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In principle, the benefits of international trade to a country exceed the costs, no matter whether the country is importing or exporting

History May 19, 2021

In principle, the benefits of international trade to a country exceed the costs, no matter whether the country is importing or exporting. In practice, it is not always possible to compensate the losers in a country, for example, workers who lose their jobs due to foreign imports. In your opinion, does that mean that trade should be inhibited to prevent the losses? Is this an ethical or human rights issue? If so, should this be taken into account when a business engages in international trade?

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