External link to US-South Korea Free Trade Agreement

US-South Korea Free Trade Agreement

There are various reasons underlying the formation of free trade agreement among countries. One of the basic reasons is the easier access to the member’s markets due to the reduction or elimination of tariffs and non-tariff barriers. In 1989, the United States entered an agreement with Canada for this purpose (Congressional Research Service, 2006) Protection of local exporters from losing out to foreign companies is […]

External link to Pros and Cons of Free Trade

Pros and Cons of Free Trade

Introduction Free trade is an agreement between two or more countries in exchange for goods and/or services without the enforcement of tariffs or duties and at a benefit for each country. Advocates in favor of free trade believe that it gives Americans a better standard of living because of the goods and services received at such low prices. Free trade strengthens the U.S economy, creates […]

External link to Free Trade Agreement

Free Trade Agreement

This report was written to evaluate the benefits and challenges of ASEAN-Korea Free Trade Agreement (AKFTA) from Singapore’s perspective. Free trade agreements are treaties signed between two or more nations in order to create free trade areas between member countries. The free trade agreement that we will be focusing in this report would be the AKFTA. Research has shown that the three benefits that AKFTA […]

External link to Risks for Free Trade

Risks for Free Trade

Weller and Hersh (2002) perceive deregulation as a negative force for trade markets as well as for capital markets. They argue that deregulated trade flows would result to into having more inequality in terms of income distribution, and more unregulated capital flows. Macro economically, these incidents will lead into economic stabilities and will affect the poor negatively. Based from their data gathered from the World […]

External link to Informative Essay on North American Free Trade Agreement

Informative Essay on North American Free Trade Agreement

The NAFTA agreement was signed in 1992, ratified in 1993 and implemented in 1994. It was designed to completely rescind trade barriers between these three nations. It had been surmised that this agreement would enhance employment due to increase in trade (North American Free Trade Agreement (NAFTA) , 1995). This agreement, which is second only to the European Economic Area in trade volumes, constitutes a […]

External link to Why Free trade is more important than fair trade

Why Free trade is more important than fair trade

Introduction In a globalized world, very few people would question the benefits of international free trade. Different countries can produce their own products having a comparative advantage, and then exchange with the products produced by other countries. However, in the process of international trade, there will always produce gainers and losers, and thus will always be people complaining about unfair trade. In the global context […]

External link to Is a Fair Trade Policy Superior to a Free Trade Policy?

Is a Fair Trade Policy Superior to a Free Trade Policy?

Graduate Business Ethics-Section 01 March 5, 2013 Is a Fair Trade Policy Superior to a Free Trade Policy? In the past 30 years the business world has changed tremendously because of globalization. It has allowed a trading relationship grow between the developed and developing countries. The United States has greatly profited from this relationship; American business have been able to cut their labor costs by […]

External link to Advantages & Disadvantages of NAFTA (North American Free Trade Agreement)

Advantages & Disadvantages of NAFTA (North American Free Trade Agreement)

Abstract This article supports a theory that explains the advantages and disadvantages of NAFTA. Nowadays it has become a topic of debate. In this article we will discuss about the effect of NAFTA on Businesses of the United States, Canada, and Mexico. What is NAFTA, What are the advantages of NAFTA and what are the disadvantages of NAFTA, these point mainly are discussed in the […]

External link to Free Trade and Fair Trade

Free Trade and Fair Trade

Free Trade and Fair Trade All over work places and school campuses around the world you can be sure to find cocoa, coffee and certain other products that are labeled “free trade,” but is fair trade the same as free trade? “Free” and “fair” are powerful, often abused words when applied to the concept of trade. I will attempt to clarify the differences between free […]

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