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Recession Affects Businesses

In recent years, the free trade movement has come under increasing fire as markets have opened and barriers to trade have fallen. Discuss the pros and cons of free trade, considering the perspectives of both more and less developed countries. Do you believe the benefits of free trade outweigh the drawbacks? Explain why or why not. Give examples of how you, your family, neighbors, friends, and co-workers have been impacted by the free trade movement. How has the recession affected businesses in the area where you live or work? What strategies have one or more of these businesses used to weather the recession successfully?

about 300 words, no references

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Free trade is a good concept on paper, but in reality it can create problems on both sides of the trade. For developed countries it gives businesses more opportunities to gain resources, including labor, at less expensive costs. These costs are then passed along to the shareholders, making companies more attractive to investors. In those companies, however, there are losses. The workers often feel the changes the most, since they are often layed off due to moving the company facilities to less developed countries, leaving them ...

Solution Summary

How recession affects businesses is determined.