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Trade liberalization arguments and counter-arguments

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Does free trade harm the environment?

Trade liberalization leads to a "race to the bottom" in environmental standards,
Recreate and Evaluate the arguments and counter-arguments

Approach this assignment as an exercise in critical thinking; your goal is to represent a party's argument as accurately and as thoroughly as possible. For each argument and counter-argument, present the following information:

The party you represent
Your party's interests or objectives
Your party's assertion
A summary of the available evidence that supports your party's assertion and/or examples that illustrate the assertion.

Feel free to use the Cybrary or other Web resources to help recreate the arguments

Summarize the argument and counter-argument. Be sure to note the relevant parties in the debate and their interests/objectives.
Evaluate the argument and counter-argument. Be sure to address the following questions:
Can the conflicting positions in these debates be resolved? If yes, how? If not, why not? Your answer should be well-reasoned and supported with examples.

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Solution Summary

Free trade and trade liberalization between different countries does not leads to a "race to the bottom" in environmental standards.

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The party represented in the assertion: Proponents of free trade and trade liberalization.

Party's interest and objectives: To strongly oppose the statement that free trade harm the environment and trade liberalization leads to a "race to bottom" in environmental standards. To favor and promote free trade policies between nations.

Assertion with evidences:

Free trade and trade liberalization between different countries does not leads to a "race to the bottom" in environmental standards. This statement can be supported from the fact that free trade is complemented by the economic theory of comparative advantage, which means the each country should produce those things in which they have strategic advantage over other countries. In other words, free trade enables countries to utilize their natural resources in the most efficient way, thereby contributing to optimum utilization of natural resources and prevention of wastage. Scarce natural resources like metals and minerals, petroleum oil and important natural resources like timber and wood are used in the best possible ways due to free trade policies between countries.

If there were no free trade policies and countries were not able to freely import and export, each country would have been in a situation to produce everything, thereby leading to eastage of natural ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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