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Free trade.(The Fair Play Debate)

The National Interest

| May 01, 2008 | Hufbauer, Gary | COPYRIGHT 2008 The National Interest, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

FREE TRADE can benefit everyone--the developed and developing world. In large part because of open markets, the global economy is experiencing its greatest half century. In fact, free trade has increased American household income by lowering costs of products, increasing wages and making more-efficient American companies. And even though open markets may come with costs, the gains of globalization exceed them five times over. So, this means when there are burdens to be borne at home, Congress can well afford to help spread the benefits as workers transition. And if done right, free trade benefits the developing world, too, helping bring states out of poverty, allowing ...

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