International Political Market Values And Subsequent Free Trade Agreements

869 WordsDec 1, 20154 Pages
In relations, international liberal market values and subsequent free trade agreements are at the forefront of economic globalization. As the global markets and economic competition intensifies, nations move towards trade liberalization. International trade agreements by extension of economic globalization are more often prioritized before environmental agreements. In fact it is evident that environmental policy is rarely prioritized over economic growth. The neo-liberal market ideals have encouraged the development of economic globalization and therefore sustain the approach to environmental policy that the global south needs to “grow-up now” and “clean up later”. This strategy encourages the development of free trade agreements and the prioritization of economic development and growth over the protection of the environment, as “environmental policy may constitute a constraint to economic growth” . This approach is flawed as it disregards the issues of degradation and irreversible damages to the environment and specific ecosystems as well as the potential high costs of cleaning up and reversing, if possible, the damages. For example, nations worldwide have pushed for free trade agreements with much more success than international environmental treaties. In the past two decades, the World Trade Organization and subsequent free trade agreements have been developed. Furthermore, the Comprehensive Free Trade Agreement between Canada and Europe (CETA) is being negotiated and
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