The effects of free trade

by abifox
Last updated 6 years ago

Discipline:
Social Studies
Subject:
Economics
Grade:
9

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The effects of free trade

To explain this I am going to use a proposed trade agreement between Australia and Japan. This agreement has some positive and negative effects. On positive effect is that Japanese electrical goods should be cheaper as a result of the elimination of tariffs. Also as countries such as Japan are beginning to eat more red meat, demand for meat imports to these countries are increasing. After such a long draught Australian beef farmers are flourishing. With no tariffs between us and Japan, we will be able to sell much easier over there. This effects consumers with price falls on beef as a result of less stress on the economics of that industry.

Referencesbusinessdictionary. (2015, 24 3). definition/free-trade-agreement. Retrieved from www.businessdictionary.com: http://www.businessdictionary.com/definition/free-trade-agreement.htmlHutchens, G. (2014, 4 8). how-will-japan-free-trade-agreement-benefit-consumers. Retrieved from http://www.smh.com.au/: http://www.smh.com.au/federal-politics/political-opinion/how-will-japan-free-trade-agreement-benefit-consumers-20140408-zqs8t.htmlMohr, A. (2015, 3 25). advantages-trade-developing-countries-3844. Retrieved from http://smallbusiness.chron.com/: http://smallbusiness.chron.com/advantages-trade-developing-countries-3844.htmlsmallbusiness.chron.com/negative-effects-trade-5221.html. (2015, 3 25). /negative-effects-trade-5221.html. Retrieved from smallbusiness.chron.com: smallbusiness.chron.com/negative-effects-trade-5221.htmlWikipedia. (2014, 12 29). Australia–United_States_Free_Trade_Agreement. Retrieved from wikipedia.org: http://en.wikipedia.org/wiki/Australia%E2%80%93United_States_Free_Trade_AgreementKent, Neil. "European Union (EU)." World Book Student. World Book, 2015. Web. 24 Mar. 2015."North American Free Trade Agreement." Compton's by Britannica. Britannica Online for Kids.Encyclopaedia Britannica, Inc., 2015. Web. 24 Mar. 2015.

Effects

Developed countries can outsource jobs to developing countries and bring their products back without trouble. This opens up job opportunities for citizens of developing countries and ultimately a better quality of life for them.Child labour is often used in developing countries as a substitute for the manufacturing machines they lack. Free trade agreements allow investments to be made over boarders to raise the funds for these essential machines. Once these machines are available child labour is not needed. Plus, when job opportunities for adults are available, children are able to attend schools.Smaller companies from developing countries have a larger market to sell to. They can trade with foreign countries without the fear of the gigantic tariffs.When you look at the advantages as a whole they cover all the bases to improve life expectancy. More education, income for food shelter and water and less child deaths through child labour.

Underdeveloped countries will make changes to their working process in order to have a competitive price over sees. These changes are often at the expense of human rights. These unruly prices also make it a lot harder for workers in other more developed countries to hold onto their jobs in the same production area.Many countries, thanks to the free trade agreement, are growing food in other countries and paying the host country workers to work the land for them. Some countries doing this include China using land in Australia and multiple countries using land in poorer African countries such as Nigeria. However since these arrangements are most common in developing countries, the host countries often ignore the pricey environmental standards of the developed country they are working for and for that reason many foreign environments are being damaged.

How will it affect me?The effects on an average Australian

where is my information from?

consthe negative effects

prosthe positive effects

Most of these devices are mass produced in Japan


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