Greater trade can make bribery and corruption less prevalent across the world. This is important for the efficiency of markets, as bribery and corruption raise the costs of business for new firms, thereby acting as a form of non-tariff barrier.

Question

Answer

Con: Multinational companies often offer bribes to politicians and business leaders when expanding to new markets, thereby illictly increasing their share of the market.

Answer

Pro: Backlash from one's trade partners may lead to pressure to reduce corruption.

Is more trade always beneficial for countries?

Greater trade can make bribery and corruption less prevalent across the world. This is important for the efficiency of markets, as bribery and corruption raise the costs of business for new firms, thereby acting as a form of non-tariff barrier.

Pros

Cons

Backlash from one's trade partners may lead to pressure to reduce corruption.

Multinational companies often offer bribes to politicians and business leaders when expanding to new markets, thereby illictly increasing their share of the market.

Selected claim, supporting its parent

Greater trade can make bribery and corruption less prevalent across the world. This is important for the efficiency of markets, as bribery and corruption raise the costs of business for new firms, thereby acting as a form of non-tariff barrier.

Pro claim 1, children below

Backlash from one's trade partners may lead to pressure to reduce corruption.

Con claim 1, children below

Multinational companies often offer bribes to politicians and business leaders when expanding to new markets, thereby illictly increasing their share of the market.