Introduction
The research seeks to establish whether free trade has help or hurt developing countries. According to Goldstein & Jon 179 it is worth noting that for a very long time in history, there has been strong argument for and against free trade in relation to helping less developed countries gain economically.
The development of free trade models came to light as a result of its ‘presumed’ benefits however, among economists; there are those especially through the infant industry argument that strongly doubt the benefits of free trade (Bhagwati71). Such arguments have left a number of countries in dilemma of whether or not to join and engage in such kind of trade.
Free trade has been thought to be a system that entails trade policies which make it possible for trade to be done between and among countries without interference from government of the participating nations (Hurrell & Woods 173). The participants according to the policy opt to mutually benefit from exchange of products and services. Among the features of free trade include movement of capital and labor freely, free access to market and information regarding the market, absence of taxes, subsides among others (Pavenik 42).
Statement of the problem
There are no clear data and information to coin to the impact of free trade on developing countries (Pugel 31). An evaluation of benefits and draw backs of free trade is thus necessary to help make a conclusion on whether the concept help or hurt developing countries
Significance of the study
The study will bring to light both benefits and draws backs of free trade in developing countries and probably lays ground for further research.
Purpose
The goal of this study is to find out whether or not free trade helps developing countries.
Research questions and/or hypotheses
- What is free trade?
- What are the benefits developing countries derive from engaging in free trade?
- What are the drawback developing countries face as a result of free trade?
Chapter II
Since the first economic recession, man has tried to look into ways that could stabilize the world’s economy (Stiglitz 23). As documented by Aruni par. 4 free trade was an initiative thought to better in solving world economic problems. Free trade has been the focus of discussion throughout 19th to 21st century in which most economist are in favor of the concept. However, there are those who strongly argue against free trade especially in the light of its consequences to developing countries (Korten 121).
Methodology
Research design will be qualitative as well as quantitative; this will give us more insight for conclusion and recommendation to be made (Creswell 214). Case studies will also be used in beefing up the arguments.
Population and sampling
The population of interest include professional economist who are in a better position to avail the required information. Random sampling as well as stratified sampling will be employed to come up with appropriate sample.
Instrumentation
Questionnaires and interview will be used to collect primary data. Similarly, secondary data will be collected from reading literature on free trade especially in regards to developing countries; these include previous research work, textbooks as well as journals.
Assumptions
The sample will represent the population; all questionnaires will be answered truthfully.
Analysis plan
Collected data will be analyzed using non-parametric statistics.
Scope and limitations
The study has wider scope as it will bring to light if indeed there is cure for autism, which will make parents sort such treatment. Limited time, financial resource, low response rates are among the anticipated limitations.
Results and Discussions
The chapter presents the finding after analysis of the collected data is done. Additionally, the findings are linked to what exist in literatures.
Conclusions and Recommendations
This section briefly discusses the findings of the research as well as explaining the findings. Then recommendations on the basis of the findings are made on whether or not free trade helps developing countries.
Works Cited
Aruni, Mukherjee. Free Trade and Developing Countries: Beneficial or Detrimental? 2004. Web.
Using case studies, the article brings to light strong arguments for and against free trade in regards to developing countries.
Bhagwati, Jagdish. Free Trade Today. Princeton: Princeton University Press, 2002. Print.
In the book, Bhagwati fully give insight on how Free Trade is being done currently. The political, social and economic motives of free trade are thoroughly examined.
Creswell, Joseph. Research design: qualitative, quantitative and mixed method approaches. Thousand Oaks, Sage publication, 2003. Print.
This book by Creswell describes various research designs such as quantitative, qualitative and mixed design and where they can be applicable. Advantages and disadvantages of these designs are brought out clearly. It generally gives an overview of how to design a study.
Korten, David. When Corporations Rule the World. Bloomfield, CVT: Kumarian Press, 2001. Print.
The author updates readers concerning worsening human problems in the economy world. There is continuous widening of the gap between those who have and those who don’t. The desire to restructure global economy and its consequences are brought forth.
Hurrell, Andrew & Woods, Ngaire. Inequality, Globalization and World Politics. New York: Oxford University Press, 1999. Print.
Hurrell and Woods in this edition tackle the issue of inequality brought about by globalization which is characterized with free movement of goods, capital and labor.
Goldstein, Joshua & Jon, Pevehouse. International Relations: 2010-2011 Update. New York: Pearson, 2011. Print.
The book is divided into two sections covering international relation. These two sections include international security and international political economy. Issues relating to trade, power politics, and international law among others are introduced.
Pavenik, Nina. Benefits and Costs of Free Trade for Less Developed Countries, 2009. Web.
The journal by Pavenik fully brings the benefits as well as costs/draw backs associated with free trade and developing countries. Relevant examples have been used demonstrate the points.
Pugel, Thomas. International Economics. New York: McGraw-Hill Irwin, 2007. Print.
The book by Pugel gives an overview of the world economic status and particularly issues regarding free trade as the way to solve economic crisis facing mankind. Similarly, the author tackles some draw backs associated with free trade and propose what steps to take in order to avert such implications.
Stiglitz, Joseph. Globalization and its Discontents. London: Allen Lane, 2002. Print.
Stiglitz defines what id globalization. Additionally, the serious negative impact of the concept is addressed in the book.