Abstract
A free trade system is a market form in which goods and services can be exchanged between and within countries without any kind of government restriction or regulation. The free trade debate is obviously the most important debate of the 20th century. It has been very much politicized and the community divided itself into two main camps: The Economic Liberalists and the Neo-Mercantilists. The real question of these organizations is, 'Is free trade going to be beneficial to all or it will be the cause of problems such as unemployment, in developing countries ? It raises the question of delocalization and everything that goes with this notion.
