Wrap+Up

__**WRAP UP**__ Free trade and fair trade tie into globalization because they affect the world economy. Free trade affects the economy because it allows people to trade freely without having to pay taxes or have restrictions. It allows businesses to make any decision that affects their trade, but with fair trade it is a bit different. In fair trade there are taxes and restrictions set on goods and there are restrictions. That causes businesses to have less freedom when it comes to trading. It also makes it so that some countries don't trade with each other. If there is a fair trade system that doesn't want their country trading with another, then those countries will not be allowed to trade with each other. The trade patterns of every country will affect the overall economy because the more a country trade the more possibility there is to make money. A country can't gain money by trading only within themselves so who and how a country trades will affect the entire world.
 * How does free trade and fair trade tie into globalization?**

The debate between free trade and fair trade will most likely never end just as political parties probably won't end. There will always be different opinions on it so there will always be some countries that will be in favor of one way and another country in favor of the another way. There are many arguments for and against each type of trade and as long as there is at least one pro for each issue the debate will continue.
 * What is the future of this issue?**

This would affect you because the way we trade will affect our overall wealth. That's because a countries wealth can only grow through some sort of trade. As of now the US has a more liberal way of trade with a few restrictions. That means that our businesses can make money through not having many restrictions. As long as there is a debate between free trade and fair trade there will most likely be changes in the US economy over the years, but as of now there are debates in America on the morality of free trade. Some people argue that outsourcing jobs to place where there are bad working conditions is amoral and wrong. There will always be this debate so there will always be changes in the US economy. When the economy changes it affects you because when there is a lot of money people are more likely to spend money and the economy can get better. Usually there is a generally happy feelings in those times, but when there is a bad spot in the economy people tend to cut back and there becomes more tension. The debate between free trade and fair trade can cause many changes in the US which would change the way of overall lifestyle in the US. That is how the debate affects you as an American.
 * How does this affect you as an American?**

[|Trade Regulations Pros and Cons] [|More About Trade Regulations] [|Trade Regulations] [|Impact of trade liberalization on large companies] [|Trade liberalization benefits] [|Glossary]
 * __WEBSITES USED__**

__ ** OTHER WEBSITES **: __ [|The Fair Trade Federation] [|The World Fair Trade Organization] [|Fair Trade Labelling Organization International] [|World Trade Organization] [|NAFTA information]


 * Other Pages On This Site:

Socialist and Capitalist Views Trade Liberalization Trade Regulation QUIZ **

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