Archive for the ‘Free Trade Impacts’ Category

The Collateral Damage of Free Trade Agreements

by David Holland

With President Trump putting trade front and centre in world affairs it is time to examine the effects trade and trade agreements have on both the environment and the poor.

This article gives a brief history of global trade. It introduces some of the fundamentals of free trade agreements and their real and perceived benefits to a counties Gross Domestic Product (GDP), and their ability to produce social capital. The text investigates the impacts of Free Trade Agreements (FTA)s and discuss the origins of globalization, trade liberalization and Investor-State Dispute Settlement (ISDS) clauses in FTAs. It looks at the side effects of these provision and gives actual example where they have failed the very societies being invested in by foreign investors. The assignment extrapolates Adam Smith’s ‘invisible hand’ to possible scenarios that would impact the livelihoods of the world’s poor and potentially devastate the values of the natural environment. It attempts to address the question; is investment in development the panacea to the world’s growing population and why is there a bias towards a growing number of relative poor? It will discuss the difficulty for governments, communities and individuals to avoid the uncontrolled ‘invisible hand’ poised to destroying their land, the environment they rely on to live and their social structures.


The Article can be found at:

The Colateral Damage of Free Trade