Buy custom protectionis trade policies
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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2959 |
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This might explain why some of the most open economies in the world like Finland and Sweden have been the source of some of the most innovative and successful firms in the world (i.e. Nokia from Finland, Ikea from Sweden).
Besides promoting economic gains, Milton Friedman also argued that free trade also gives rise to political gains by improving international relations between countries and fostering peace and harmony...
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Indeed, as countries rely more on one another for goods and services, they are more likely to settle international disputes through negotiation rather than hostility. A good example is the significant reduction in tensions amongst Western European countries after the adoption of internal free trade policies post World War II...
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