I thought this article was very good, but one point of the argument I just can’t agree with Read more
Tag free trade
Free Trade–Not Always The Solution
The World Bank, and the International Monetary Fund have both followed a prescription of encouraging free trade. Some of the devastating effects are included in this article available on Bloomberg.com: Exclusive. Encouraging countries to avoid self-sufficiency in their food supply is a very dangerous act. Poor countries, especially, do not have a consistent set of services or goods that they can export, which is both needed to purchase imported food and the very reason they are poor. Encouraging specialization in a small country, the ultimate aim of free trade, is in effect and investment strategy that ignores diversification and insurance principles. And for a small country far too risky. Read more
