[Free Trade and Structural Economic Change]

By

ACKNOWLEDGMENT

This research would not have been possible without the help of my family and research supervisor so I would like to thank them for their support.

DECLARATION

I taken an oath that this research is my own work and it does not represent the ideas of the university. Moreover this research has never been submitted earlier for any educational purpose.

TABLE OF CONTENTS

ACKNOWLEDGMENTii

DECLARATIONiii

CHAPTER: INTRODUCTION1

Background1

Rationale1

CHAPTER 2: LITERATURE REVIEW2

Free trade2

CHAPTER 3: METHODOLOGY3

CHAPTER 4: DISCUSSION5

Free trade enriches cultures5

CHAPTER 5: CONCLUSION6

REFERENCES7

CHAPTER: INTRODUCTION

Background

In this research, the main focus would be on the employment opportunities. Many economists argue that free trade improves the quality of life following the theory of comparative advantage and economies of scale. Other argues that free trade allows developed countries to exploit third world countries, destroying the local industry in these countries.

Rationale

Employment in any country is very important, to get rid of poverty. If, people won't have jobs they won't be able to earn living for themselves. All these people will affect the economy as a whole. Free Trade is an economic concept relating to the sale of products between countries free of tariffs and trade barriers. Even if, people find jobs, the wages they earn is not sufficient to meet their demands and, thus leaves them below the poverty line. In addition, over half of all workers are currently in vulnerable employment, excluded from the possibility of security through waged or salaried jobs. In the poor regions, the risk increase for women and about 90 percent of women work in the vulnerable environment.Research Question

1. How does free trade present an overall economics loss, or a gain?2. How does "in shoring" of jobs offset "off shoring"?3. How these kinds of jobs change Americans?

CHAPTER 2: LITERATURE REVIEW

Free trade

The global level of output improves due to the free trade as shown by the classic economic analysis. This level of output improves because specialization among countries is permitted by free trade. Due to free trade, the countries can utilize all their resources to produce goods for which the country has enough skilled labor and resource. 

Free trade involves the removal of artificial barriers (governmental regulations) trade between individuals and companies from different countries. International trade is often restricted by different tax national tariffs imposed on goods exported and imported as well as other non-monetary regulations on imported goods. Critics of these treated seen as a way of protecting the interests of multinational corporations.

The key strategy is to establish in several previous cases considered crucial, as the cultural and audiovisual, and from which to obtain more concessions in the context of broader trade negotiations, under way or planned. The interests of power, that they are of commercial or geopolitical, are no strangers to this commitment, also a value system that is up to U.S. to promote, disseminate and defend the international level on behalf of the common good.

Clearly, free trade is both a noble and a political objective. A moral principle, to the extent where it belongs, next to democratic pluralism, individual rights and market economy, the fundamental values ??of modernity regarded as universal.

CHAPTER 3: METHODOLOGY

This research is founded on the secondary data. The research encompasses the publications, articles and similar studies ...