Multilateral Trade System Analysis
NAME : BAKARE OLUWASEYI EMMANUEL.
STUDENT NO: 135892
COURSE CODE: INTL 522; International Political Economy
DATE: 29-10-14
Overview of the Multilateral Trade System.
To understand the overview of the Multilateral Trade System there is a need to understand the term. Multilateral trade system consists of multiple countries working together or working under agreement for the transfer of the ownership of goods or services from one country to another in exchange for other goods and services or money.
BRITISH AND AMERICAN HEGEMONY COMPOUND LESSONS FOR THE CURRENT ERA OF DECLINE
Pp127-140. David A. Lake
The author compared the political economy of Britain and America how at a time Britain was the Hegemony and had the best economy until tides turned …show more content…
KINDLEBERGER.
Free trade is the unrestricted purchase and sale of goods and services between countries without imposition of constraints such as tariffs, duties, quotas. Etc.
The book shed more light on the commencement of free trade internationally within Western Europe dating back to the eighteenth century. The author provided a persuasive explanation in which he tried to explain how and why the market principle gained dominance within the international economy during the nineteenth century.
STATE POWER AND STRUCTURE OF INTERNATIONAL TRADE STEPHEN D. …show more content…
The scramble and partitioning of Africa as well as the slave trade business increased the British labor force thereby increasing her economy. Meanwhile, the American Foreign policy of non-interference/ isolation policy helped her work greatly on her economy domestically. So I ask will America forever remain the hegemony? . What can we say for example about China’s growing economy? Etc.
On the other hand, Charles P. Kindleberger was specific about his write up dated between a specified place and period. Western Europe 1820-1875. I find a fault still with this because only a few countries were mentioned that traded such as Britain in Wool and Coal, Germany ashes, rags, sand glasses and firewood. Etc. but why was just a few mentioned? Several other countries exist in Western Europe. Were they not recognized because they were small? Or not a hegemony at that time?
He explained it was more of ideology that motivated free trade rather than by economic or political
STUDENT NO: 135892
COURSE CODE: INTL 522; International Political Economy
DATE: 29-10-14
Overview of the Multilateral Trade System.
To understand the overview of the Multilateral Trade System there is a need to understand the term. Multilateral trade system consists of multiple countries working together or working under agreement for the transfer of the ownership of goods or services from one country to another in exchange for other goods and services or money.
BRITISH AND AMERICAN HEGEMONY COMPOUND LESSONS FOR THE CURRENT ERA OF DECLINE
Pp127-140. David A. Lake
The author compared the political economy of Britain and America how at a time Britain was the Hegemony and had the best economy until tides turned …show more content…
KINDLEBERGER.
Free trade is the unrestricted purchase and sale of goods and services between countries without imposition of constraints such as tariffs, duties, quotas. Etc.
The book shed more light on the commencement of free trade internationally within Western Europe dating back to the eighteenth century. The author provided a persuasive explanation in which he tried to explain how and why the market principle gained dominance within the international economy during the nineteenth century.
STATE POWER AND STRUCTURE OF INTERNATIONAL TRADE STEPHEN D. …show more content…
The scramble and partitioning of Africa as well as the slave trade business increased the British labor force thereby increasing her economy. Meanwhile, the American Foreign policy of non-interference/ isolation policy helped her work greatly on her economy domestically. So I ask will America forever remain the hegemony? . What can we say for example about China’s growing economy? Etc.
On the other hand, Charles P. Kindleberger was specific about his write up dated between a specified place and period. Western Europe 1820-1875. I find a fault still with this because only a few countries were mentioned that traded such as Britain in Wool and Coal, Germany ashes, rags, sand glasses and firewood. Etc. but why was just a few mentioned? Several other countries exist in Western Europe. Were they not recognized because they were small? Or not a hegemony at that time?
He explained it was more of ideology that motivated free trade rather than by economic or political