Topic > Trade Liberalization: The Importance of Trade…

Trade liberalization fosters competition, allowing other countries to become competitive with each other and develop better goods in order to innovate better products. These countries keep prices low and quality high to maintain or increase their market share (Froning, 2000). In the United States, electronics and pharmaceuticals are our most innovative assets and we are able to capture growth in the sector while still keeping prices low. In just one year, job growth increased by 2 million in the United States alone between 1998 and 1999. Over the years, rapid growth has accelerated and shown nothing but progress and demonstrated that the liberalization of business is working. Trade liberalization in the United States is positive and shows economic growth over the decades. A growing number of countries continue to share the benefits of the American emphasis