There are several points I would consider making to try and convince my friend that stopping international trade is not the right way to address concerns about job loss and national well-being. Here are a few potential arguments:
- International trade can create jobs: While it is true that some industries may be negatively affected by imports, international trade can also create new job opportunities in other sectors of the economy. For example, exporting products to other countries can create jobs in the production, transportation, and marketing of those products.
- Trade can lower prices for consumers: Importing goods from other countries can increase competition in the domestic market, which can lead to lower prices for consumers. This can lead to increased purchasing power and overall improvements in the standard of living for people in the country.
- Trade can stimulate economic growth: International trade can help to increase productivity and efficiency by allowing countries to specialize in the production of goods and services in which they have a comparative advantage. This can lead to overall economic growth and increased prosperity.
- Trade can foster cultural exchange and understanding: International trade can also facilitate cultural exchange and understanding between countries, as people from different parts of the world interact with each other through trade. This can lead to increased cooperation and understanding between countries and can help to build stronger relationships.