Free Trade benefit Essay Example | Topics and Well Written Essays - 1250 words

Free Trade benefit - Essay Example Also when countries trade their specialties, nearly all the stakeholders receive the benefits. Free trade theory claims that economic competition with minimal government intervention will lead to greater efficiency, productivity, and innovation; will reduce costs for consumers; and will free up more capital for further investment. First of all, the role of free trade is removal of trade barriers such as tariffs which should promote economic growth, foster a cooperative spirit among nations, help developing nations into becoming independent economies, and end poverty around the world. Free Trade benefits developing countries because it provides economic opportunities, improves working conditions, and advances their technology, becoming more globally conscious. Free Trade provides developing countries different opportunities for economic growth. If free trade becomes a universally acceptable economic system, provisionally wealthy countries and developing countries both gain a number of benefits to grow the worldwide economy. Trade is the greatest factor that leads to economic growth. When trade occurs as a result of true demand and supply, the economic growth that occurs also truly reflects the increase in economic welfare. Thus, free trade brings about increased economic growth, which means better and more jobs; advanced standards of living and so on. Free Trade is not only beneficial for wealthy countries, but also developing ones. The growth is the solution to world poverty. Additionally, free trade improves working conditions for workers in the developing nations. Free trade can help global workers who are working under torrid conditions. If my friend told me â€Å"I feel bad that workers are laboring under life-threatening condition s to produce the goods I buy. However, I don’t know how to change my consumer habits.† I agree we all feel difficulties in changing our consumer habits. Even though

Humes Critique of Causality Essay Example | Topics and Well Written Essays - 250 words

Humes Critique of Causality - Essay Example Our idea of causality arises from our impressions of three kinds of relations between objects: the relation of contiguity or contact, such as when billiard balls collide, and second, temporal priority, the idea that the effect should immediately follow the cause. These two, when taken together, is what Hume calls conjunction, which can be confirmed by sense experience, but it cannot give us an idea of necessary connection. The third kind of relationship that must be present in our idea of cause and effect is indeed, necessary connection. By necessary connection, Hume means the relation between cause and effect in which the cause necessarily produces the effect. But from what impression do we derive the idea of a necessary connection between cause and effect? Hume claims that there is no rational proof or basis for the causal principle; â€Å"this principle is mere custom or habit† (Hume 37). We only think that a particular cause must ‘necessarily’ have a particula r effect because we have the idea of a necessary connection between a cause and an effect after we experience their conjunctions repeatedly. If Hume were right here, science would seem to be an impossible endeavor, for it is based on scientific causal laws (Lavine 168). If causality were reduced to a mere psychological law, then we would have no basis for scientific knowledge or any objective knowledge for that matter. The foundations of knowledge would collapse into nothing but meaningless psychology.