Mention "free trade" in any public discourse today, and one is likely to come up with such topics as NAFTA, the Central American Free Trade Agreement (CAFTA), the Free Trade Area of the Americas (FTAA), the World Trade Organization (WTO), and Fast Track Trade authority for the president.
"Free trade" means simply an absence of any government intervention in business. Government intervention can take the form of tariffs and other taxes, trade sanctions, import quotas, regulations, ...
Read all of this article with a FREE trial to HighBeam
(This preview shows 499 of 18,787 characters)