labor o Sweatshops o Human Rights Abuses Dumping Loss of National Sovereignty o WTO is Anti Democratic Exploitation Spread of Corporate Culture Low Wages Cultural Imperialism National Security Arguments in Favor of Free Trade Comparative Advantage Lower Prices Greater Variety of Products History of Western Development Free Trade Fair Trade An Absence of Trade Barriers Promotes Intercultural Understanding and World Peace Purchasing Imports From Other Countries Provides Them Revenue to Purchase Our Products Cost of Protectionism Resource Conservation Trade With a Goal of Social and Economic Justice
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