What are your views for unrestricted international trade as far as the World Trade Organization?

Answer 1

The question is hopelessly misguided. The WTO is not about unrestricted trade. It is an organization that enforces restrictions on restrictions of trade that member countries impose upon themselves by joining. For example, one thing that countries are usually required to do prior to joining is tarification of quotas (existing quotas are replaces with equivalent tariffs).

In cases where trade is truly unrestricted, countries do not run to the WTO to resolve trade disputes; they just refuse to think of trade as something that can be disputed. If some foreign government is dumb enough to subsidize its country's exporters (and thus the importing countries' standard of living), this is something to celebrate, not to complain to the WTO about...

Answer 2

Personally I support unrestricted free trade internationally. All nations benefit from it, but some groups don't benefit as much as others and many of these groups have huge influence in government circles. The US could unilaterally drop all tariffs, drop all subsidies, drop all exclusions and really adopt free trade and it would benefit enormously. Food would be cheaper and better, more products available at a cheaper price, and our currency would float properly.

Its not going to happen however. Big super developed countries use trade as a weapon to extract control and to corner markets, and this will continue.

The WTO is a committee of nations dominated pretty much by huge developed nations who can drag their feet a long way.

This question is closely related to the free immigration question. I also personally support free international immigration, for the same reasons. It helps everyone.

Until the United States' people get back control of their government none of this will happen.

Answer 3

Theory in economics had promoted the idea of unrestricted international trade like one way to reach the efficient in the global production of tradable good...until here all is good...
In the practice, all is more complex...unrestricted international trade means affect the value of nontradable goods and services either...surely these economics sectors will be a creators of rent and increase the inequality of distribution of wealth...
Ok, suppose all is good with this... then we have an international system that promote the efficiency in production so, a system that will increase the wealth created in the world but, how about the roll of economic agent? all this new wealth will be for a few groups of economics agents? this will mean to create more social problems and more diseases?...

Unrestricted international trade must be accompanied by unrestricted flows of capital and free access to loans, else all the new wealth will be gotten by banks, traders, speculators and other financial agents....

Restrictions to international trade, in the past and right now, is a tool used by big purchasers, (US, UK,) to make policy and help its allies..Examples:
.- US to China today
.- UK to US in XIX century

The tendency in the world is to create "block of commerce" but never unrestricted international trade...

Answer 4

Free trade works well when all parties participate in unrestricted trade. The problem is too many countries place restrictions on trade to benefit their own needs (IE: China keeping the Yuan low to keep exports up).

Answer 5

Unrestricted trade works well within the EU because if any particular country falls below the norm it gets more benefits until it gets back on its feet. In addition to which these countries are on a similar level which tends to even things out. If you take a country which does not have this back up they are much more vulnerable. The only thing most Latin American countries have is raw material. They cannot compete against the industrial giants who can flood them with cheap manufactured goods.

Answer 6

Beneficial to all.