Friday, August 24, 2007

Is free trade a good thing?

I am strongly for free trade. Some people insist that free trade is not good for protecting their own domestic industries against foreign countries. But it brings huge merits that more than compensate for the negative aspect. I’d like to shed light on two aspects here.

Firstly, to export strong/pet products and import weak products. For example, Japan exports Automobile. American can own good fuel efficient car. Game products such as PlayStation, Nintendo DS, they can enjoy them. To the contrary, Japan imports MS Windows/Intel processor/Boing Aircraft and so on. If Japan are not allowed to import them, we would have been behind other countries. Vice versa. Free trade allows us to build the reciprocal relationship all over the world. As proverb goes, “you scratch my back, I’ll scratch yours”. This is pertinent expression for the policy of free trade.

Secondly, we can expect freedom of choice and better quality of products. Renowned automobile maker such as Toyota, Honda, Nissan, they export high-grade cars. On the other hand, Japan import cars such as BMW, Ferrari. Free trade can enhance customer's satisfaction. Please imagine. Solely one product are allowed to purchase. This is against the policy of capitalism. Besides, freedom of choice encourages free competition. companies try to create and offer better quality to customers than their rival companies. Of cource, domestic companies need to fight with foreign companies. But through harsh competition, quality of products is improved. This is natural process in capitalistic society.

In conclusion, free trade is a good thing from two points. Mutually helpful trade and freedom of choice. There is no other system than free trade

No comments: