Free Trade Is Superior to Protectionism

While I am from the US and will probably have a lot of statistics from the US, I will attempt to prove my case from the international perspective. In this round, I will mainly look at the benefits of free trade; I will get to refuting protectionism in round 3. I. Free Trade Satisfies DemandNo country has everything it needs to survive, and all states have or produce something that gains them export money, or a comparative advantage. This means that every country has a necessity for imports that is balanced by exports. This fulfilles consumer demand that would otherwise go unresolved. Imports and exports create more competition in each country's marketplace, and this lowers prices and increases efficiency, which means that free trade is a net benefit to consumers, and therefore to the economy as a whole. All of the implications of this simple idea add up to a remarkable economic plan. For example consider that free-trade oriented economics have GDP-per-capitas of over 10 times higher than countries that aren't: "According to the Cato Institute’s 2004 report on Economic Freedom of the World, which measures economic freedom in 123 countries, the per capita gross domestic product in the quintile of countries with the most restricted trading was only $1,883 in 2002. That year’s per capita GDP in the quintile of countries with the freest trading regimes was $23,938. "[1]"Of the 142 nations whose economies have been observed during this seven-year period, those that opened their markets the most grew twice as fast as those that opened them the least. "[2]Free trade develops industries that are very helpful to the economy and to consumers: "The rule of law is the first and most important institution fostered by free trade. In order to enforce contracts, prevent merchandise robbery and damage, and protect ships and their crews, trading countries need to establish a framework of objective rules under which free trade will be conducted. At the same time, those countries need to have a law enforcement mechanism to apply those rules, such as a police force and an independent judicial system. The proper functioning of these two institutions encourages individuals to initiate businesses and to sell, buy, and seize to the maximum extent the economic opportunities of free trade. A third institution fostered by free trade is the banking and financial system, which gives individuals access to credit and a place to save and keep their earnings. At the same time, financial instruments, like checks and money wiring, lower the transaction costs associated with trade. Today, the Internet and other telecommunication technologies have significantly reduced the cost of trading worldwide. The result is that more and more people are able to reap the benefits of trading with any nation around the world. "[2]Likewise, free trade promotes innovations in infrastructure: "Free trade also promotes the improvement and expansion of infrastructure. The construction of ports, where ships and airplanes can arrive and safely unload and load merchandise, must expand to accommodate free trade. Hangars and other types of barns located at ports offer the opportunity to store merchandise temporarily. At the same time, free trade fosters the construction and preservation of roads for trucks and automobiles to transport merchandise safely to its final destination. "[2]That's about the extent of my introductory argument. I'll have a lot more to say in the next two rounds when rebuttals and defense come, but I feel that my essential argument has been offered. Sources[1]: . http://www.cato.org...[2]: . http://www.heritage.org...