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"Free trade is great even when applied unevenly." Is it? Lets assume a real FTA with the EU and Mercosul. Result? EU agriculture will nearly collapse, and Bra
by jayalpha 8y ago
"Free trade is great even when applied unevenly."
Is it?
Lets assume a real FTA with the EU and Mercosul.
Result? EU agriculture will nearly collapse, and Brasilian industry will nearly collapse. Sure, prices of electronics, cars and consumer goods will be lower in Brazil and food prices will be lower in the EU.
Trade barriers helped countries like Brazil, Korea, Japan and likely China to build up their own industries before agreeing to FTA. I am in favor of FTA but I am not sure that they are a solution to every problem.