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Free Trade Makes Sense for Everyone Bruce D. Hill ECBU 520, Seminar in Economics Instructor: Dr. Richard P. O'Toole February 28, 2004 Free Trade Makes Sense for Everyone Introduction For the purposes of this paper, I have chosen to write about the issues involved around free trade and globalization as opposed to protectionism. This topic deals with the trade off between polar views of free trade and protectionism. The "free traders", believe by removing the barriers to trade (tariffs and quotas) the United States will reap the benefits that are generated by the "Comparative Advantage" economic model. On the other side of the coin, there are those that feel a "protectionist" economic policy will save the country from loosing jobs to those countries on which we impose trading tariffs and quotas. While this position does protect some American workers from being replaced by foreign workers, it keeps productivity low, keeps demand for U.S. goods low,...

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