Discuss the Arguments Put Forward by Economists to Justify Reducing Trade Barriers

Naturally countries hold different resource endowments and efficiencies of production. Some nations will have labour forces more skilled in certain sectors then other countries and thus will hold better efficiencies in production in those sectors. Others may have large resource endowments; and hence the need for nations to trade in order to increase their peoples standard of living. The theory of free becomes based on the principal of comparative advantage. …