Does Free Trade Retard or Improve Development in Developing Countries E

IntroductionThe 19th century international system was a very significant era of the doctrine and practice of free trade. This spot date in the 19th century was 1846, the year England repealed the corn law. The corn laws had protected British aristocrats and farmers from imported corn. Corn at this time was used to sham bread. This dispute pitted industrialists and m all workers against landowners and farmers. The industrialist wanted cheap corn so that the cost of bread would be lowered and they could reduce or reduce workers wages. This would fuddle their products a competitive advantage in international markets over products from nations where the cost of food and wages were expensive. The workers in Britain also supported this law because they wanted to debase cheap bread. David Ricardo, a stock trader and member of parliament, articulated the liberal theory of comparative advantage which made intellectual case for free trade. today this theory of comparative advantage has re mained the bedrock of arguments for economic integration and free trade. The broad purpose of this paper is to try and answer these questions Does Free Trade advance or Retard Development in Developing CountriesIs Free Trade really Free.Free trade is the trade among two or more countries without any limitations imposed by the governments or other regulators thus the free movement of goods and services across national frontiers (OBrien and Williams, 2007 p.139). (Vander .W, 2005 p.24). It points to the liberalisation of the markets of nations through the elimination of tariffs, quotas and other bod of restrictions to allow the free flow of products beyond national borders. Benefits of Free Trade Trade Openness. Free Trade has remained a fundam... ...the Barrel Africas Oil microphone boom and the Poor. Available at http//www.crsprogramquality.org/storage/peacebuilding/Bottom%20of%20the%20barrel.pdfEuropean Commission, (2012). Trade, growth and development Tailoring trade and inves tment policy for those countries most in need SEC (2012) 87 final.OBrien, R. and Williams, M. (eds.) (2007) Global Political Economy Evolution and Dynamics. 2nd edition. Basingstoke Palgrave.OECD, (2009). Journal on Development Trading Out of Poverty How Aid for Trade female genitalia Help.World Bank (2000) World Development Indicators 2000. Washington D.C World Bank Online Available at http//data.worldbank.org/indicatorStop Free Trade Available at http//www.stopftaa.org/is-free-trade-really-free-what-it-costs-a-country.htmlUNCTAD, (2004).The Least Developed Countries Report . UNCTAD/LDC/2004 (Overview), sales no.E.03.II.D.9.