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Free trade and international
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Free trade and international economics system
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Human Rights
Another social issue in free trade today is that of human rights. Nations seeking to improve their economies sometimes do so without granting their citizens basic human rights. The issue is especially topical in relation to China, whose issue on human rights is deplorable. Increasingly, however Western nations face political and social pressure to tie their trade policies with social policies. Bill Clinton was criticized for granting most favored nation trading status to China, for example. The basic economic case is that historically human rights have followed wealth. The right to trade is an essential human right as well, and human rights should be off the table at trade discussions. Indeed, liberalization of trade is a key stepping stone to improved human rights (Dorn, n.d.)
Intellectual Property Rights
Among the many core components of the Western economic system is the rule of law. The most pressing legal issue in international trade today is that of intellectual property rights. The protection of international property rights is a critical issue in free trade because such protections are crucial to economic development. Poor protection of intellectual property rights reduces incentive for firms to invest in research and development, thereby reducing
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