Is it possible for international trade to benefit both our country and other countries without raising prices for consumers?
With the proper negotiation and coordination, trade could lower costs for both producers and consumersBy fostering competition, international trade could also lead to efficiency gains in the economy that will indirectly benefit consumers.
It's hard to say, but I think that trade can be beneficial for different reasons beyond the price of goodsFor instance, trade can help boost innovation and productivity, which, in the long term, might lead to better standards of living for everyone involved.
Absolutely! I think it's about striking the right balance and taking a win-win approachOur country can export products that are in demand in other countries while importing products that we can't produce locally. With the proper negotiation and coordination, trade could lower costs for both producers and consumersBy fostering competition, international trade could also lead to efficiency gains in the economy that will indirectly benefit consumers. It's hard to say, but I think that trade can be beneficial for different reasons beyond the price of goodsFor instance, trade can help boost innovation and productivity, which, in the long term, might lead to better standards of living for everyone involved. Unfortunately, I don't have an answer to that right nowBut it is possible that with the right policies and practices, international trade could deliver positive outcomes across the board.