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¶ … global free trade are so obvious, why are nations sometimes so reluctant to embrace measures that might enhance it?)
When looking at the nations of the world and their varying levels of acceptance of global free trade, we must see them in terms of popular opinions, the opinions of vital factions within the government, and the nature in which the given society would be changed. Many non-western societies hesitate to open trade barriers because of a perceived loss of sovereignty. Countries that harbor bitter recent memories of foreign dominance, such as India, remember a world where they were essentially the 'back office' of a mother country that played host to all important decisions regarding the fate of the country's workforce and natural resources. It should be remembered that the government of Saddam Hussain and the political party that he came to lead (the Ba'ath party) were raised on a perceived sense of imperialism. One is predicated on the 'infant industry' concept, which was developed in Germany in the 19th century. This is the belief that 'new' economies will never develop a manufacturing base if trade precludes them from developing the technological strengths that will allow them to create quality high-end consumer products. This has lead to many very counter-intuitive trade restrictions. For instance, in New Zealand prior to the reformist labor government of Roger Daniels in the 1980's, such restrictions placed ultra-high tariffs on the importation of televisions but not television components. The result was not that New Zealand started producing export-quality televisions, but rather that they would pay private firms in Japanese to disassemble Japanese televisions and ship them to New Zealand, where they could be re-assembled. Many developing…
Conservative governments, which have become increasingly pro-trade, will often support industries vital to the military, such as steel.
There is also a fear of the encroachment of western or consumerist values. In Saudi Arabia, for instance, Internet access was not available until 1999 because it was felt to be a symbol of western decadence. Several weeks ago, 'Barbie' dolls were banned in the fundamentalist kingdom because they were thought to represent international Jewry. Alternately, McDonald's was forbidden from entering the Israeli market because their food was not considered kosher. Often even in poor countries, the relative quality of imports is suspect. For instance, the Russian government recently questioned the quality of poultry due to the growth hormones that were used in its production. Some societies, such as Finland, wish to put a premium on the price of owning a car in order to discourage pollution.
Still other countries regularly engage in activities that preclude them from being signatories to international treaties that encourage trade. For instance, Norway is one of the few remaining countries in the world that practices commercial whaling. Alternately, many western countries feel that imports will jeopardize social and environmental legislation currently in place.
Since this approach is not an option, Sampayo and officials with the Matamoros Water & Sewage Board have sought assistance from BECC. Before any project can receive certification, however, the water utility must prove it is self-sufficient and capable of repaying a NADBank loan, generally through user fees. This will prove difficult, since only half the city's water subscribers pay their bills on time, 20% pay late and 30%
global capitalism and free trade. We will discuss the impact of the World trade organization on global capitalism and free trade. In addition we will discuss the purpose of the International Monetary Fund in underdeveloped worlds. We will discuss multinational corporations and the role that they play in free trade and global capitalism. Our research will also include an investigation of the political, economic and social issues the surround
Protectionism and Free Trade Principles of Economics: A Discussion on Protectionism and Trade Liberalization In the convoluted world of discussion over the future of developing countries, rich nations seem to make all the decisions, regardless of whether they benefit or harm the former group, or so it seems. This supposition is debated heatedly by those concerned and by external actors, especially when it comes to deciding whether trade liberalization is the right modality
One can understand how this occurs from an economic perspective. With globalization, the individual economic entity, be it company, small firm or individual member of society, will no longer interact with the state in the economic field, but rather with one another, and this will occur not in a limited, stately environment, but on a large, unlimited, global scale. At the same time, globalization goes hand in hand with liberalization,
Of course, consumers knowing the country of origin of Toyota vehicles have done little to harm the dominance of that car over traditional American manufacturers like GM and Ford. But in some instances, if a particular nation has received bad press regarding its labor practices, mandatory labeling as an imported good might act as an additional invisible trade barrier. Also, if a nation is being subject to a particularly damaging
Significance of the Study This study is significant because it sheds light on a very important contributor to local and international trade. Trade fairs have a long history in providing a meeting place for buyers and sellers. They are an important channel of communication for B2B buyers and sellers. This is a significant area for study because there are limited channels of communication between B2B buyers and sellers. The previous sections