Essay

In my opinion, I don’t agree that free trade makes rich

countries richer and poor countries poorer.
Government granted and enforces cartels / monopolies
make politicians and their backers richer and everyone
else poorer. The developed world’s big problem is
everyone in government or likely to be in government
has already sold their souls to someone, to screw over
the electorate. In the EU, poor countries face tariffs on
their processed produce, to protect processors in the
EU. Coffee is a prime example. Europeans pay more for
their coffee. In fact thanks to the common agricultural
policy, Europeans pay more for all their food to protect
rich french farmers. Genuine free trade would reverse
all that. The tricky part is standards. Safely produced
food costs more to make than unsafe food. Either all
products imported and export must be inspected to the
same standard, which costs, or you need to ban
imported food. Animal welfare regulations are
particularly problematic, because you have to go and
look at how they do it. The other way to sort regulations
over government actions is to produce the equivalent of
ratings agencies with voluntary that consumers can trust
and companies wish to attain. It would take decades to
all shake out. Free trade, does not by and large benefit
rich over poor. It benefits everyone.
That’s all my view
manufacter
1. Bartering is based on
the exchange of ……
goods……for goods.
2. The Bretton Woods
Agreement stipulated that
all members would
express their
currencies in …gold….
3. When central banks
intervene in the foreign
exchange markets at the
intervention
points, this is called the
system of ……
fixed…..exchange rates.
The opposite is called the
system of …
floating….exchange rates.
4. If dealers buy
currencies forward but do
not sell forward
simultaneously, their
position is
said to be …long……
5. Dealers using two
foreign exchange markets
to benefit from rate
differentials are said to
engage in …arbitraging.
……
1. Bartering is based on
the exchange of ……
goods……for goods.
2. The Bretton Woods
Agreement stipulated that
all members would
express their
currencies in …gold….
3. When central banks
intervene in the foreign
exchange markets at the
intervention
points, this is called the
system of ……
fixed…..exchange rates.
The opposite is called the
system of …
floating….exchange rates.
4. If dealers buy
currencies forward but do
not sell forward
simultaneously, their
position is
said to be …long……
5. Dealers using two
foreign exchange markets
to benefit from rate
differentials are said to
engage in …arbitraging.
……
1. Bartering is based on
the exchange of ……
goods……for goods.
2. The Bretton Woods
Agreement stipulated that
all members would
express their
currencies in …gold….
3. When central banks
intervene in the foreign
exchange markets at the
intervention
points, this is called the
system of ……
fixed…..exchange rates.
The opposite is called the
system of …
floating….exchange rates.
4. If dealers buy
currencies forward but do
not sell forward
simultaneously, their
position is
said to be …long……
5. Dealers using two
foreign exchange markets
to benefit from rate
differentials are said to
engage in …arbitraging.
……
1. Bartering is based on
the exchange of ……
goods……for goods.
2. The Bretton Woods
Agreement stipulated that
all members would
express their
currencies in …gold….
3. When central banks
intervene in the foreign
exchange markets at the
intervention
points, this is called the
system of ……
fixed…..exchange rates.
The opposite is called the
system of …
floating….exchange rates.
4. If dealers buy
currencies forward but do
not sell forward
simultaneously, their
position is
said to be …long……
5. Dealers using two
foreign exchange markets
to benefit from rate
differentials are said to
engage in …arbitraging.
……
1. Bartering is based on
the exchange of ……
goods……for goods.
2. The Bretton Woods
Agreement stipulated that
all members would
express their
currencies in …gold….
3. When central banks
intervene in the foreign
exchange markets at the
intervention
points, this is called the
system of ……
fixed…..exchange rates.
The opposite is called the
system of …
floating….exchange rates.
4. If dealers buy
currencies forward but do
not sell forward
simultaneously, their
position is
said to be …long……
5. Dealers using two
foreign exchange markets
to benefit from rate
differentials are said to
engage in …arbitraging.
……
1. Bartering is based on
the exchange of ……
goods……for goods.
2. The Bretton Woods
Agreement stipulated that
all members would
express their
currencies in …gold….
3. When central banks
intervene in the foreign
exchange markets at the
intervention
points, this is called the
system of ……
fixed…..exchange rates.
The opposite is called the
system of …
floating….exchange rates.
4. If dealers buy
currencies forward but do
not sell forward
simultaneously, their
position is
said to be …long……
5. Dealers using two
foreign exchange markets
to benefit from rate
differentials are said to
engage in …arbitraging.
…