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Essay / Research Paper Abstract
A 20 page paper on the proliferation of regional free trade associations. The writer argues that free trade in Europe can be viewed as indicative of free trade associations among the industrialized nations and that the AFTA agreement can be seen, likewise, as representative of those of undeveloped countries. The way that these interact with each other and the world banking institutes is examined. Bibliography lists 15 sources.
Page Count:
20 pages (~225 words per page)
File: D0_90trade.rtf
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Unformatted sample text from the term paper:
one to the other, one might consider the European model as indicative of those free trade associations that involve the developed, industrialized nations. Additionally, the European Union (EU), the
grand daddy of all free trade associations, has formed the European Economic Area (EEA) with the remaining members of the European Free Trade Association (EFTA) ("Are regional..." PG). It also
has formulated Europe Agreements with Central Europeans as a means of coping North American countries and other free trade associations ("Are regional..." PG).
In Asia, there?s APEC (Asia-Pacific Economic Cooperation forum) and ASEAN (Association of Southeast Asian Nations) with their AFTA agreement (ASEAN Free Trade Area) ("Are regional..." PG). Just
as the European model can be used as indicative of the developed countries, AFTA can provide a model for comparison purposes that is relatively typical of the forces being imposed
on undeveloped countries to form this sort of economic cooperative group. All told, in the past fifty years, 153 regional trade agreements have been reported to GATT or the World
Trade Organization (WTO) ("Are regional..." PG). Almost half of these, although admittedly most of them are revisions of previous agreements, have been set up since 1990 ("Are regional..." PG).
Of course, free trade associations do not exist or form in a vacuum, but are impacted by the policies and goals of the world banking organizations. This is particularly true
in regards to the policies of the World Bank and the International Monetary Fund. While generally free trade as been regarded as a positive goal by governmental policies and the
guidelines imposed by the World Bank and the IMF, economists are divided as to whether or not free trade associations will actually further the goal of free trade.
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