Cage Analysis Administrative

The European Union (EU) is a unique economic and political partnership between 28 different countries. It consists of about half a billion citizens, and its combined economy represents about 20 percent of the world’s total economy (Briney, 2015). Today The European Union works as a single market, with free movement of people, goods and services from one country to another. There is a standard system of laws to be followed, and since 1999 many countries share a single currency called the Euro (Europa.eu, 2015). This essay will explore the background history of the European Union and the benefits and drawbacks of the European Union.

Trade is an important transfer that is vital to the abundance of a country. International trade allows countries to exchange their goods and can improve their economies. Many businesses within the United States dislike international imports because they reduce their business within the U.S. Some people believe business can be improved within the United States by imposing tariffs on imports. Tariffs are taxes on imported goods from other countries. Others who favor international trade believe it’s beneficial to establish trade agreements. One trade agreement is NAFTA, the North American Free Trade Agreement, which President George H.W. Bush signed on December 8th, 1993. The treaty included the countries Canada, Mexico, and the United States, and intertwined all of their economies. It eliminated most of the tariffs between the three countries and installed a supply chain, which is a network where different countries make specific parts of a product. Recently, President Trump has proposed that NAFTA be abolished, to promote products manufactured in the United States. This recent situation relates to the issue of the tariffs at the Philadelphia Convention. At the time of the convention, the Northern states’ economy was based on manufacturing, so they wanted to impose tariffs to promote American products. The South’s economy was agricultural based, and exported many goods to Great Britain. So Southerners feared that if tariffs were imposed on Britain’s goods, then Britain would do the same on products from the South, which would negatively affect the South’s economy. Trade can be very beneficial to a country, but states can have different opinions on whether tariffs are necessary, depending

Three years after the North American Free Trade Agreement (NAFTA) created the largest free trade area in the world, the debate rages on.

In 1994, the North American Free Trade Agreement (NAFTA) was enacted between two industrial countries and a yet still developing nation. This was an agreement that was the first of its kind due to the relationship that the countries had and the investment opportunities that it presented. The United States, Canada, and developing Mexico decided to work towards eliminating most tariffs and non-tariff barriers between the three in order to increase the flow of trade in goods and services. Since its enactment NAFTA has led to the providing of over 40 million more jobs throughout the countries, and it has also tripled merchandise trade between the three participants to an astounding $946 billion USD in 2008 (NAFTA Now). However even then it is still not very clear whether enacting NAFTA was worth the time and effort and in fact the United States may have been better off not having joined NAFTA.

The European Union has evolved over time from a primarily economic union to an increasingly political one. This trend is highlighted by the increasing number of policy areas that fall within EU competence: political power has tended to shift upwards from the Member States to the EU. The European Free Trade Association (EFTA) was established on May 3,

The EU and the trade agreements entered into by member countries are examples of economic integration and cooperation. The benefits of joining an economic or trading bloc and reducing trade barriers can be plenty and they encourage countries to join them, and can be gained by all of the countries who are part in the economic integration agreement.

While our relations with our neighbors and other members of the European Union could possibly improve with more trade, our relations with superpowers would likely become tense. Because large states use economic and military capabilities as means for power, they act on similar behaviors. Superpowers are suspicious to other states, and see most as threats to their own survival in the international system (Mearscheimer, 17). Great powers fear states with large populations and growing economies Some could say that because this look into state behavior focuses on superpowers amongst one another, it would not apply to a great power reacting to a smaller state like

The United States, Mexico, Canada constitute the North American Free Trade Agreement (NAFTA), which in principle has eradicated all the barricades to trade among these states and developed a large North American market. Myriad economic advancements have taken place because of this treaty and are intended to enhance business in the region. Some of the most significant advancements encompass the removal of tariffs and also import and export shares; the establishment of government procurement markets to corporations in the other two countries; a rise in the opportunity to make savings in each other's state; an increase in the experience of travel among nations; and the eradication of limitations on agricultural produces, energy goods and auto

The North American Free Trade Agreement is a three-country alliance between the government of Mexico, Canada, and the United States. The newly inaugurated 45th President of the United States, Donald Trump, believes that because of the agreement, U.S. manufacturing production and many American jobs have been taken over by Mexico and that the number of job losses for the country is not worth the positive impact on the economy. Ultimately, the pros of NAFTA, including free trade, outweigh the cons and departing from the alliance will cause more unnecessary chaos throughout all three countries and cause a financial and economic decline. NAFTA and the EU have similar positive long term effects on countries economics and trade relations, and the financials of the countries would ultimately suffer if Trump were to put a stop to NAFTA and England were to leave the

This is the Cartagena Protocol on Biosafety, which establish some general basic rules on the use of GMOs to ensure the protection of the health and care of the environment. Recently, there are 163 Member States, including the European Union. However U.S has not ratified the Protocol, despite U.S is the largest producer of genetically modified crops in the

For decades, there has been many trade barriers to import and export goods from one country to another. The North American Free Trade Agreement (NAFTA) was established to diminish tariff barriers and to remove investment restrictions. NAFTA has broadened the agreement of countries being able to import and export goods and to provide better servicing. Over the period of time, the use of tariffs and any trade barriers have been reduced as the economy has become more integrated. This integration has generated less power for the government to control trade due to the benefit of economic growth. The goal of economic integration is to increase the volume of trade between countries and reduce the

Trade between the US and the EU leaves a ripple effect, not only through their own economies, but throughout the world economy, given that these are two of the world’s wealthiest nations. “The transatlantic economy is the largest and wealthiest market in the world, accounting for over 50 percent of world GDP in terms of value and over 40 percent in terms of purchasing power.” Years of trade between these two giants has demonstrated the mutual benefits of trade and has set the standard for both developed and developing countries. Their example shows the interdependence that different countries uphold and the efficiency that would result if all embraced this inter twine rather than fought to independently produce their own goods, encouraging

The United States and European Union. have different assessments of risk involving genetically modified organisms largely due to the differences in experiences involving food safety. These differences have lead for the US and EU to have drastically different regulatory agencies overseeing GMOs to combat any risks.

The European Union (EU) was established in order to prevent the horrors of modern warfare, experienced by most of Europe during the World Wars of the 20th century, from ever ensuing again, by aiming to create an environment of trust with the countries of Europe cooperating in areas such as commerce, research and trade (Adams, 2001). The EU has evolved into an economic, trade, political and monetary alliance between twenty-eight European Member States. While not all Member States are in monetary union (i.e. share the currency of the euro), those that are form the ‘Euro-zone’ (Dinan, 2006). The EU can pass a number of types of legislation, with a regulation, act, or law, being the most powerful. Its ‘tricameral’ (European Union, 2007)

With the effect of the Single European Act on 1st July 1987, the emergence of European Union (EU) as a common market has essentially been created. The benefits of this act are substantial to European firms, economies, and workers. It eliminates conflicting national regulations and trade barriers, as well as offering firms opportunity to sell their goods to all other EU members (Griffin & Pustay 2005).