Protecting American Manufacturing Jobs in the Free Trade Era

Free Trade and Protecting Manufacturing Jobs Student’s Name: Institution: Course: Instructor: Date: Free Trade and Protecting Manufacturing Jobs The economic principle of comparative advantage offers justification for global trade by demonstrating that specialization facilitates mutual gains for countries. Nations have varying production capabilities for different goods and services that leads to specialization on various industries. As the global trade increases, it leads to growth of economies around the world where consumers have access to imports and manufacturers sell to overseas markets. The benefits for free trade include economic growth, access to a wide range of products and services, and wider markets for organizations (Nwoke, 2020). Nations make strategic decisions to control global tirade activities to increase efficiency and gain a comparative advantage in producing goods and services. A nation more equipped to produce a certain product can export it to the global market and the consumers in the country can import other products and services from overseas manufacturers. The concept of global trade is an important economic principle that facilitates the growth of economies and increases the variety of goods in the market. Criticism against free trade in the United States has been centered on the potential effect it has to manufacturing jobs for millions of Americans in various sectors of the economy. Protecting American manufacturing jobs by managing free trade is vital for the organizations, workers in the affected industries, and the national economy. Overseas manufacturers with a greater cost advantage than American companies have the potential to sell