Issue 2.1: “Is Free Trade Helping to End World Poverty?”
Yes.
I support that free trade plays a significant role in ensuring that poverty is eliminated in the world. Consequently, it has enabled various countries to utilize their resources maximumly, and in this way, the growth development product increases. Also, it has made it possible for developing countries to bring their products to the markets, and in this way, rural areas can develop quickly through investors. However, the world bank and world trade organization are the determining factors in ensuring free trade eliminates poverty amongst the countries. This is because an organization like the world trade organization is the only organization in the world that has the mandate to set the policies and rules of trade. Lastly, free trade can only eliminate poverty amongst the countries globally by setting up systems and rules of the trade that support poor people and developing countries.
On the other hand, we can still say free trade is not helping to end poverty in the world because there exist potent traders around the globe who have entirely devoured the less powerful traders, and for that case, poverty will remain the order of the day. Secondly, we can say the presence of free trade in the world economy, the progress, and the effort that has been seen around is very minimal and not to the level where we can say that free trade will ensure poverty is eradicated in the world.
In conclusion, I support that free trade is helping in the world to reduce poverty. For instance, various markets that could not make to accuse broader markets can now trade within the larger markets. Also, investment is significantly taking place to ensure that rural markets also receive developments.