Free trade area

ASEAN Economic Community. However, it did not meet its ultimate goal of complete economic integration by 2015. It was a milestone to integrate on various levels the economies of countries with different political systems and economic standing, but a lot more need to done for complete integration; hence, a revised outlook in the form of the AEC Blueprint 2025. The loss of economic competitiveness to emerging markets such as China has been the major driving force in ASEAN’s efforts to accelerate economic integration. AEC is considered as the most important pillar of ASEAN Integration. The ASEAN Economic Community (AEC) is the largest integration effort attempted in the developing world; if realized, it will create a single market with the free movement of goods, services, foreign direct investment and skilled labor, and freer movement of capital encompassing millions of people. There might have been a lot of prediction that the AEC 2015 integration is completely unattainable due to slow paced and poor monitoring mechanisms of implementation. (Das et. Al., 2013: 1-14) On the other hand, according to 2015 report from A Blueprint for Growth, ASEAN Economic Community 2015: Progress and Key Achievements says that, “The Year 2015 is a key milestone in the ASEAN integration agenda.” (The ASEAN Secretariat, 2015: 1). But it would take a lot of change in policies to fully achieve the goal of creating the ASEAN Economic Community. We have to look at the AEC blueprint of 2007 as…

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 the people, and by the people. We shall establish and maintain economic equality and industrial justice and remedy abuses among…

is that the protective tariff has been taken advantage of by some men to destroy domestic competition, to combine all existing rivals with our free-trade area, and to make it impossible for new men to come into the field” (64). Tariffs are making it very easy for businesses to become huge and to buy out every small business that tries to start on its own. “Under the high tariff there has been formed a network of factories which in their connection dominate the market of the United States…

Born on April 12, 1777, Henry Clay was a devoted nationalist.. He was very influential in the United States sectional conflict, economic prosperity, and development of its infrastructure. When Clay was 4 years old, his father died and he was considered an orphan, even though his mother did not die until 1829. Clay only had three years of formal education, yet the Virginian still became a lawyer by self educating himself. At the age of 20 years, Clay migrated to Kentucky to begin his career as…

capita in steady-state (and hence higher growth in the transition to the steady-state), and (ii) other things equal, the effect of size is larger for countries with higher barriers to trade (and, hence, lower openness), while the effect of higher barriers and lower openness is bigger for smaller countries.” In essence, market size affects growth and income levels, and depends on both the degree of openness of the economy and country size. This theory examines how endogenous country size is…

by Bain Company China had sales excess in luxury goods of over 18billion euros in 2013 and by the year 2020 that quantity is forecasted to increase over four times to over 74 billion euros. Currently Omega is the leading brand for luxury watches in China due to their availability. They have opened boutiques in more than 80 cities in China. Tag Heuer currently has less than 1% of the market share in China due to a failure to open more stores to make the brand more aware to consumers and to…

Trade barriers must be assessed that are both tariff and no tariff. This affects both established international firms who have to monitor the tariffs they need to pay to export to a place of business or new firms who trying to expand globally. These firms will not only have to plan for the tariffs but also have to be made away of any trade restrictions in place that would limit their ability to bring their product overseas. Firms must also be aware of the taxation laws both domestic and foreign.…

remove trade barriers and create greater trading opportunities, the school of thought has been global trade liberalization and/or regional free trade agreements. While economists and politicians have argued on both sides of this issue, there has yet to be a consensus on the most optimal arrangements. This is a complex and multifaceted question which requires finesse and cooperation among nations and globally. Presented is an analysis of regional free trade agreements, benefits and drawbacks,…

capability of forming various trade agreements, foreign economic policies and its status as a global trader that should never be underestimated by any state actors. Bilateral and Plurilateral Agreements Since China acceded to the World Trade Organisation in 2001, it has been actively participating in free trade agreements in both bilateral and regional levels. Two most notable motivations for China are improving export industries and domestic reform. Recently, 70% of all goods manufactured in…

An important factor in understanding Hendrick Smith’s argument in Who Stole the American Dream, is understanding globalization. This is because many have attributed the downfall of the American Middle Class as well as the American Dream in part to globalization. Globalization is worldwide integration, interaction, and development. Globalization can describe anything from international trade to the global spread of popular culture, such as a Hollywood film, to immigration and terrorism. Some…