ASEAN Free Trade Area

Fable of Free Trade and Protectionism tells a fictional story that informs readers about the economic system. Russel Roberts, the author, tells a story that illustrates protectionism and free trade. He makes the concepts and arguments easy to understand. Roberts has written several of books which illustrates economic concepts in interesting and unusual ways. The title of this book does adequately convey the message of the book. The author paints the picture of American economy under free trade…

MANAGING GLOBALIZATION It has been established that globalization is unquestionable, that non-state actors are integral parts of the world system and that states still remain the primary actors. In light of these three notions, it is advantageous to examine globalization for what it is: hyper-capitalism, as capitalism is and always has been an international affair. Both Strange’s and Gilpin’s interpretations strengthen this argument. In Karl Marx and Friedrich Engel’s Communist Manifesto, they…

century. The liberalization of domestic economies, and the strengthening of co-operative regimes in international trade and finance, and the transnationalization of corporate structures have all contributed to this dramatically accelerated growth of globally integrated market structures. It has been the defining feature of the late twentieth-century, exemplified by sharply increased trade in goods, inter-connected financial markets and large-scale international migration. Globalization is…

THE GENESIS OF THE NEW WORLD Globalization, as observed in today’s modern era, is very much profound in our society. In my understanding, it is defined as the increasing incorporation and interdependence of domestic and overseas markets heartrending the world or others say- interconnectedness of states as general. We can view this in all possible aspects not only in the field of economics but also in terms of politics, arts, sciences, technologies, and culture. This let us exist in an epoch…

CHINA AND INTERNATIONAL TRADE In 1978, China opened up its doors to opportunities that brought about development of foreign trade which lead to the promotion of its economic growth. Over the past 30 years, it has seized the opportunity of the world’s long term prosperity and economic globalization by attracting foreign investment, introducing advanced technology and rapid development in foreign trade around the world to increase its trade volume globally. “The total volume of China’s…

CHAPTER ONE Introduction International Trade has made the world a global village. The superstructure of international trade is built on the shipping industry. The shipping industry is very critical for trade and it faces a fair share of troubles and issues regarding course deviation by ships, seaworthiness of ships, delays in delivery, shipping of dangerous cargo, marine insurance disputes, cargo-worthiness and care of cargo, jurisdictional issues and many other such issues. No country can…

job of fully presenting the ways in which anti-trust laws discourage free-market competition. 2. Anti-trust laws were deemed necessary during the Gilded Age and the Industrial revolution, when big business was prospering at the expense of labor, as well as stifling the competitive market by forming trusts and monopolies. The first law to address monopolies was the Sherman Act of 1890, which “made monopoly and ‘restraints of trade’ … criminal offenses.” It established the basic premise for…

OFAC is an office of the U.S. Treasury that administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against entities such as targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction and other threats to the national security, foreign policy or economy of the United States. By pulling a credit report, we automatically check against…

Greetings, my fellow Americans. This is a time of grave national distress, where we have opened ourselves to the problems plaguing our society. Increase of immigration has contributed to a multitude of predicaments such as overcrowded dumbbell housing and poor sanitation. Furthermore, the working class, including immigrants, have been exploited by big corporations. This is due to rapid industrialization and cities urbanizing. The Progressive Party seeks to maintain the government of people, for…

Pure Capitalism is a free enterprise economic system based on the private ownership of individuals. Pure Capitalism is not (is) the best form of government in today's society. There are three main supporting reasons why pure capitalism is not (is) the best government. Starting off, a pure capitalist country is not okay because it doesn't have government intervention. This means that the government is laissez faire. The first supporting reason for why a pure capitalist economy is the best, is the…