Reference no: EM133186495

1. If there were free migration and truly open borders, workers from the lower-wage countries would stream into the higher-wage countries. These new arrivals would compete for jobs, accept work for lower pay, and force the existing jobholders to accept either lower wages or unemployment. Precisely for this reason, no one accepts or supports the notion of free immigration. "We do, however, accept and support the notion of free trade, which has the same effect. Instead of exporting workers to the Canada, lower-wage countries simply import our jobs and industries to their workers. As the higher-wage nation suffers cutbacks in production, failures of companies, and losses of jobs, the market dictates that workers accept lower wages and a reduced standard of living to match the lower-wage foreign competition, discuss.

2. International trade demonstrates that opening up unrestricted free international trade is beneficial to all nations. But are there any losers from such a policy change?

3. International trade is more difficult and risky takin a cue from the exporter's perspective compared to domestic trade, discuss

4. Postulation abound on the objectivities of import and export bank, with irreplaceable benefits to the economy, yet, other school of thoughts have divergent views