become a global issue which has brought about much concern‚ particularly in Japan‚ which has an aging population outweighing that of any other nation worldwide. During the decade after the Second World War‚ Japan was still suffering the disastrous aftermath imposed previously by large scale conflict‚ and amid the post war decade only an estimated 5% of the Japanese population belonged in the sixty five years or older category. However‚ due to steady reconstruction and Japan’s large economic boom through
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Sociology 10:00 A.M MW 11/1/13 Effects of NAFTA on the RGV The North American Free Trade Agreement (NAFTA) was a bill implemented on January 1st‚ 1994. Presented by President Clinton‚ NAFTA wanted to introduce free unrestricted trade between everyone on the North American continent (U.S‚ Canada‚ and Mexico) to eliminate trade taxes and increase trade. The effects of NAFTA are debated fiercely as to whether the bill had a positive or negative effect. The Rio Grande Valley (RGV) is a border community
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further multilateral trade liberalisation. There are‚ however‚ two types of regionalism. One is discriminatory where there is free trade amongst the members of the region but non-members are excluded as in the case of free trade areas‚ such as the North American Free Trade Area (NAFTA) and customs unions‚ such as the European Union (EU)‚ and the third type are preferential trading areas. The other‚ which is compatible with the most-favoured nation (m.f.n.) rule of the World Trade Organisation (WTO)
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American Free Trade Agreement On January 1‚ of 1994 a new approach to trade amongst North American countries took effect. With the aid of the United States Congress‚ President Bill Clinton was able to form a contract between The North American Countries of Canada‚ Mexico‚ and The United States of America. This contract‚ known as the North American Free Trade Agreement (or NAFTA for short) was designed with many economic results in mind. Hopes were that not only would trade be easier‚ cheaper
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Forming a free trade agreement between countries is believed to have brought some negative impacts towards both countries’ in employment and growth. One of the objections to Country A signing a free trade agreement with Country B is that free trade may give a negative impact on jobs. Most free trade agreements give false promises‚ claiming that it creates jobs and raise incomes. However‚ the problem with this claim is that it misrepresents the real effects of trade on the economy. Trade‚ in fact‚ creates
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THE STUDY . Introduction International Trade is increasingly becoming a fast – paced environment as it has given birth to a new economy through a technological revolution. New technologies are reshaping and impacting international trade‚ one of these is the Internet. The Internet is becoming a key platform for commerce that is increasingly happening between buyers and sellers located in different countries‚ thereby driving international trade. Additionally‚ as the Internet enables cross-border
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in 1990s‚ Cambodia‚ Laos‚ Myanmar and Vietnam (CMLV) also joined the bloc (Chia‚ 2004). In 1992‚ a free trade agreement‚ namely ASEAN Free Trade Area (AFTA) was introduced. According to the agreement‚ tariffs are reduced to zero percent by 2010 for ASEAN-6 and by 2015 for CMLV (Chia‚ 2004). China is one of the largest emerging economies in the world today. Its entry to the World Trade Organization (WTO) in 2001 contributed to the cooperation between the ASEAN countries later in 2010. Entering
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while about one-quarter of Americans employed in automotive manufacturing (nearly 300‚000) work for foreign-owned companies — and that excludes Chrysler‚ which was acquired by Daimler Benz of Germany in 1998. These changes have had major effects on the structure and location of the U.S. motor vehicle industry. Michigan has been the state most directly and adversely affected‚ losing about 100‚000 auto industry jobs since the late 1970s. Most other Midwest auto belt states have either
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Unfair Trade Practices – Hoarding‚ destruction or refusal to sell. The Unfair Trade practices include cases of hoarding‚ destruction of or refusal to sell‚ goods or services. Clause (5) says that a practice will be unfair if it permits the hoarding or destruction of goods‚ or refusal to sell the goods or to provide any services if such conduct is intended to raise or has the effect of raising the cost of those or other similar goods or services. Loss or damage: It is not necessary for restraining
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PREVENTIVE MEASURES WHAT IS GATT * GATT-General agreement on TRADE and TARRIF. * Older version of WTO. * Formed to solve the international trade disputes. HISTORY OF GATT Following World War II‚ the victor nations sought to create institutions that would eliminate the causes of war. Their principles were to resolve or prevent war through the United Nations and to eliminate the economic causes of war by establishing international economic institutions. GATT AFTER 1986 Till 1986 it
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