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The Harms of Trade III
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This chapter concludes our enquiry into the harms of trade. It addresses the ethical implications of the fact that trade can harm individuals by destroying jobs and undermining cultural distinctiveness. It argues that, under certain conditions, concerns about socio-economic losses and cultural degradation can justify trade restrictions. However, it also argues that developed countries may restrict trade only on the condition that the restrictions they impose do not reduce the development prospects of poor countries. Towards the end of the chapter, the right of developing countries to restrict trade with developed countries is defended.
Title: The Harms of Trade III
Description:
This chapter concludes our enquiry into the harms of trade.
It addresses the ethical implications of the fact that trade can harm individuals by destroying jobs and undermining cultural distinctiveness.
It argues that, under certain conditions, concerns about socio-economic losses and cultural degradation can justify trade restrictions.
However, it also argues that developed countries may restrict trade only on the condition that the restrictions they impose do not reduce the development prospects of poor countries.
Towards the end of the chapter, the right of developing countries to restrict trade with developed countries is defended.
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