The United States Export Import Bank

The Bank of the United States was designed to make money and build an economy. It was designed by men like Alexander Hamilton and Robert Morris, but did not benefit the common citizen as much as wealthy investors. Why did a fledgling government need to borrow millions from overseas in order to invest in a “national” bank, to turn around and then borrow the same money back and pay interest on it? The banking system developed by Alexander Hamilton and Robert Morris was prime pickings for speculators, and laid the groundwork for a history of unscrupulous activity regarding our nation’s money supply that continues to this day. The signatures on the Constitution were barely dry before corruption and

companies to sell their products in other countries? Explain how this helps the U.S. (2-4 sentences. 2.0 points)

Article I, Section 8 of the U.S. Constitution states that “Congress shall have power to regulate commerce with foreign nations, among the several states, and with the Indian Tribes” (Epstein, et. al., 2017). “Congress can regulate the channels of interstate commerce and has the authority to regulate and protect the instrumentalities of interstate commerce, and persons or things in interstate commerce. Congress has the power to regulate activities that substantially affect interstate commerce” (Epstein, et. al., 2017).

The Federal Trade Commission is an independent agency of the U.S. government that was established in 1915 and charged with keeping American business competition free and fair. The FTC has no jurisdiction over banks and common carriers, which are under the supervision of other governmental agencies. It has five members, not more than three of whom may be members of the same political party, appointed by the President, with the consent of the Senate, for seven-year terms. The act was part of the program of President Wilson to check the growth of monopoly and preserve competition as an effective regulator of business.

Goods or services of Cuban origin may not be imported into the United States either directly or through third countries” (2001) . According to the Cuba Policy Foundation, the United States loses up to $4.84 billion annually in trade and exports alone (Pepper 2009) . The amount of money being disregarded because of now defunct reasons is radically lacking in logic. A simple repealing of the embargo would bring both the United States and Cuba great economic success.

Global economics affects the decisions of firms, governments, and individuals in the United State in many different ways. The World Trade Organization manages the rules and trade between nations and has a significant impact on intellectual property rights. Intellectual property rights refer creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce (World Intellectual Property Organization, 2014). The purpose of this paper is to compare and contrast free trade and protectionist theories, analyze how the global environment functions on a micro and macro level within the context of the World Trade Organization, analyze the two-level game theory and how organizations make financial decisions in a globalized environment, and determine which parties benefit from either increasing or decreasing trade restriction.

The United States is suffering economically. The imposed embargo that the United States imposed, The Embargo of 1807, did not work as Jefferson had hoped. It was supposed to persuade Britain and France to respect America’s impartial rights but it ended up backfiring and shut down the American economy. After only being in effect for 15 months, it produced economic hardship, widespread smuggling,

The U.S. Immigration and Customs Enforcement (ICE) agency is the largest and pri- mary investigative arm of the U.S. DHS.46 ICE is responsible for identifying and inves- tigating weaknesses within the nation’s borders, developing intelligence concerning threats, removing foreign nationals, and enforcing over 400 federal statutes. The agency was formed in 2003 as part of the Homeland Security Act and is the result of a merger of several federal agencies, including the Customs Service, Immigration and Natural- ization, and the Federal Protective Service. ICE has approximately 15,000 employees in 400 offices in the United States and 50 offices around the world.47 The ICE agency plays a pivotal role in enforcing Internet-related crimes because

Conditions have changed. Global trade has rapidly increased in both volume and value, reaching nowadays more than $4 trillion in 1997 (Daniels J.D., Radebaugh, 1998, pg. 529). Competition is fierce from all corners of the world. Failure at the global level can backfire and may consume existing brands and business relationships. At the same time, global opportunities have emerged that offer possibilities for growth, profit, and an improvement in worldwide standards of living.

The US economy is still the largest and the most important in the world which represent about 20% of the total global output and is ranked as 6th highest per capita GDP. The US economy features a highly-developed and technologically-advanced services sector, which accounts for about 80% of its outputs. Large American Corporations also play a role on the global stage with a huge amount of their companies are located all around the world. The US is also the 2nd largest manufacturing in the world and also has an important manufacturing base and is the main hub in producing high-value products. They have access to almost any natural resource and is the world’s largest agricultural exporting country with sophisticated

Canadian Imperial Bank of Commerce or CIBC as most know it, has been operating since 1867. They are a profit corporation that offers public banking and financial services to individuals, small businesses, and also other corporations. CIBC is a Canadian corporation that has branched out and now does business in Europe, Asia, Australia, Latin America, and of course The United States (Wikipedia).

participants in this conference created three organizations to help regulate the international economy. The first is the International Monetary Fund (IMF) which was established with the idea of regulating monetary policy. One of the benchmarks of the IMF is the stabilization of exchange rates and the loaning of money to help stabilize countries with balance of payments deficits. The second organization established was the General Agreement on Tariffs and Trade (GATT) whose main focus was on a liberal trading order.

The USDA controls a variety of business development aid programs in an effort to boost sales and presence in foreign markets. These are pay-outs are used to enhance business operations by improving marketing strategies or launching new global campaigns. This is viewed as the government’s effort to add a slight competitive advantage to exports in the light of the high domestic prices.

In the recent years, business become more larger due to the advancement of technology, a renewed enthusiasm for entrepreneurship and a global sentiment that favors international trade to connect people, business and market. The economist emphasize about the international trade can increase the production of goods and service, increase the demand from the consumer in local or international, the diversification of goods and services and the stability in the supply and prices of goods and services. As a result, it becomes the main part of the international business and motivated countries to trade with borders. The United States implied the government intervention since the great depression through the financial sector rescue

Multilateral arrangements in the global economy such as IMF, GATT, G –7, as well as multi nation corporations frustrate states through threat of transfer pricing and relocating their production facilities (Goksel 2005).