Free-trader
A free-trader is an advocate for the economic policy of free trade, which involves the unrestricted international exchange of goods and services without tariffs, quotas, or other protectionist measures. Free-traders believe that such openness promotes competition, specialization, and ultimately, greater economic efficiency and prosperity for all participating nations. They champion the removal of trade barriers to facilitate the flow of goods, capital, and labor across borders, fostering global interconnectedness and comparative advantage.
Free-trader meaning with examples
- The economist, a staunch free-trader, argued that dismantling import tariffs would invigorate the domestic market and provide consumers with access to cheaper goods. He cited numerous studies showing the benefits of open markets. This free-trader's policy suggestions were met with mixed reactions, some praising the vision, while others worried about job losses.
- As a vocal free-trader, the CEO of the multinational corporation strongly supported the ratification of the new trade agreement. The free-trader contended that it would significantly reduce trade barriers, expand market access, and boost the company's profits and growth, increasing economic growth. The CEO was also advocating for reduced regulation.
- Historically, Britain's embrace of free-trader policies during the 19th century revolutionized global commerce, setting an example for other nations. The shift to free-trader principles allowed for the exchange of goods and resources, encouraging investment and innovation. The policies were designed by free-trader economists.
- During the debate, the senator, a committed free-trader, strongly defended the proposal to eliminate subsidies on agricultural products. The free-trader explained that this would reduce global distortions and level the playing field for farmers worldwide. He stated that free trade would strengthen agriculture and the economy.
