Free Trade Critical Thinkings Samples For Students

Following the American Psychological Association’s Guidelines

Classic Free Trade Theory: Comparative Advantage Theory
Economists have claimed that free trade or no intervention in international trade is good for everybody. According to them, free trade help all sides of international trade. Seller countries develop their production skills and they can specialize on certain goods. Buyer countries can receive some products that they are not specialized in.
There is a main stream theory in explaining how international trade occurs: Comparative advantage theory in international trade. Basically this theory claims that each country has some adavantages in production technologies, expertise, educated human resource, and other required resources ...

Doug Guthrie, in his article “China and Globalization” Can present a good comparison analysis with David Harvey article Neoliberalism with Chinese characteristics in "A brief history of Neoiberalism". Dough Guthrie has presented Globalization in China as a free flow and optimized allocation of capital, technology, information and service in the global market. This can be compared or is similar to neoliberalism in David Guthrie’s article that features neoliberalism as an aspect that has an influence on an international level besides it being having its dominancy from a political and economical perspective. David Harvey approaches the aspect of neoliberalism as a dogma that ...

The majority of historians argue that a new era began in the early 1990's resulting from the end of the Cold War era as well as the Gulf crises. In actual fact, "it was this new era of globalization, of a world being tied together by flows of investment, of trade, of ideas, of culture, of people travelling all the time" (Yergin, "Commanding Heights: The New Rules of the Game"). There is no exaggeration to say that "we are living through a revolution. The 1990's saw the creation of a new king of global economy - a single market, ...

There are particular trade theories which provide a space for economic ground that will encourage its growth through different international policies. The goals of these policies make the operation under the economies possible by some actions such as reduction in the cost of provision of goods. The world demand will only support a few active firms in the economy with the presence of this theory. One of the fundamental principles in international trade is Porter’s theory of national competitive advantage that explains how the nations can achieve international success through four attributes namely, factor endowments, rivalry; demand conditions ...

The Customs Union of Russia, Belarus, Kazakhstan

THE CUSTOMS UNION OF RUSSIA, BELARUS, KAZAKHSTAN 2
The Customs Union of Russia, Belarus, Kazakhstan
I will consider the advantages and disadvantages of the Customs Union of Russia, Belarus, Kazakhstan in the table.

THE CUSTOMS UNION OF RUSSIA, BELARUS, KAZAKHSTAN 3

The Customs Union of Russia, Belarus, Kazakhstan
The main feature of the current global economy is the creation of different regional economic formations. Since the early 1990s, Russia has initiated several integration projects in the region. The Customs Union is one of them. The Customs Union of Russia, Belarus, and Kazakhstan became reality on the 1st of January, 2010. A customs union is a ...

In his essay “Europe’s Perfect Storm: The Political and Economic Consequences of the Euro crisis,” Jan-Werner Muller argues that theresults of euro crisis had adverse impacts on the economic and political powers of some of the countries. Muller bases his argument on the regional imbalances between several European Union member states with his argument based on the rising Euro related crises which he states that they are the results of conflicting political agendas and economic imbalances experienced in the North and Southern parts of the European Union countries which were stimulated by the biased EU laws. The claims ...

The Association of South East Asian Nations, or ASEAN, is comprised of ten member countries that have come together to form a regional economic and trade bloc in the international community of nations already committed to pursue free and fair trade in many spheres of international fora. As the entire world gears up to realize a new globalized economic world order, countries have increasingly resorted to strengthen regional ties and promote regional cooperation and achieve the global goals of free trade within their respective economic regions, while at the same time committing to the targets of the World Trade Organization in ...