MTSU Politics of Trade and Language of World Trade Politics Essay

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AnfujnaMnkb

Economics

Middle Tennessee State University

Description

Three visions of the politics of trade exist. One believes that the WTO should be the center of trade regulation, the second favors regional agreements and Free Trade treaties, and third prefers bilateral treaties (or perhaps no treaties at all).

What are the tradeoffs between these views? (i.e. strengths and weaknesses) Which do believe is the superior way to manage trade? [You may consider this from the standpoint of the United States, if you wish].

In your answer, utilize key concepts/ideas from modules 7 and 8, including on

* how the WTO negotiating process works

* why the WTO has encountered recent difficulties

* why regional free trade treaties have become more common in recent years

*trade creation vs. trade diversion

In your essay

(1) Make clear thesis statement for your argument

(2) offer specific evidence (whether factual or logical)

(3) explain how the evidence supports your thesis

(4) respond to what you believe is the strongest argument AGAINST the one you favor.

Essays will be graded based upon: the relevance of the argument to the question posed [3] the logic and development of the argument itself, consistency of the argument throughout the paper, and style, including spelling and grammar.

Citations are needed only if facts or support for the argument are drawn from sources outside of the ones provided.* In that case, it will be necessary to cite the source with a footnote. Any commonly used form of citation is acceptable.

I will provide PDFs for all texts required**

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Explanation & Answer

Attached.

Running head: POLITICS OF TRADE

1

Politics of Trade
Student Name
Institution Affiliation

POLITICS OF TRADE

2

Politics of Trade
Economists have had a massive impact on the policy of trade, and they offer a solid
foundation for free trade as well as the removal of the barriers of trade. Though the goal of any
agreement in trade is to make trade liberalized, the real provisions are profoundly shaped by not
only domestic but also international trade political realities (Edwards, 2019). Consequently, the
world has immensely changed from the time during which the comparative advantage law was
proposed and in the recent past economists have done modifications on theories to explain trade
in the factors of production, for instance, labor and capital, growth of chains of supply that are
responsible for dominating most of the world trade market today as well as the realization of neomercantilist when it comes to the achievement of rapid growth. This paper talks about the three
ideas of politics of trade that are in existence.
In the World Trade Organizations negotiations are uncertain and complex. The aspect of
complexity is generated by the significant number of issues in the tab...


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