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Arguments against Free Trade

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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.

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