Question

If you were an international firm, why would you support the concept of global free trade? Who might oppose your view and why?

Answer 1

Global free trade is the opportunity to do business without any limitations on exports and imports. International firms can do business in these free trade areas without any limits and this is very beneficial for firm . Hence as an international firm we would get benefitted by the concept of global free trade as taxes gets reduced and profits can be maximised without any barriers. However countries with nationalist ideas and which would want to protect their local businesses would oppose this view because with free trade, their economy might fall and their local products and resources could be taken away from them resulting in the unemployment of local businesses entities . Hence these countries might oppose our view.