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Nonetheless, the developing countries must be able to reap the benefits of international trade.

Globalization and free trade do spur economic growth, and they lead to lower prices on many goods.

Economically, unfair trade will benefit nobody in the long run, as poorer countries will be bled totally dry and will become unable to produce anything.

The advantage to Great Britain of a regular free trade in corn would, therefore, be more by raising the rest of the world to our standard and price, than by lowering the prices here to the standard of the Continent.

Globalisation has powered economic growth in developing countries such as China. Global logistics, low domestic production costs, and strong consumer demand have let the country develop strong export-based manufacturing, making the country the workshop of the world.

Historically, large-scale global trade has served two functions: 1) the exchange of goods between willing sellers and buyers described in Econ 101 textbooks; 2) as a tool of state aggrandizement, in which the private parties are stand-ins for governmental interests.

Trade has played a vital role in the social evolution of humankind. It allowed people to specialise, which raises both skill levels and efficiency. It brought people from different lands together, co-operating rather than competing over resources.

I think every country has to recognize its competitive advantage and liberate its strengths to be a partner in global trade, and that's the only way you can survive and succeed.

Globalization has redefined the competition for employment and incomes in the United States. Tradeoffs will have to be made between the two.

The E.U. imports more agricultural goods from developing countries around the world than does the U.S., Canada and Japan, combined.