Free Trade is a documentary film released in 2007, directed by Sven Barkman and featuring Johan Norberg, a Swedish economist and author. The film has a runtime of 58 minutes, and is part of Norberg's series advocating for globalization and free trade. The film starts with Norberg narrating a brief history of the evolution of the economy, and how free trade has helped transform the world's economy from isolated, poverty-stricken countries to a global marketplace in which countries, businesses, and individuals can flourish.
Throughout the film, Norberg interviews economists, policymakers, and business officials from various parts of the world, including Peru, China, and Sweden. He discusses with them the benefits of free trade, including increased income, better working conditions, and improved consumer access to goods and services.
One major theme of the film is the contrast between the economic conditions of countries that have embraced free trade, and those that have not. Norberg highlights the example of the socialist policies of the Venezuelan government, which have led to hyperinflation, shortages of basic goods, and mass migration. In contrast, he points to the success stories of countries such as China and Peru, which have recently adopted market-oriented policies, leading to tremendous economic growth, poverty reduction, and increased living standards.
The film also delves into the topic of protectionism, and the harm it can cause to both domestic and international trade. Norberg argues that while protectionist measures, such as tariffs and subsidies, may benefit certain industries in the short-term, they ultimately hurt the economy as a whole by limiting competition and innovation. He cites the example of the European Union's Common Agricultural Policy, which has led to high prices and inefficiencies in the agricultural sector.
Norberg also examines the issue of outsourcing, and the role it plays in the global economy. He argues that outsourcing allows companies to increase efficiency and lower costs, which benefits consumers by reducing prices and increasing quality. He cites the example of the Indian IT industry, which has boomed thanks to outsourcing from the West, creating high-paying jobs and promoting technological innovation.
Finally, the film ends with a discussion of the role that the World Trade Organization (WTO) plays in promoting free trade. Norberg argues that while the WTO is not a perfect institution, it has been instrumental in helping to coordinate and promote trade liberalization around the world. He also highlights the need for continued efforts to break down trade barriers and build a more integrated global market.
Overall, Free Trade is a thought-provoking and informative documentary that presents a persuasive argument in favor of free trade and globalization. Through interviews with experts and real-world examples, the film encourages viewers to rethink their assumptions about the costs and benefits of global trade, and to consider the potential benefits that could be gained by embracing market-oriented policies. Whether or not viewers agree with Norberg's conclusions, the film is a valuable contribution to the debate on one of the most pressing issues of our time.
