International Politics

QUESTION ONEIf all countries can potentially bring in from let loose trade and a stable inter discipline monetary , wherefore has achieving this objective been so difficult ? In crafting your answer , expend specific examples from the readings and lectures to support your argument just about economists believe that alleviate trade is superordinate word to trade protection . In spite of the potential benefits , free trade may bring to all countries economic office many be still hesitant to cooperate several(prenominal) less genuine countries now believed that the trading system functions to their disfavor . They believed that the three major trading powers - the United States , Western europium and Japan use the system to ask for political be which bequeath far outweigh any economic benefits their countries and constituents exit get through the lowering of certain trade barriers . trade issues have become focused on culture study sovereignty and early(a) complex issues that are not slow amenable to bargaining and compromise solutions . Aside from this political show knock off to trade liberalization has grown among many groups concern nigh workers welfare , the environment and human rights . Due to the need of the create countries to export much in to increase income , they are pressure to sell their goods at a lower price and debauch imported products to the detriment of local producers . Most of the imported products are free of taxes , duties and tariffs so they are affordable to the local consumers . The national government has no other(a) choice but to give way some of its low income-generating industries in to accommodate the products of the country with which it has establish a beneficial trade relation . The government leave behind have to weigh which will bring in more income , offer better trade relation with strong economies and will provide long-term benefits to the country s economy as a whole . Because of this some local industries due to its inability to contend with low cost , high quality imported brands in the market has no option but to lower mathematical product cost .

Some workers have to be laid-off or worst will be forced to shut down some of its plants and stop operations . Rich and highly developed countries have the advanced technology , facility , technical know-how and the study to produce more goods and services at the optimum cost . These give them the advantage of offering the best quality goods at a lower price . Because of unemployment brought about by stop consonant of many industries and lack of better opportunities , more highly-skilled and professional workers go overseas to work in these more progressive countries causation brain-drain in developing countries like the Philippines , India and other Asian countries . Most of the time , the rich countries outsource customer-service oriented jobs in other English-speaking nations which offers competitive salaries . This solves unemployment partially but causes problems of transfer of professionals to promise center jobs . This will cause lack of professionals in other fields . Local companies cannot afford to compete with the compensation and benefit packages offered by the foreign outsourcers . The rich countries usually dictate and move major...If you want to get a full essay, order it on our website: Orderessay

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