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Essay / Research Paper Abstract
An 8 page paper which examines
international free trade, WTO, and NAFTA in regards to economic content. Bibliography
lists 8 sources.
Page Count:
8 pages (~225 words per page)
File: JR7_RAWTOfax.rtf
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Unformatted sample text from the term paper:
what is important and necessary. When it comes to international economics, primarily those that involve trade, one can always see a great deal of turmoil in existence as one country
is denied trade with the United States, or other countries are encouraged to improve their economy so that they can actively participate in international trade. The point seems to be
that no matter the turmoil, no matter the current debate, international trade has become a necessary part of the economy of almost all nations. It has come to serve as
an economic foundation for the structures of countries, and if ever one of the major players was to crumble economically, the entire civilized world would suffer greatly. Bearing that in
mind the following paper examines International Free Trade, WTO, and NAFTA, illustrating how they work and how they serve to support many nations from an economic perspective. The paper also
examines those who hold a stake in such economic endeavors and what positions are taken by many of those stakeholders. International Free Trade, WTO, and NAFTA In regards
to International Free Trade, the title is somewhat misleading, as nothing is actually free. But, it does indicate that there is the freedom to trade, internationally, will almost every country
one would desire to do business with. In this form of trade, according to McConnell and Brue, "Governments curtail imports and promote exports though protective tariffs, import quotas, non-tariff barriers,
and export subsidies" (108). The "World Trade Organization (WTO) was established in 1995 to enforce international trade rules established by GATT. Like GATT, the WTO generally operates by consensus among
its 134 member countries, although votes are taken in some cases" (What is the WTO?). This particular branch of the economic position of trading possesses central principles. "The WTOs central
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