Apparent lack of national consistency on this issue, International Economics

Assignment Help:

Q. The United States seems at times to have a totally schizophrenic attitude toward protectionism. The United States was the country that proposed the establishment of the World Trade Organization as simple as the late 1940s, and was also the only industrialized country, which refused to ratify this at that time. The United States has consistently argued on the side of multinational free trade in GATT Rounds, and yet maintains many protectionist laws such as those which reserve oil shipments from Alaska to U.S. flag carriers. How can you illustrate this apparent lack of national consistency on this issue?

Answer: This reflects the detail that international trade usually has many winners and relatively fewer except politically powerful losers. Diminutive of guaranteed constitutional non-conditional compensatory mechanisms the basic disagreement between these two groups will always be there.


Related Discussions:- Apparent lack of national consistency on this issue

How much steel could the firm sell domestically, Q . While selling exports...

Q . While selling exports it could also maximize its domestic sales by equating its marginal (opportunity) cost to its marginal revenue of $5. How much steel could the firm sell

Nationalization of the YPF, I need a research essay about the effects socia...

I need a research essay about the effects socially and economically of nationalization of the YPF with 8 pages. How much it costs?

Opportunity cost thory, what is opportunity cost thory explain it with exam...

what is opportunity cost thory explain it with example

Immediate demand and cost pressures, Q. "Although the price levels appear t...

Q. "Although the price levels appear to display short-run stickiness in many countries, a change in the money supply creates immediate demand and cost pressures that eventually lea

Specific factors of international trade, Q. The Specific Factors model mak...

Q. The Specific Factors model makes a distinction between general-purpose factors that can move between sectors and factors that are specific to particular uses. How do difference

Capital account liberalization, Q. "Trade liberalization could preced...

Q. "Trade liberalization could precede capital account liberalization." Discuss. Answer: It is probably true. The issue is associated to the theory of second best and

Rasons for economic miracle of east asian countries, Q. Illustrate the rea...

Q. Illustrate the reasons for the economic "miracle" of the East Asian countries between 1960 and 1997. Is it only due to the common Asian practice of industrial policy and busin

How were the initial members of emu chosen, Q. How were the initial members...

Q. How were the initial members of EMU chosen? How will new members be admitted? What is the structure of the complex of financial and political institutions that govern economic

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd