Fair trade

earned through the global trade of oil for everything ranging from government systems, such as welfare system all the way to an upgraded infrastructure system. For this to happen, an open political system is necessary, although some argue that Kuwait has a “weak” political system that does not allow for the private sector to flourish, it has allowed the country to make its public sector stronger and prepared itself for any future impacts that may arise. It is only fair to recognize the…

This section begins by revisiting Kenneth Pomeranz’s argument in The Great Divergence which attempts to answer the question about why industrial revolution did not occur in China in the Ming/Qing Dynasty. His studies were largely based on comparing the economic developments in China and Europe before the great divergence happened, in particular the Yangzi River Delta in China and the core regions of England. As Pomeranz (2000) put it, these two places were similar in technological levels,…

addition, the employees were paid poorly and worked overtime without pay. The Chinese government could have averted these tragedies by ensuring that companies, especially manufacturers accorded their entire employees ideal working conditions and paid them fair wages (Parella, 2014). Parella (2014) points out that although the Chinese government has put in place laws and regulations to improve working conditions and protect workers, enforcement of these laws and regulations is poor. If the…

European and America had follow different trajectory so they implemented Keynesian economic model compromise formula between the workers and state, new welfare mechanism was formulated full employment, social protection and government intervention in trade controlled the capital from inside and outside flow. This state intervention economy is contradictory to the old classical economy and intellectual faced with difficulties to protect the liberalism so the call for reinventing the liberalism…

Mexico and India were both suppliers of raw materials for industrialized nations in Europe, but differ in how they were run politically and economically. Mexico differed from India politically because of its independance from another nation; it had no controlling power it had to follow. On the other hand, India was controlled by Britain. Bother, however, focussed on exporting raw materials, but Mexico’s exports were for profit and driven by small powerful bourgeoisie class, and Britain’s exports…

The Benefits of Free Trade vs. The Risks of Free Trade Since post-World War II, the policy of global free trade has had a forefront in both American and global politics. In chapter thirteen of Debates in International Relations, advocates who are in favor of free trade and advocates who are against free trade, each support their reasoning for their stance on the issue. The two authors in favor of global free trade are Gerald P. O’Driscoll Jr. and Sara F. Cooper, who are researchers at the…

Labor law deals with the regulations in the work place and the pros and cons of unions in the workplace. Labor laws were put in place to protect the employees and to set the rules and regulations in the workplace between employers and employees. The Family Leave Act of 1993 (FLMA) was enacted by the Federal Government and put in place to guarantee employees up to 12 unpaid weeks of leave for medical and family emergencies. For example if an employee gets sick and needs to take some time off of…

Its territory encompasses roughly 357,000 square kilometers. It stretches from the North Sea and the Baltic Sea in the north to the Alps in the south. Some of the largest European rivers – the Rhine, the Danube and the Elbe – flow through Germany. German landscapes are extraordinarily varied and attractive: low and high mountain ranges, extensive lake lands, forests and roughly 2,390 kilometers of coastline. Society: Lively Diversity Germany has 82 million inhabitants. They include roughly 15…

The field of industrial relations is fraught with endless contestations between and among parties. Adewunmi (2008) observed that there is no other area of social interaction where the contradictions in a class society are as manifest as in the field of industrial relations. This is the locale where the two major players in the production process- labour and capital are engaged in an endless struggle to control the work process. Central to this conception is power and continuous struggle for…

Free trade is the unrestricted import and export of goods between countries without the fear of government intervention such as tariffs, duties or quotas. The notion of a free trade system encompassing several sovereign states originated in a draft form in 16th century Spain. An American jurist named Arthur Nussbaum noted that Spanish theologian Francisco de Vitoria was “the first to set forth the notions (though not the terms) of freedom of commerce and freedom of the seas.” However it was two…