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Beside that, trade liberalization creates losers and winners as resources move to more productive areas of the economy. Employment will increase in exporting industries and workers will be displaced as import competing industries fold in the competitive environment. With free trade many jobs have been created in the society, especially in manufacturing and service industries.
According to the Department of Foreign Affairs and Trade of Australia, free market has benefited to Australia by many ways. Over the past decade Australia's ratios of exports and imports to GDP have each risen from around 15 percent to 20 percent...
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