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Essay / Research Paper Abstract
This 12 page paper considers how political changes and globalization has impacted on international trade looking at how and why it takes place and the way that the change has facilitated the manifestation of intentional trade theories in the real world. The bibliography cites 12 sources.
Page Count:
12 pages (~225 words per page)
File: TS14_TEglopoltrade.rtf
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Unformatted sample text from the term paper:
output increased by more than five times, however the level of trading increased disproportionately with 14 the amount of trade taking place in 1994 than in 1950 (Trade point, 2003).
The indication here is that the growth is very apparent and taking place with more goods traded now than ever before, being traded and moved around. The practice of globalization
is being encouraged with numerous trade agreements as well as the presence of organizations such as the World Bank and the International Monetary Fund (IMF) where the political ideas of
capitalism and free trade are proliferated. Looking at the role of the IMF helps to indicate how these values are being proliferated so that the underlying theories can be
placed into a more meaningful context. The World Bank and the International Monetary fund are often seen as development agencies, this is not strictly the case. The World Bank is
a development agency; however the purpose of the International Monetary Fund is not to be a development agency. The aims of the
International Monetary Fund are to promote and encourage the practice of international monetary co-operation. This includes eliminating or reducing many of the barriers to international trade which can
be seen as discouraging factor or destabilizing factors. Aims of the International Monetary Fund include; * Increasing international trade by * Stabilizing exchange rates. * Eliminating foreign exchange restrictions.
* This inherently includes an interest in inflation and interest rates (IMF, 2009). The fund is maintained by the member countries which
all contribute an amount which is determined in a fair manner. This is in relationship to the individual countries wealth; as such more wealthy western countries such as the United
...