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    ECONOMIC MAGNET The economic system works like a simple machine with a pivot (money) around which it revolves. To appreciate the functioning of the economy, one needs to analyze the behavior of each economic agent or individual. Understanding of each individual decision making process is essential in unravelling the mystery surrounding the success or failure of an economy. Adam smith in his famous book “the wealth of nations” opines that if every individual is allowed to maximize his own…

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    deliberate efforts of individuals. Rosenau (1992) uses the nongovernmental organization Amnesty International to illustrate these efforts. An Amnesty International researcher working on a specific torture case is not intentionally contributing to global order. However, their work is a minute-piece of a much larger sphere, and therefore they are indeliberately contributing to global order. Amnesty International also contributes deliberately to global order, by issuing periodicals on human rights…

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    Currently you have the opportunity to vote on the Trans Pacific Partnership (TPP) that involves eleven countries along with our own. This partnership will help remove trade quotas and tariffs with the countries involved in increasing international trade. According to Amadeo, the TPP also covers a wide range of services including food safety standards, telecommunication and financial services. I believe that this Trans-Pacific Partnership is not a good fit for the United States and you should not…

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    Introduction Corruption is a phenomenon that has received and continues to receive a generous amount of attention from researchers and theorists alike in the Political world. Throughout the review of the source literature, certain themes were discovered as to where the literature converges and diverges. This paper addresses four of those themes namely; Qualitative (de Graaf and Hubarts, Urinboyev and Svensson and Jos ) versus Quantitative Research (Kilkon Ko and Ananya Samajdar, Lalountas et al…

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    GATT Case Study

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    government involvement. These issues can also lead to international monopolies. Free trade can encourage the establishment of multinational corporations. These corporations will acquire a monopoly position and harm local industries and consumers. My opinion of protectionism and free trade can vary depending on the situation. As a consumer and wanting the best prices possible, I would be in favor of free trade. Free trade allows international companies to compete with one another and provide the…

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    Neoliberal economists have pushed for international free trade since global suffering caused by protectionism during the Great Depression. In the past 70 years there has been tremendous growth and prosperity for developed nations, however this has not been true for all nations. Additionally, even highly developed nations use aspects of trade policies counter to free trade to become, or keep competitive advantage in an industry. The neoliberal and opposing arguments for industrial policy,…

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    International relations present a subfield of political science that examines the international politics of the world. International relations study the behaviors and interactions among various actors in forming international political processes. Theories are developed to better understand the events that occur in international relations every day in order to answer the questions in this area. Theories depict a domain within an organization and specifically tie together a field of inquiry in…

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    institutions aiming to eradicate global conflict and promote world peace; unfortunately most of these institutions were faced with nations following their own interests and placing their own motivations ahead of the collective agreement. Subsequently international security should set about towards realism, as it embraces nations tendencies to follow their own motives and takes into account that global institutions are only functional when the state accepts them and adhere to them. Realism allows…

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    As societies have continued to evolve, the industrial society has been the most productive society of all. One country that is an industrial society is Canada. While Canada had been populated by earlier societies like the hunter-gatherers, they were founded as a country in 1867. According to the World Factbook, the population of Canada is currently around 34,834,841. The population growth rate is .76 percent, with the birth rate at 10.29 births per 1,000 persons. The current death rate is 8…

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    The CIEE program that I am going to is the International Summer School at Yonsei University. Yonsei University is a private research university, located in Seoul, South Korea. Established in 1885, it is one of the oldest universities in South Korea and is known as being the one of the top comprehensive international university in Korea. Yonsei University has a spacious and well-wooded campus located minutes away from the economic, political, and cultural center of Seoul 's metropolitan area.…

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