More trade creates more efficient global markets, ensuring long-term prosperity.

Question

Answer

Pro: More trade would allow for greater sharing of resources and technologies across the world.

Answer

Con: When trade is increased, it may favor large exporting companies while harming their smaller competitors. This may decrease competition as a few huge firms dominate global markets.

Answer

Pro: 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.

Is more trade always beneficial for countries?

More trade creates more efficient global markets, ensuring long-term prosperity.

Pros

Cons

More trade would allow for greater sharing of resources and technologies across the world.

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.

When trade is increased, it may favor large exporting companies while harming their smaller competitors. This may decrease competition as a few huge firms dominate global markets.

Selected claim, supporting its parent

More trade creates more efficient global markets, ensuring long-term prosperity.

Pro claim 1, children below

More trade would allow for greater sharing of resources and technologies across the world.

Pro claim 2, children below

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.

Con claim 1, children below

When trade is increased, it may favor large exporting companies while harming their smaller competitors. This may decrease competition as a few huge firms dominate global markets.