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Essay / Research Paper Abstract
A 6 page paper discussing the likely economic effects of a unilateral free trade agreement between the US and Singapore. There are few if any real detriments to freer trade. Though it can create the need for specific industries and organizations to undergo forced change, that change nearly always is positive when approached in a positive light. The pattern has been repeated many times over the past generation, beginning with Japanese consumer electronics. Though it can create chaos in the short term, it produces only benefits in the long term. Bibliography lists 5 sources.
Page Count:
6 pages (~225 words per page)
File: CC6_KSintlEconFrTrad.rtf
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Unformatted sample text from the term paper:
Those not opposed to the ideology of capitalism are fully cognizant of the benefits of free - or at least freer - trade. Nations such as Singapore that have
embraced freer trade throughout the latter part of the 20th century are far more prosperous now than are those nations with which they originally were equal but chose to retain
protectionist, isolationist policies. Many regional and international free trade agreements exist between individual nations and between groups of nations. The purpose here
is to investigate the likely effects of the establishment of such a pact between the United States and Singapore. Current Environment The success
of nations such as Singapore and the larger, general trend toward globalization have combined to result in a variety of regional and international trade alliances. These alliances - ASEAN
in Southeast Asia, MERCOSUR in South America, NAFTA in the Western Hemisphere and others - generally have worked to the benefit of their members. At the same time, opportunities
available only through these alliances have not enjoyed equal distribution of the opportunity associated with them. Singapores economy is of the type of
totally open entrepreneurism (Singapore, 2003), and its success results from the governments active courting of international business and backing up its overtures with tax and labor policies beneficial to all
sides. The manufacturing and service sectors are the strongest, and until recently, manufacturing led the way by a wide margin. In keeping with patterns of economic maturation, the
service sector is in the process of moving past manufacturing. Though no other ASEAN nation has enjoyed the prosperity that Singapore found through
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