Globalization VS Protectionism

Globalization has become one of the biggest issues in the economic world today. Many people believe globalization is a good thing, and there are also many people who think it is bad. Some of the comparative advantages of free trade are that if the allocation of the world's resources are more efficient, it will lead to lower prices for consumers, and it will also provide more choice for the consumers. Even though there are these …

…the end, free trade gives consumers the greatest consumption possibilities with lower product prices, a greater product variety, and increased industrial competition. Free trade puts the burden of economic competition where it belongs, on the industries, not on the patrons of the world. I think globalization should continue being explored and improved. Once a perfect trade agreement is reached, I think the world's economy would take off and benefit all people to a great extent.