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The economy is affected by multiple factors. This includes trade. The government regulates trade to avoid harm to its people. However, some believe otherwise in which we should have free trade. An article argues that we need to change our trade so it’s still regulated, but however, it is more free. This article is reliable due to the fact that it is written off of an economic major who is senior. However, he may be biased due to the fact that it’s his personal opinion and possibly exaggerate some of his claims, but overall, people can trust this article.
The government protects our food. Most of the food we eat today is actually imported. The FDA controls food from international trade as stated by the article. This means that the FDA actually checks in our food to ensure that it is safe for the population to eat. Without the FDA, people would eat random food from outside the country and who knows, they could even be poisoned. With random food everywhere, people would be fearful of the food the country gets from other countries, and the people would limit themselves to the United States’ food. As we get food from exterior countries, this not only boosts our options but also impacts our economy since we export as well as import goods.
The government can regulate trade to help support the economy. Trade and Economy are considered dependant on one another. If one is low, the other is usually going to be low, and vice versa. “ U.S. trade, regulatory, and development objectives are mutually dependent.” This means that they are closely linked. If trade isn’t going so well, then the economy won’t be rising either. If the economy isn’t as high people want, it can harm everyone and decrease the value of everything. If everything is decreased, then nobody would want to purchase any goods beyond their needs. This would mean a massive shove in the people, one in which nobody wants. So to avoid this, the government prefers to regulate trade, to ensure nothing goes wrong.
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