Arguments against Free Trade:
1) Dependency: if
increase free trade in worldwide one country will export and another country
become very much dependent to the foreign countries.
2) Variety of
Production: lack of production specialization and variety of production, a
country has to produce according to specialization.
3) Materialism:
import some unusual and luxury products and create materialism in the society.
4) Economic crisis: Economic
crisis will increase when free trade is possible, a country’s economic crisis and social unrest can spread into
other countries.
5) Imbalance economic growth: For industrial
and agro based economy, there is no chance to be an industrialized economy. It create
the negative impact of economy.
6) Imperialism:
there is a chance of country or territory occupied and controlled by foreign
settlers.
7) Business gains:
developed and large countries are always try to be benefited and keep competitive
advantage than small countries from free tread.
8) Dumping tendency:
At the time of expand market in worldwide, company take dumping strategy for
more profit or increase brand image, it has negative impact on economy.
9) Industrialization:
free trade will make a country dependent and destroy the foundation of
industrialization due to foreign competition.
Thanks for info
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