After The late twentieth century has been characterized by an increase in free trade agreements, Advocates of free trade argue that it results in increased economic growth.
Free trade refers to the exchange of goods and services between countries without tariffs, quotas, or other restrictions. In the late twentieth century, there has been an increase in the number of free trade agreements between countries, which has led to an increase in international trade and economic growth.
Proponents of free trade argue that it leads to increased economic growth by allowing countries to specialize in the production of goods and services that they are most efficient at producing, leading to increased efficiency and productivity. Free trade also allows countries to access a wider variety of goods and services at lower prices, which can lead to increased consumption and economic growth.
However, it is important to note that free trade can also have negative effects, such as increased competition for domestic producers and the potential for job losses in certain industries. It is important for countries to carefully consider the potential benefits and drawbacks of free trade before entering into agreements.
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