International Free Trade and World Peace

When analyzing the impact of international free trade and world peace trade on national behavior, it is very important that not only trade among countries but also trade is the essence of trade. This distinction will be explored by studying the arguments of the major economic and political thinkers of the 18th and 20th centuries. It will explore the general nature of trade, the role of the central government in trade and security, the ability of trade to contact belligerents, and the impact of international economic institutions.

The history of free trade is the history of international trade that focused on the development of open markets and it is widely believed that today's global economic system is "free trade" or "globalization". Rationalization of the theory of how free trade policy is beneficial to long-term developing countries Establishment of a free trade agreement to strengthen free trade in goods and services will benefit all parties, further economic development and growth It is considered to promote. In the real world, however, the real world is not suitable for developing countries. This puts the future global economic growth into depression and pessimism.

Today, almost all Western economists believe in the desirability of free trade. This is the philosophy advocated by international organizations such as the World Bank, the International Monetary Fund and the World Trade Organization (WTO). This is the view of the West leaders of the General Agreement on Tariffs and Trade (GATT) issued in 1947 after the Second World War. However, since the Adam Smith era, economic theory has undergone a major change, economic theory has developed rapidly since GATT. It was founded. In order to understand the trade agreement of the United States and understand how to proceed in the future, review economic theory, how to evolve it, and see the direction of today Is important.

International organizations play a central role in free order. For example, the World Trade Organization formulates and implements a free trade agreement and the World Bank provides assistance to developing countries. The premise of order is that free trade and free markets contribute to world prosperity and peace. Critics believe that the order of liberalism sometimes causes social problems such as inequality and deterioration of the environment. Critics also believe that the liberal order tends to favor the scale of the United States and its Western allies, as seen in the voting rights of the International Monetary Fund and the World Bank. Some initiatives such as Asian Infrastructure Investment Bank and Belt and Road Initiative seem to compete with existing international organizations, so some people view China as a potential challenger of free order.