We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Differences in Worlds Economic Models. Structural Trade Adjustment. Fair Trade policy - Assignment Example

Comments (0)
Summary
Structural adjustment loans are programmes introduced by BWIs Bretton Woods Institutions’ organizations “International Monetary Fund” and “World Bank”. Keeping the ideology of neo-liberalism, the organizations introduced the SALs for poorer and less developed countries…
Download full paper
GRAB THE BEST PAPER
Differences in Worlds Economic Models. Structural Trade Adjustment. Fair Trade policy
Read TextPreview

Extract of sample
Differences in Worlds Economic Models. Structural Trade Adjustment. Fair Trade policy

Download file to see previous pages... Promoting the concept of globalization and opening gates for multinationals, the BWIs designed such exchanging trade policies in which there is an exchange of business and generation of the profits. High privatization, reduction of Government interference, reduction of public spending, wage suppression, low tariffs, and high international trade exchange are features of SALPs Structural adjustment loan programs (WHO). SALs are adjustments for poorer states while these are sources of profit for richer countries. SALs are instruments to provide loans to under developing nations in terms of availing their geographical resources. This is to favor MCNs Multinational Corporations, which take such resources for incremental profit maximization activity. International businessmen, money makers, stake holders and policy executors all benefit from SALs but keep detrimental effect for international loan borrowers mostly the underdeveloped nations (WHO). The case of Serbia was a major highlight, when Structural Adjustment Loans introduced brought detrimental effects for the people of Serbia. According to IFIs International Financial Institutions “SINCE THE BANK AND OTHER IFIs SHOW NO SIGN OF CLOSING THEIR DOORS, GENDER ACTION BELIEVES THAT IT IS VERY IMPORTANT TO ENSURE THAT THEIR LOANS ASSIST AND NOT HARM THE POOR AMONG WHOME THE MAJORITY ARE FEMALES” (Vladisavljevic and Zuckerman, pp. 3). Opposite to the statement came out in Serbia, where poor groups became jobless and with health expenditure cutbacks working women were brought to unpaid care services (Vladisavljevic and Zuckerman). NAFTA In the last decades, NAFTA was one of the finest examples of liberal trade “free trade”. It came out as a source of development and growth for all member countries which took part in such liberal trade agreement. In the start, NAFTA established the pool of 436 million people which later on produced $12 trillion worth of goods on the annual basis (McKinney). The period of the decade 1993-2003 was tremendous projecting the real economies of scale in the NAFTA member countries. Though the starting impact was positive but later NAFTA brought worst effects on member countries and other parts of the world. According to Economic policy institute, NAFTA created unemployment, reduced wages, and obscured labor rights in Mexico (White). This inevitably brought gang wars, drug apprehension and poverty in the Mexico district (White). Apart from the member States, rest of the world also got affected. India was found with numerous child labor cases, China with starvation wages, and Korea with slave-labor, which was all because of the weak NAFTA policy that neglected labor rights and their implementation (White). Fair Trade When there are high business interests, exerted market pressures, and continuous exploitation of resources then reformists advice Fair Trade to stabilize such dissolving business order. Fair Trade is used to bring solidarity, a reform which remove the multinational culture and bring highest apprehension of environmental codes and obligations. When Fair Trade policies are implemented then Governments take part in the business. Their concern is to serve public and to establish the norms of social well being, which are all astray in any international conventional business order (Raynolds, Murray and Wilkinson, pp. 1-20). In a Fair Trade policy, the aims are not to meet market competition or to produce cheaper but instead quality goods and in bulk volumes. With the execution of the Fair Trade programme, the business becomes transparent and opened for the public. Social well being and valuation of environment all becomes ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
International trade
According to Miller (2003), the study of this particular phenomenon concerning the Anti-Sweatshop Movement of the 1990s, rendered the then economists with the opportunity to obtain an apparent understanding of the working conditions and its potential impacts on the economic development processes.
4 Pages(1000 words)Assignment
International trade
The country of Germany commands for a relatively large share of mechanical machineries production among the European Union. The production of this type of goods is mainly concentrated in North-Rhine-Westphalia. The production of large machineries and heavy industries is concentrated in this part of the world.
3 Pages(750 words)Assignment
Critical Review- EU: External trade and foreign policy
Presently, the line of action European Union is toiling has emerged due to global economic and peace crisis. Its policy for internal consolidation and resilience rely on resonating relations with other nations. These foreign or
3 Pages(750 words)Assignment
Questions based on trade adjustment assistance program
It also applies to banks, economic development groups, trade associations, consulting firms, or any other firms working alongside or with manufacturers. It offers 50/50 sharing of costs of projects aimed at enhancing the manufacturer’s
1 Pages(250 words)Assignment
Free trade agreements' negative effects on U.S economic
Trade agreements have existed over time in form of multilateral and bilateral trade. The trade blocs have faced a number of challenges in their operation that have been able to overcome and others have not. Though they have
10 Pages(2500 words)Assignment
Economic trade
The countries that restrict international trade use various barriers such as restrictive tariffs and taxes, quotas and product quality standards in order to make the imported goods more expensive than the
2 Pages(500 words)Assignment
Trade theories
According to a recent estimate of 2010, Syria’s total export value stands at $12.84 billion and the total import of Syria is estimated to be $13.57 billion (Younes 11-13). The major export partners of Syria are Iraq, Germany, Lebanon, Saudi Arabia, Egypt and
6 Pages(1500 words)Assignment
Homework on trade policy
Moreover, the action enables the protection of the legal governing objectives ( The Economist 58)Therefore, the degree of trade facilitation tends to enhance the procedures and the controls that govern the port thus improving the working terms in the business. The
1 Pages(250 words)Assignment
Free trade
The above mentioned states have had significant economic growth. For instance, the Canadian manufacturing employment has grown steadily; the Mexican maquiladoras have also become a
1 Pages(250 words)Assignment
Fair trade company that specialises in coffee and tea
According to the research findings, Sumatra is the best place to initiate a Fair Trade Company. The locality of the region is a rural environment with a huge number of people relying on farming as a primary source of income. A huge number of people can benefit from the company in its efforts to improve the economic status of residents.
8 Pages(2000 words)Assignment
Let us find you another Assignment on topic Differences in Worlds Economic Models. Structural Trade Adjustment. Fair Trade policy for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us