Trade+Regulation

​**__What is trade regulation?__** Trade regulations are any laws passed by congress or the state to make sure that trade is competitive. These laws and regulations are a way of making sure that no business uses unfair or deceiving ways and to ensure fair competition.
 * __ Trade Regulation __**


 * __Arguments For Trade Regulations__**
 * Trade regulations can act as a way of protecting a country by not allowing that country to trade with another unfriendly country.
 * Ensures fair trade so that one country can't have unfair advantages over another.
 * By taxing foreign countries the importing country can make money off of the tariffs.


 * __Arguments Against Trade Regulations__**
 * If restrictions are too harsh then other countries can't benefit and it creates a trade imbalance.
 * Can Deny access to cheaper products because tariffs can drive up prices.
 * Can give a country an unfair advantage over another because home producer will be protected.
 * If a country takes an unfair advantage over another, then retaliation may be a problem.


 * __Impact of Trade Regulation on...__**
 * **__People in Developing Countries__**- People in developing countries can be affected both positively and negatively by trade regulations. Positive affects of trade regulations would be job creation if trade restrictions are minimal because jobs can be outsourced. In these situations industry is providing new jobs by taking advantage of their cheap labor. Those jobs can create improved living standards in those countries. The negatives could be unethical working conditions because of the cheap labor. Another problem could be environmental issues due to lack of environmental regulations in the developing country. Another negative is child labor. The people in the developing countries need money in any way so the children often work.
 * **__Large Corporations and Conglomerates-__** Conglomerates and corporations also be affected both positively and negatively. The regulations can cause companies to loose money from tariffs and other taxes. They can also loose money if the regulations are harsh because they may not be able to trade certain items or trade with certain countries. That would lead to less consumers and less income for a company. If the regulations are not very harsh, then the businesses can sill use cheaper foreign labor and just pay some of their money to tariffs. That would be a positive because cheaper labor would allow them to earn more money by spending less money to produce the goods they sell.
 * **__Governments-__** The affect of trade regulations on governments would be positive because the governments could make more money from tariffs. The governments charge tariffs or taxes on imported and exported goods when there are trade regulations so with those tariffs the government could make a lot of money. They can especially make a lot if the businesses they are taxing import and export a lot of goods. Trade regulations also allow governments to control everything that enters and exits a country(unless it enters illegally). That gives the government more control because everything that is traded would be regulated and the government would be able to choose what could be traded.