Is free trade good for developing countries?

Yes, because it allows them to specialise in what they are good at.
98% (41 votes)
No, because they must protect their infant industries.
2% (1 vote)
Total votes: 42

Comments

The industry must be protected at the beginning of emerging phase. In time this protection must be vanquished to leave place only to self-sustainable industries. Those industries must sustain all local economy at the end of transition, if it is an end. Are some economical fields who must be sustained "no matter what", like health and education, financial and legal administration. But the industry must be let to develop in free way. The market need to choose for herself what are the development needs for society.
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Total votes: 26
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To begin with, I can say that free trade agreement between development and developing countries is better way to improve the economy of the second ones. I consider that is the best way to create better conditions inside the economy, because developing countries would have a possibility to increase the level of export and in this way to collect additional income to the budget of a country. To cut the long story short, I believe that free trade agreement is a good thing, but anyway very sensitive sectors of an economy of a developing countries should be protected by government.
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Total votes: 26
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Nations can increase the quality of life for their citizens when engaging in free trade. Free trade can help nations develop the best economic policies for their citizens. Nations engaging in free trade allow companies to import resources or goods from international countries with no government restrictions or tariffs. Governments placing restrictions or tariffs on imported goods often increase a company’s cost of doing business in the domestic economic market. Also, free trade can help nations improve job opportunities in the economic market.
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Total votes: 22
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Yes! It is. We know from the earliest times... that the most developed countries were the ones that "traded" and especially those that had exit to the sea or to the ocean. Yes, trade must be done correctly, concretely, consciously, supervised and assumed. We need to be aware that we need to "feel business", we have to speculate, analyze and work for what we want to sell. :)
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Total votes: 24
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I believe that free trade is a positive aspect for developing countries. It can better develop the economy, competitiveness, improve production efficiency, increased their amount of or access to economic resources, free trade can improve the quality of life for a nation's citizens, better foreign relations is usually an unintended result of free trade. I believe that the infant industry can be protected, but only to a certain extent. Ultimately, the country has to decide whether to develop a particular industry, whether there are conditions and resources for its development, whether it is better to buy finished products and not waste resources inefficiently. it is not always possible to produce all kinds of goods in one country, and trade is the best way of development.
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Total votes: 25
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It is difficult to answer this question. After all, the history of economic development in different countries proves that the answer can be both "yes" and "no". Therefore, I agree with Adrian Istrimschi's opinion. It is necessary to take into account various factors, first of all, the stage of development of “free” economic relations of a developing country with countries whose economies are better developed. The case of Ukraine here is indicative. In 2014, Ukraine signed an Association Agreement with the EU. The agreement provides for certain "soft" transitional provisions for Ukrainian residents. That is, it is about protecting certain sectors of the national economy of Ukraine. But they are of a temporary nature ((. This period Ukrainian enterprises and entrepreneurs should use to enhance their own competitive advantages. I think this process will lead to a deeper specialization of the Ukrainian economy.
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Total votes: 22
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Natalia, your point of view is ok but we are not talking about Ukraine so it is not correct to report your answer to the situation from there. Generally speaking the free trade is OK but is better if we analyze and verify all aspects. Thank you!
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Total votes: 13
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I believe that free trade for developing countries is good and important in the actual society. An developed country means, beside the economic and technological aspects, an example for the other countries from the international system and in the same time and ally/ partner for trades. When we talk about the power of a country an important aspect should be her visibility and capacity to negociate with others on the international market ( talking also about the military, political or economical aspects). Free trade of goods is an clear sign an globalization and connexions between the states. The trades usually follow the benneffit of both seller: export and increasing the amount of money in the country and the buyer: providing the goods he needs. Free trade goods is also a sign of cooperation ( soft power, liberalism - democracy). It's also an important principle of the EU in which free trade of goods and people can create an idea about an continental country. Also, free trade is an action through which some products are shared in the places where can't be accessed (food, oil, minerals and other resources). All in all, I believe that free trade goods is an sign of evolution and cooperation.
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None of these answers can be absolutely correct. It all depends on the internal and external development factors of each country. However, free trade gives more chances for economic development of the country. Certain sectors of the economy must be protected by the state to shape its economic and social security. But in most sectors of the economy, only competition can ensure the effective economic growth and development of the industries that are most in need now. And the more developed and stable the economy of the country, the more opportunities for the development of competition and free trade. But for developing countries, a certain level of protectionism can ensure further stable economic development, but only for a short time.
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Free trade is an economic practice whereby countries can import and export goods without fear of government intervention. Government intervention includes tariffs and import/export bans or limitations. Free trade offers several benefits to countries, especially those in the developing stage. "Developing countries" is a broad term. According to a widely used definition, a developing country is a nation with low levels of economic resources and/or low standard of living. Developing countries can often advance their economy through strategic free trade agreements: - Increased Economic Resources, - Improved Quality of Life, - Better Foreign Relations, - Improved Production Efficiency.
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