One of the topics covered in Chapter 5 is free trade; at the end of our class session today we began to discuss the issue of free trade and whether or not we thought it was a positive or negative aspect of the economy. While looking for articles on-line about free trade, I came across the article, “ Economists Rethink Free Trade” from Business Week. This article states that “ordinary Americans” have always had their doubts about free trade, and now an increasing number of economists are beginning to feel the same way. For economists, these doubts have stemmed from the increasing stand still in income that much of the middle class is experiencing. They fear that the benefits for free trade may only be benefitting a “small group” at the top and the low-skilled workers are getting “slammed.”
Take a second to read through the article, as I previously stated, we began to touch upon this topic at the end of class today so I thought it was interesting to see an economists view point on the issue of free trade.
http://www.businessweek.com/magazine/content/08_06/b4070032762393.htm
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