International Economy and Globalization (H.W) Custom Essay

International economy and globalization Proponents of free trade argue that it encourages investment, consumption which in turn leads to economic growth. Additionally, there are various goods on offer and prices are likely to reduce because of competition. On the other hand, opponents of free trade focus on high unemployment and excess production capacity in the system (Carbaugh 26). Trade barriers, globalization, foreign direct investment, and economic stability influence the volume of trade as more countries join international organizations including the World Trade Organization (WTO) Globalization of international trade presents opportunities and benefits to workers.

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