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

Internal economic environment, In the International Medical Center there ar...

In the International Medical Center there are internal influences. The strategic capability of the project consists of competencies and resources. The strengths and weaknesses of p

Trade theory, what you do understand by the term effective rate of protecti...

what you do understand by the term effective rate of protection

International Economics, Brifly explaine the alternative explanation to the...

Brifly explaine the alternative explanation to the theory of international trade

Equation needed, If one were to use the simple monetary model to predict th...

If one were to use the simple monetary model to predict the $/Euro exchange rate (L is constant), what would the expected exchange rate be?

Which product is the labor intensive, Q. Use the diagram below taken from ...

Q. Use the diagram below taken from Figure 4-4 to identify the pre-trade situation for Australia and Sri-Lanka. Where on the K/L axis will you search each of the two countries? W

Haberler, Opportunity cost theory

Opportunity cost theory

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