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Essay / Research Paper Abstract
This 2 page report discusses the 'trade war' that has evolved between the United States and the European Union and its political implications, as well as the concerns of those in the midst of it. Bibliography lists 2 sources.
Page Count:
2 pages (~225 words per page)
File: D0_BWeuWar.rtf
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Unformatted sample text from the term paper:
and the United States government over banana exports could negatively impact Europes willingness to increase its fiscal responsibilities in the global market. Crook (1999) points out that the entire issue
is ridiculous, however, the questions it raises are not so funny. One is obvious enough--whether the rule of international trade law should prevail in the global economy. A related question
is much less obvious and has passed more or less unnoticed--whether America is right to assume, as it does, that if the rule of might should instead prevail in the
world economy, America will always get its way. In 1995, the World Trade Organization declared Europes policy of favoring banana imports from
their former Caribbean, African, and Pacific colonies, over imports from U.S.-owned producers in Latin and South America is illegal. The European Union has stalled on changing its practices ever since.
Most recently the EU manipulated the quota scheme in such a way that it remains fundamentally intact while appearing to go along with the dictates of the World
Trade Organization. In frustration (and some petulance), the United States is now violating the WTO requirements. The U.S. government is retaliating with punitive tariffs on a strange combination of
European luxury imports: cashmere sweaters from Scotland, fancy handbags from France, designer leather goods, and other such products. As ridiculous as it is, Crook (1999) notes that this political dimension
touches on two vital issues--the future of the WTO, and the future of relations between America and Europe. Of course, neither the
U.S. or the E.U. produces bananas thus it is not about protecting jobs at home. Pryce-Jones (1999) describes it as Europes governments, "in fine paternalist tradition, are defending a
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