How would you make a convincing case that open trade in goods and services as well as free flow of foreign direct investment will enhance the well-being of (a) consumers, (b) pro-ducers, and (c) the government of countries? Give specific examples to prove your position.

Consumers are those who benefit the most from open trade and foreign direct investment. This is because these two economic policies increase the producion and delivery of goods and services, making them cheaper.

(b) producers

While some producers would be affected by open trade, most producers would benefit. Firms are allowed to specialize in producing those goods and services for which they have a competitive advantage, and they can also profit from increased foreign investment.

(c) the government of countries

Governments also benefit from these economic policies. They higher well-being of society means more government credibility, and the higher economic growth means more government revenue in the form of taxes.

andromache andromache · Answer 2 · 2022-02-10T14:16:44+01:00

The case that open trade in goods and services, as well as free flow of foreign direct investment, should be described below:

Consumers, producers, and government:

Consumers are those who benefit the most from open trade and foreign direct investment.
While some producers would be affected by open trade, most producers would benefit.
Governments also benefit from these economic policies. The higher well-being of society means more government credibility

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