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Debate Info

4
6
Trade is good Trade is bad
Debate Score:10
Arguments:8
Total Votes:10
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 Trade is good (4)
 
 Trade is bad (4)

Debate Creator

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Is Trade Good or Bad?

Our BBB4M class is trying to ask the question is trade overall good or bad for the economy and for countries. 

Trade is good

Side Score: 4
VS.

Trade is bad

Side Score: 6
1 point

As we know, trade promotes economic development and cooperation between countries. First of all, the benefits of developing trade large-scale production reduces costs. By entering the international market, companies can benefit from economies of scale. With the increase of supply required by the broader target market, the production cost per unit of product should be reduced.Economic globalization makes effective use of resources around the world, provides more development opportunities for countries, and greatly enriches and facilitates people's daily life.

Side: Trade is good
1 point

Nations can increase the quality of life for their citizens when engaging in free trade. Free trade allows the lowest-priced goods to enter the marketplace. Low consumer prices usually help individuals increase their purchasing power. Higher purchasing power allows individuals to purchase more consumer goods with fewer dollars. Not only does this increase an individual’s quality of life, but it also generates higher national economic growth through increased consumer purchases.

Side: Trade is good
1 point

My point is that trade is good because it can bring benefits to consumers. First, international trade allows consumers to spend less money on better products. Due to the globalization caused by trade markets, consumers can spend less if things produced in other countries are cheap. Second, international trade can satisfy consumers' different needs and preferences. Products produced in one country may not satisfy all consumers, and international trade can expand consumers' choice. Third, international trade affects consumers' culture and values. International trade can promote cultural exchange and development between countries. Generally, foreign trade commodities can represent the cultural attitude of the country, and domestic consumers can experience the values of different countries. Fourth, international trade affects the prices of consumer goods produced and sold in the domestic market, which leads to changes in personal wages. If the market is able to communicate these price changes, then more households will be able to enjoy the benefits of falling prices.

Side: Trade is good
kkristen(2) Disputed
1 point

You made good points, but I hold a different opinion on your first point. Although many products made in other countries, especially those produced in Asian countries like Vietnam and India, are cheaper than domestically produced goods, many of them are inferior goods. It means that consumers consume those products less frequently as their income increases; Clothes with plain design and cheap clothing materials are typical examples. Those prevailing consumer goods are often provided at a relatively high price like designer clothes and high-tech goods. In a nutshell, domestic people are spending more on the goods that they didn't feel a need to buy before International trade; Namely, International trade doesn't help people to save money.

Side: Trade is bad
1 point

1.Many of the benefits of exporting to canadians are obvious. Exports allow canadians to sell their goods and services in exchange for foreign goods and services. They also provide support directly to those who produce goods and services and indirectly to those who provide support activities to Canadian export producers.

For example, exporting means increasing output more than is produced for the domestic market, which enables economies of scale and lowers the average cost to producers, which in turn lowers prices for consumers. Competing in export markets also means seeking efficiency and innovating in all aspects of the business. Instead of trying to make many products, companies focus and focus on products or services where they have an advantage. This increases their productivity, enables companies to pay higher wages, and helps increase the country's prosperity. Firms facing challenges in export markets have increased production and become bigger. Their development has become more secure and stable. For the government, larger, more efficient companies are more profitable and therefore pay more tax, thus increasing revenue for the public Treasury.

Side: Trade is good
2 points

I believe international trade is bad because, in international trading, most of the country will subside their export product, resulting in unfair competition, losses of the domestic job, the bankruptcy of local business, over-reliance on foreign goods and corruption of the government - charlie.chen

Side: Trade is bad
2 points

I think international trade will adversely affect Canada

First of all, I do not deny that international trade has brought benefits to Canada to a certain extent, but there is a huge risk in this, and if you are not careful, you will lose money.

Secondly, I think that importing fresh ingredients is likely to cause biological invasion, destroy the original ecosystem of Canada, and cause the ecosystem to be destroyed and difficult to restore.

Third, Participation in international trade may result in the development of corresponding domestic industries being hindered, or the price of export products in the domestic market may increase, and the impact of changes in the domestic economy on the international economic situation will increase.

Side: Trade is bad
1 point

International trade would make less-developed countries struggled for development. Less-developed countries in International trade are famous for their high labor supply while being less competitive in the high tech area. The incubation of many modern high-tech industries is quite capital-intensive. The threshold of entry is usually high regarding the need for funding, intelligent human capital, time, and etc. From the world scale, there must be a comparatively advanced leader and other competing countries. If there’s no interference like trade barriers, the business in the leading position could easily knock down any late-bloomer owing to the economies of scale that the leader has already achieved. The example of Baidu could be illustrated here. Google was far ahead of any competitors within the browser area when Baidu was founded. Though the deliberate interference from the Chinese government seemed unethical, Baidu was apparently benefitted. The job opportunities that brought later by Baidu and the boost of related industries were exactly the aftermath of the protective practice. In a nutshell, international trade could inhibit economic growth and technological breakthrough, hurting less-developed countries.

Side: Trade is bad