International Economic Policy: Book Review
The book reviewed in this essay, International Economic Policy in the
1990s, was to focus on some of the most recent concerns about international trade. Its author, William R. cline, seems to have some good insights about the topic as it seems that he researched, taught and lectured about this field of study. The author tried to be as objective as possible and tried not to be biased by referring to the different opinions about most of the issues he handled. However, as it is really impossible to be totally unbiased, some biases were to exist due to their necessity to form an argument. Furthermore, other biases can be detected through his writings by remarking the aspects of international trade
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Another notice was that the future of Europe is depending heavily on what will happen to the
"volcano" next to it, which is the former Soviet Union. This as the author thought, should make Europe assist the former Soviet Union in order to assure that Europe will not be affected by problems such as economic immigrants (204).
At his conclusion, he was to mention that Europe could play a similar role to the world trade in the future as the one played by the US after the Second World
War.
He was to look at the Uruguay Round and have some interesting remarks about it. There are two of them that seemed to me as interesting. The first one states that major achievements in the Uruguay Round need not to be by further liberalization of trade, but by the very fact that such a round reassured the already given promise not to return to protectionism (231). As for instance
Japan was fearing "new protective barriers that might be otherwise wise set up against Japan" if the round was not held (69). The second one was to show how the areas in which the round was to seek further liberalization were divide into two; categories: the first include services, intellectual property, and investment, while the second included agriculture and textiles. He remarked that developed countries agreed to liberalize the second category as to encourage developing countries to liberalize the first category (68).
Another topic, that he was to view, was the effect on the
1. What is the author’s view of his subject matter? What evidence supports this conclusion?
· What conclusions did the study reach? Are the conclusions appropriate? Why or why not?
What was the purpose of this study? (i.e., what question(s) did the authors want to answer?)
Method: The type of article would be an empirical study. The purpose of the study was to examine
What was the background for the research study? That is, what previous knowledge did the author describe as a foundation for the study in the “review of related literature”?
· The results of the study, the interpretation of the data by the authors and any conclusions they include at the end of the article.
What was the research question? (Some authors are more general and state only a “purpose” for the research study. If so, indicate the
It explains each person’s research that they did and what they concluded from it. It talks about how even though there may
What was the research question? (Some authors are more general and state only a purpose for the research study. If so, indicate the purpose.)
Regional trade agreements (RTAs) are not new, however their significance in worldwide commercial concerns and governmental issues has become exponentially in the previous two decades. In the meantime, RTAs have ended up progressively dubious as their number, degree, and cross-cutting enrollments get to be complex to the point that numerous apprehension they will undermine the World Trade Organization's multilateral exchanging framework. Running from the Asia Pacific Economic Cooperation gathering to the European Union to the North American Free Trade Agreement, RTAs have similarly far reaching purposes, from enhancing business access to expanding clout in global arrangements. Handling this intricacy and perplexity head on, this book gives a quite required adviser for RTAs. Setting current territorial assertions in their investment, political, and verifiable connection, David A. Lynch depicts and analyzes basically every noteworthy RTA, area by locale. He unmistakably demonstrates their many-sided internal workings, their networks of joint effort and clash, and their essential objectives and adequacy. Lynch's profoundly proficient study connects the ideological partitions in academic and open civil argument, including economists' accentuations on businesses and productivity versus burrowing little creature globalization activists' worries over disparity and social ills. By building a center ground between micro and macro examination and
In the recent decades, member countries of the Organization for Economic Cooperation and Development (OECD) have seen rapid growth in the foreign-born population which has stimulated research on the socio-economic impacts of immigration. There has been great amounts of research done to produce literature like that of Gould (1994) that propose that immigration has proven statistically to have a significant positive impact on international trade. Considering President-Elect Donald Trump’s views on the issue of immigration and its economic impacts are rather poor, it is imperative to present evidence of the positive result of immigration will benefit the United States rather than cost it.
There has been a dual view of trade since the time of the ancient Greeks. The two sides of these philosophers views are the recognition of the benefits of international exchange, but that there is concern that certain domestic industries would be harmed by foreign
In a global society that is so intertwined with one another, it is fundamentally important to create strong relationships on all fronts to further advance peace, technology, accessibility, and the global economy. All though this statement holds true, it is important to achieve national growth and economic success. As every nation has an obligation to its citizens to provide the best quality of life the, difficulty in how to govern foreign affairs becomes apparent. Currently, the economy appears to be the most topic on the current White House administrations agenda. Creating jobs and increasing wealth within American boarders has been the mantra of the Trump campaign throughout the 2016 elections. First highlighting trade as the most important factor to America’s current “failure” within the global market, President Trump has inherited a somewhat traditional republican stance on the economy that looks to protect American interests first before indulging so heavily in international trade. When looking at the rhetoric present throughout the campaign and a historical deduction of typical foreign responses to administration/regime change, the foreign relationships that America holds with many countries will change. The economic trade values that any particular government holds, directly impacts how other countries interact with them. Trade policy maintains I direct correlation with America’s ability to be a diplomatic power and ally of many
This paper was prepared for GD530 Economics and the International System, taught by Professor Snow
Ever since the first involvement of government in international trade, many people have posed their opinion about what the role of government should be in it. Different factors are involved when it comes to deciding what this should be. It impacts a lot of people, so in order to do that, trade policy must be properly defined, identify what the roles of government currently are, and their involvement in it, and then analyse what should be their role. Trade policy is how a country carries out trade with other countries (Commercial Policy, n.d). Even though a lot of people support government intervention in international trade, countries would benefit a lot more if the government removes protectionism and promotes free trade instead.