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Present TWO (2) arguments in support of Regional Economic Integration
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- After seven years of negotiations, 12 countries—including the United States, Japan, Vietnam, and nine other Pacific Rim countries—crafted the Trans-Pacific Partnership (TPP). A key feature of the TPP was the lifting of tariffs on many products traded between the member countries, ranging from agriculture to footwear. Before the United States ultimately pulled out of the deal, each member country went through the process of ratifying the agreement, with numerous domestic firms and collective interests voicing opposition. In the United States, New Balance was one of these opposing firms, specifically stating its disapproval of phasing out U.S. tariffs on shoes made in Vietnam. What would a reduction of U.S. tariffs on Vietnamese shoes do to the supply of Vietnamese shoes in the United States? What impact would this have on the equilibrium quantity of shoes sold in the United States? Would the tariff reduction cause the equilibrium price for shoes in the United States to increase or…After seven years of negotiations, 12 countries—including the United States, Japan, Vietnam, and nine other Pacific Rim countries—signed the Trans-Pacific Partnership (TPP). A key feature of the TPP is the lifting of tariffs on many products traded between the member countries, ranging from agriculture to footwear. As each member country went through the process of ratifying the agreement, numerous domestic firms and collective interests voiced opposition. In the United States, New Balance was one of these opposing firms, specifically stating its disapproval of phasing out U.S. tariffs on shoes made in Vietnam. What would a reduction of U.S. tariffs on Vietnamese shoes do to the supply of Vietnamese shoes in the United States? What impact would this have on the equilibrium quantity of shoes sold in the United States? Would the tariff reduction cause the equilibrium price for shoes in the United States to increase or decrease? Explain.A subfield of political science, the study of the interactions among the various actors that participate in international politics is called :
- Provide TWO (2) rationales/arguments for engaging in Regional Economic IntegrationExplain to the minister the criteria that is considered by the East African partner states to determine the origin of the goodsCountries began creating regional trade blocs in order to create partnerships between high-income developed countries and lower-income developing countries. The Regional Trading Bloc – the ‘CARICOM Single Market and Economy’ was established with the objective of expanding intra-regional and extra-regional trade, among other objectives as outline in Article 6 of the Revised Treaty Establishing the Caribbean Community including the CSME. Has the creation of this trading bloc significantly expanded intra-regional and extra-regional trade in goods and services for CSME participating member states? Discuss with the use of practical examples and data to support your position. In your discussion cite some CARICOM trade policy instruments/measures implemented to help propel intra/extra-regional trade. (Member of CSME)
- differentiate Nationalism and AnimosityApplication of the "Fitting Organization Structure to International Advantages" model requires the identification of two types of forces. Discuss this idea in the light of the following cases:Discuss 1 benefit and 1 drawback of regional integration. Provide relevantlyexamples to support your discussion.
- What do you mean by ‘Economic Blocs’? Explain in detail any three stages of Economic Blocs.Answer as brief as possible. 1. What is the difference between state to state regionalism and non state regionalism? 2. What triggers various regionalist projects?After the creation of a free trade area involving five nations, higher-cost external producers of ri within the free trade area. This is known as