Introduction Debate concerning whether to encourage free trade remains a controversy. Some countries favour free trade while others underscore the benefits that accrue from free trade. Trade plays a vital role in ensuring economic growth and a decline in deficits. Free trade function perfectly compared with fiscal and monetary policy adopted in counteracting the effects of subprime crisis. Additionally, regional trade and international trade experience barriers to trade. Different states and countries have barriers that restrict trade from going on smoothly. The degrees of the restrictions that prevail in an economy are in relation to the movement of services and goods across territories. The two-trade experiences a considerable number of restrictions such as exchange control, tariff duties, and quota restrictions among others. As such, the economy experience similar problems, as a result, of the tariffs that are being imposed by the countries involved. The governments, therefore, should favour free trade against national interests (Cavusgil & Knight, 2012). Discussion Free trade among nations will accelerate development of the least developed nations. Free trade implies that tariffs will be minimal, or there will be no barriers to trade, thus opening up the global market for the non-competitive industries in developing nations. Europe and United States maintain prohibitive barriers that restrict exports from a developing nation’s especially agricultural products and textiles. The development of poor countries rests in free markets and at the same time on their competitive participation in the world market (Young, 2009). This will form a platform for economic growth since developing countries will increase their exports and elevate foreign direct investment in their countries. As a result, they will gain much in terms of capital formation than from the foreign assistance they receive from a developed nation. Capital formation will ensure a sustained growth of the economy, hence mitigating the country’s poverty standings. In addition, free trade will be helpful to developed countries since they will have a ready market for their products. Free trade supports the aspect of globalization and liberalization around the globe. Countries indicate success in adopting universal decisions that call for imitation by other countries. For instance, when US liberated the communication sector with success, other countries eliminated trade barriers in this sector. This move has encouraged the progress of world trade organization (WTO). More so, free trade will yield low mortality rates, reduced poverty levels, improved health, and decreasing hunger. With trade liberalization, chronic hunger has reduced by half with life expectancy increasing in developing countries, according to WTO. The other indicator of economic development is increased literacy levels. This is evident in countries that have adopted unilateral decisions reforms and as such, countries with increased contacts and trade with others records a credible progress (Bhagwati, 2002). Liberalization and globalization act as a channel for extending rights to women. The reforms reveal women as potential and valuable resource. Women can engage in business activities, generate new ideas, go