Question

What are the pros and cons of eliminating trade barriers between countries? Make a list of the possible pros and cons below.

Answer 1

The pros are the trading system would be different and the cons would be the same

Answer 2

Pro: Economic Efficiency. The big argument in favor of free trade is its ability to improve economic efficiency.

Con: Job Losses.

Pro: Less Corruption.

Con: Free Trade Isn't Fair.

Pro: Reduced Likelihood of War.

Con: Labor and Environmental Abuses.