Free trade benefits all countries involved from "summary" of Free to Choose by Milton Friedman
The idea that free trade benefits all countries involved is a concept that is often misunderstood. Many people believe that free trade only benefits certain countries, while others are left behind. However, this is not the case. In reality, free trade benefits all countries involved because it allows each country to specialize in what they do best and trade with other countries for goods and services that they cannot produce as efficiently.
When countries engage in free trade, they are able to take advantage of comparative advantages. This means that each country can focus on producing the goods and services that they are most efficient at producing, while importing goods and services that other countries are more efficient at producing. By doing...
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