Global trade benefits all from "summary" of Capitalism and Freedom by Milton Friedman
The principle of global trade being beneficial to all parties involved is a fundamental tenet of economic theory. When countries engage in trade with one another, they are able to specialize in the production of goods and services in which they have a comparative advantage. This leads to increased efficiency and productivity, which in turn results in higher living standards for all involved. By opening up to international trade, countries are able to access a wider variety of goods and services at lower costs. This benefits consumers by providing them with more choices and lower prices. At the same time, producers are able to reach a larger market for their goods and services, leading to inc...
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