It is undisputed that trade (and globalization broadly) has increased income and economic well being around...
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It is undisputed that trade (and globalization broadly) has increased income and economic well being around the world (through multiple periods of history). Even so, we have seen shifts from broad pushes for trade liberalization (e.g. GATT to WTO) to more bi-lateral and regional trade agreements and integration. In the past few years, there have been growing calls for economic nationalism, not just in the United States but in many other countries as well (leading to increased unilateralism). 1. What does the future hold? 2. Is the pull back from globalization a temporary bump on the road to greater economic interconnectedness? 3. Do regional trade agreements threaten a move to a freer fairer world-wide trading system? 4. As a business leader, how do you prepare for the future? 5. Which direction do you want to see the trading system go? It is undisputed that trade (and globalization broadly) has increased income and economic well being around the world (through multiple periods of history). Even so, we have seen shifts from broad pushes for trade liberalization (e.g. GATT to WTO) to more bi-lateral and regional trade agreements and integration. In the past few years, there have been growing calls for economic nationalism, not just in the United States but in many other countries as well (leading to increased unilateralism). 1. What does the future hold? 2. Is the pull back from globalization a temporary bump on the road to greater economic interconnectedness? 3. Do regional trade agreements threaten a move to a freer fairer world-wide trading system? 4. As a business leader, how do you prepare for the future? 5. Which direction do you want to see the trading system go?
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1 The future of trade and globalization is likely to be a mix of continued regional and bilateral tr... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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