Trade+Liberalization

__ Trade Liberalization __

__** What is trade liberalization? **__ Trade liberalization is when any type of regulation or barrier on trade is eliminated. Some of the eliminated barriers include tariffs and quotas. __** Arguments for Trade Liberalization **__
 * Trade liberalization will provide more jobs.
 * Since there would be more jobs trade liberalization will encourage economic growth.
 * Since trade liberalization provides the opportunity to grow economically there will be many higher paying jobs.
 * Trade liberalization can improve the overall world welfare.​

__** Arguments Against Trade Liberalization **__
 * Can cause governments to face deficits.
 * Loss of jobs due to competition to countries that will work for lower wages.
 * Damage to the environment because companies can move to countries with less strict environmental regulations.

**__Impact of Trade Liberalization on...__** >
 * __** People in Developing Countries- **__ Trade liberalization has a good impact on developing countries because it allows the people in those areas to trade easier and less expensively. If a country is just developing it doesn't have the best economy and trade regulations like tariffs make it harder to trade and profit. Having trade liberalized allows developing countries the opportunity to make more money and improve their economy which in turn makes living conditions better for the people.
 * __** Large Conglomerates and Companies- **__ Trade liberalization also has a positive affect for large companies because it trade liberalization gets rid of the many obstacles that keep companies restricted. Those restrictions take most time and money. They take time to fill out correctly, but most importantly the regulation like tariffs cost money. Some companies loose billions each year from taxes and with complete trade liberalization those companies could profit much more. That's because they wouldn't be loosing money from the regulations**__.__**
 * __**​ Governments- **__ In a system with trade liberalization a government can be negatively affected. That is because in a system like that there are no taxes that can benefit the government . The government can face deficits in a situation like that. Governments can make billion maybe even trillions of dollars off of taxes on companies and goods per year and without those taxes the government looses money.