Do you think it's possible for a strong country to trade with a weaker country without controlling it?
Do you think it's possible for a strong country to trade with a weaker country without controlling it? What are some benefits for the strong country if it does not use force to control the economies of its weaker trading partners?
Answer:
The removal of government in markets is a good thing because it leads to cronyism and nepotism. Yet, it doesn't mean the income earned by the products cant be taxed to pay for basic services for the poor. Free Market, and trade make the country more economically efficient in the long run because the state that own industries tends to turn the companies into a political favor factory that leads to underinvestment by the state in those companies. Does it mean it you allow Darwin style capitalism to take shape no, because a democracy in realty has to help people in poverty thru education, health care, job training.
Sweden, Norway balance out income distribution, but the problem is the wealthy in Sweden or Norway cant consumer or own what a wealthy American can. That may create economic inefficiency, but in reality it really hasn't. Property rights, honor of contract, rule of law, shareholder rights. That what determines your country economic potential more than low taxes.
Trading is about specialization and, if politicians want to protect producers because they want to protect that segment of workers mainly because they voted them into office, but in reality closed trade drives up the costs of goods across the board. Monopolies, Oligarchies tend to do damage in some situations because a economy of scale is not needed so much as competition to spur innovation its a fine balancing act.
No, Mexico's NAFTA agreement is a prime example
if the strong country is willing to trade without controling everythin than sure! anythings possible
good luck
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Answer:
The removal of government in markets is a good thing because it leads to cronyism and nepotism. Yet, it doesn't mean the income earned by the products cant be taxed to pay for basic services for the poor. Free Market, and trade make the country more economically efficient in the long run because the state that own industries tends to turn the companies into a political favor factory that leads to underinvestment by the state in those companies. Does it mean it you allow Darwin style capitalism to take shape no, because a democracy in realty has to help people in poverty thru education, health care, job training.
Sweden, Norway balance out income distribution, but the problem is the wealthy in Sweden or Norway cant consumer or own what a wealthy American can. That may create economic inefficiency, but in reality it really hasn't. Property rights, honor of contract, rule of law, shareholder rights. That what determines your country economic potential more than low taxes.
Trading is about specialization and, if politicians want to protect producers because they want to protect that segment of workers mainly because they voted them into office, but in reality closed trade drives up the costs of goods across the board. Monopolies, Oligarchies tend to do damage in some situations because a economy of scale is not needed so much as competition to spur innovation its a fine balancing act.
No, Mexico's NAFTA agreement is a prime example
if the strong country is willing to trade without controling everythin than sure! anythings possible
good luck
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