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Essay / Research Paper Abstract
8 pages in length. Causing economic strife is the primary reason why one country imposes non-tariff trade barriers upon another; for survival or for spite, such barriers impair market movement while at the same time create economic loss, a duality that most times achieves the goal of strong-arming the restricted nation. Non-tariff trade barriers make it easier for nations to command response without the need for monetary fines, inasmuch as they utilize such alternative punishments as quotas, embargoes and sanctions that bear heavily upon other trading countries. Bibliography lists 6 sources.
Page Count:
8 pages (~225 words per page)
File: LM1_TLCnontarf.rtf
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Unformatted sample text from the term paper:
that most times achieves the goal of strong-arming the restricted nation. Non-tariff trade barriers make it easier for nations to command response without the need for monetary fines, inasmuch
as they utilize such alternative punishments as quotas, embargoes and sanctions that bear heavily upon other trading countries. Moreover, trade laws are instrumental in helping individual nations regulate their
commodity affairs; if and when this body of rules is either ignored or blatantly disregarded, such disrespect for all other countries involved can lead to tremendous market flux and detrimental
economic shifts. This is the primary importance of such trade barriers as sanctions, quotas and embargoes, which serve to control appropriate activity between and among all participating nations without
which there would be no sense of moral responsibility. Free trade was developed as a means by which nations would become contractually bound
with regard to the transfer of commodities; there are times, however, when certain stipulations are put into place from one country to another whereby the quest for retribution or simple
desire to chastise compels one to impose economic restraints through trade. In many cases, as with the long-time Cuban embargo imposed by the United States (Doxey, 2009), if such
measures are not taken in order to ensure contractual cooperation, countries would be left to their own accord to determine just how much adherence is obligatory and how much can
be left to interpretation. With membership numbering over one hundred countries, the impact the General Agreement on Tariffs and Trade (GATT) has had
upon its original aims has been a mixture of success with challenge. GATT Uruguay round of the World Trade Organization (WTO) implemented a fundamental change from non-tariff to tariff-only
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