Kind of government intervention through quotas or duties

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Reference no: EM132290815

Discussion: Does Free Trade Benefit All?

When trade between two countries happens without any kind of government intervention through quotas or duties, it is known as free trade. Now consider the following:

The world’s poorest countries are at a competitive disadvantage in every sector of their economies. They have little to export. They have no capital; their land is of poor quality; they often have too many people given available work opportunities; and they are poorly educated. Free trade cannot possibly be in the interests of such nations.

Please discuss this problem, with examples. Write 350 words.

Reference no: EM132290815

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