Read the given passage carefully and answer the questions that follow :
Case for Free Trade
The act of opening up economies for trading is known as free trade or
trade liberalisation. This is done by bringing down trade barriers like
tariffs. Trade liberalisation allows goods and services from everywhere to
compete with domestic products and services.
Globalisation along with free trade can adversely affect the economies
of developing countries by not giving equal playing field by imposing
conditions which are unfavourable. With the development of transport
and communication systems, goods and services can travel faster and
farther than ever before. But free trade should not only let rich countries
enter the markets, but allow the developed countries to keep their own
markets protected from foreign products.
Countries also need to be cautious about dumped goods; as along with
free trade, dumped goods of cheaper prices can harm the domestic
producers.
