Center for Liberal Leadership

By Kai Jager

The embodiment of free international trade has been a matter of interest for liberals for centuries. Free trade is closely related to globalization, but trade between people from different countries is not a new appearance and has always existed in human history. The theoretical explanation why free trade benefits the economy was developed by Adam Smith and David Ricardo in the 18^th and 19^th century. Since then, a lot of controversial discussion on the issue have taken place. Nowadays, there is a going outcry against free trade by globalization opponents. Their message is that these “neo-liberal” market reforms will lead to higher unemployment in the developed world and exacerbate the situation in poorer countries. What can liberals offer in the debate to refute these arguments?

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Originally posted at FNF Asia publication site