International trade is better for all countries because it creates a global market in which all countries can trade based on their individual abilities.
No country is able nor it has the resources necessary to produce all the needed goods on its own. In order to do so, natural resources, labor market and manufactures would have to be working perfectly all the time.
Most countries share their trading business with others, exchanging material, labor force or the already produced goods. This way, each country does what it knows it does best and the poorer, not so developed nations are taken into consideration as well. This creates an international cooperation of nations that support each other in difficult times and provides for stability in the world's economy, enhancing fair competition, free labor movement and fair prices.
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George Washington
On April 30, 1789, George Washington, standing on the balcony of Federal Hall on Wall Street in New York, took his oath of office as the first President of the United States.
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Protection of domestic industries.
Free trade does not protect domestic industries as multinational corporations tend to be more competitive with draws the market share within a market.
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Digital Millennium Copyright Act (DMCA)
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The DMCA was passed in the year 1998 in the US and is considered a copyright law. However, it does not focus on copying issues mainly but is actually focused on copyright infringements and distribution of tools and software. The law covers all technological, digital and other services through which distribution and dissemination of copyrighted work can occur. This way it provides protection to those who are legally distributing copyrighted work and takes action against those who are illegally distributing copyrighted work. The law is basically focused on the implementation of the treaties signed with the World Intellectual Property Organization.
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elections become more democratic
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