explain your stance on free trade based upon your understanding and agreement/disagreement with these 2 theorists.

explain your stance on free trade based upon your understanding and agreement/disagreement with these 2 theorists.

Adam Smith wrote about the “invisible hand’ and was in favor of free trade. Michael Porter wrote about national competitive advantage.

Discuss how these 2 theories are related. State and explain your stance on free trade based upon your understanding and agreement/disagreement with these 2 theorists.

 

 

 

Solution Preview

Adam’s was a theorist who wrote several books regarding the economy. His book “ free hand” supported free trade which entitles that business people should be focused on their self-interest as it benefits them and also it adds wealth to the nations. He argued that individuals should operate in a free economy, make their own decisions according to their interest and take actions that benefit the entire community (Grampp, 2000).

(383 words)

explain your stance on free trade based upon your understanding and agreement/disagreement with these 2 theorists. was last modified: by