The Benefits and Drawbacks of Free Trade Economics Name Professor Course Date Abstract In the past after the end of every major war what followed was a continuous period of growth that would no sooner than later be punctuated with a mega economic downturn. After the 1st world war (1914-1918) the global recession of the 1930s would step in and all was well until 1939 when the 2nd World war broke till 1945. The post-WWII was the period of the highest economic growth ever reported in man’s history. To foster peace and reconstruct that which was damaged during the war decades economic integration has been pursued with zeal and today no country in the world is not a member of a major economic trading bloc. To be sincere Free trade has been the thing. Many countries of the world have pooled together to trade and decided to abolish their De Hoyos R. E. & Iacovone L. (2013). Economic performance under NAFTA: a firm-level analysis of the trade-productivity linkages. World Development 44 180-193. Dragneva R. & Wolczuk K. (2012). Russia the Eurasian Customs Union and the EU: Cooperation Stagnation or Rivalry?. Irwin D. A. (2015). Free trade under fire. Princeton University Press. Jackson I. (2017). The End of History and the Last Man. CRC Press. Karemera D. Koo W. Smalls G. & Whiteside L. (2015). Trade Creation and Diversion Effects and Exchange Rate Volatility in the Global Trade. Journal of Economic Integration 240-268. Marx K. (2015). On the question of free trade. Arsalan Ahmed. Novy D. (2013). Gravity redux: measuring international trade costs with panel data. Journal of Economic inquiry 51(1) 101-121. Palley T. I. (2012). The rise and fall of export-led growth. investigación económica 141-161. Salama Y. (2015). The Worst Is Still Ahead: The Privileging of Free Investment over Environmental Protection under NAFTA (Doctoral dissertation). [...]
The essay topic is, 'the benefits and drawbacks of free trade economics'. Please write an essay on this topic with at least 15 sources.