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Essay / Research Paper Abstract
A 10 page overview of trade policy and how it affects developing nations. Nations considered include Mexico, China, India and to some extent South Korea and South Vietnam. Focus is on U.S. and WTO involvement through GATT, NAFTA and WTO policies. Bibliography lists 13 sources.
Page Count:
10 pages (~225 words per page)
File: D0_Tradepol.doc
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Unformatted sample text from the term paper:
(Barfield and Irwin 28). First it was Japan, then South Vietnam, South Korea and now China. Expansion is becoming an economic rather
than a militaristic pursuit by developed and developing countries alike. As these Asian countries have shown, those who have opened up to multinational trade agreements, reducing tariffs and joining
in the open trade market, have experienced dramatic economic gains. Those who have not, North Korea and North Vietnam, have experienced dramatic economic losses-and a reduction in political ties.
However, it must be noted that developing countries have experienced barriers to trade through protectionism and sanctions placed because of issues
related to weapons proliferation and military aggression, and more recently related to human rights violations and environmental guidelines. All of these sanctions are made possible because of the growing
power of such world organizations as NATOs Security Council, the European Union (EU) and The World Trade Organization (WTO). The proliferation of agreements made by the United States and
other world organizations, including the World Bank are forcing struggling developing nations to keep up. There are many stories of this struggle, yet there are numerous examples of success
as well (China, India, and Mexico). Some of these success stories can be attributed to "getting along" with these world organizations, others to opening up trade, others to going
against the great powers. Protectionism and the Open Trade Agreements The United States did not change course in the 1980s, but
used selective protectionism as a temporary measure to insulate industries from the effects of a strong dollar. The European Union has not become an inward looking Fortress Europe, but actually
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