International Economics
| Type | Citation | Sources | Views | Words | Pages | Essay # |
|---|---|---|---|---|---|---|
| Term Paper | MLA | 8 | 40 | 1225 | 4 | 10544766 |
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Opponents to free trade have also become bolder. Their voices were highly marginalized for the first few decades after Bretton Woods, but began to grow louder beginning with the Seattle protests in 1999. It is natural that any economic system as complex as our present free trade model will have its moments of imperfection, and these have been seized up by groups and individuals as examples of systemic failure of the model. This issue will continue to be important, as the rapid and global flow of ideas in the modern era allows not only the goods and currencies of free trade to move quickly around the world, but also the ideas and protests of those discontented with the model
For much of the free trade era, the essential objective of capitalist nations, the WTO and similar bodies was to work towards unfettered trade around the world. Now we are seeing many countries back off from that. There is evidence of a split between nations with a surplus of energy resources and nations with a surfeit. Whether wealth overall is a zero-sum game or not has yet to be determined by economists, but many nations are beginning to feel that
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