A final section of the analysis uses the IPE lens (and hegemonic stability theory in particular) to consider the merits and dangers of hegemonic stability in international trade.
Finally, new phenomena like fair trade and the growing role of civil society actors in international trade diplomacy have come to the attention of scholarly interest. The goal of the fair trade movement is to empower producers in developing countries and conduct trade in a less exploitative and more socially responsible manner by reconnecting consumer and producer in a qualitatively new relationship on a global scale. Since the fair trade phenomenon represents alternative socioeconomic behavior that conflicts with concepts of rational action and most efficient resource allocation, mainstream rationalist IPE theory has not been able to adequately explain norm-based socioeconomic processes like fair trade (Archer & Fritsch, 2010). Fair trade is just one example for how civil society groups and organizations are increasingly impacting global governance structures and processes. Further research needs to investigate whether this participation serves the goal of improving democratic legitimacy of international institutions without negatively affecting the efficiency of international trade diplomacy.
Considering the plurality of theoretical and methodological approaches as well as issue areas, any prediction on future research in the IPE of international trade must remain selective.
The dramatic growth of postwar global trade can partly be explained by looking at the multilateral institutional and regulatory framework, which has been governing global trade relations. Under the leadership of the United States in its role of a liberal hegemon, the General Agreement on Tariff and Trade (GATT) was established in 1948 to ensure that the devastating effects of protectionism during the interwar period were not repeated. GATT, which originally was to be folded into a planned International Trade Organization that was successfully negotiated but failed U.S. Senate ratification, focused primarily on the reduction of tariffs. However, its agenda later was expanded to include nontariff barriers such as import quotas, export subsidies, voluntary export restraints, and antidumping duties. After the Uruguay Round, completed in 1994, the average tariff for DCs was reduced from 6.3% to 3.8% (WTO, 1996).
An in-depth examination of Romania as a promising land for international business ventures with particular emphasis upon regulations and laws for the establishment of such a business and subsequent trade.
The International Trade and Investment (ITI) Program holds three regular meetings annually, in winter, spring, and at the NBER Summer Institute. The ITI Program has about 60 research associates and 20 faculty research fellows with primary affiliation to the group, and another 20 individuals with secondary affiliation. Research within the group covers a wide range of topics, such as explaining patterns of international trade as well as foreign direct investment, and understanding the impact of trade policies. This is in addition to topics covered by specialized conferences, the most recent of which was on "Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century," held at the Bank of England September 15–16, 2011, proceedings published in R. C. Feenstra and A. M. Taylor, eds., , Chicago, IL: University of Chicago Press, 2014. That volume dealt with the aftermath of the global financial crisis and its lessons for multilateral cooperation. The was in 2011; this article's focus is on research during 2012–15.
International business is a term used to collectively describe all commercial transactions (private and governmental, sales, investments, logistics,and transportation) that take place between two or more regions, countries and nations beyond their political boundary. International business is one of the most important factors of the normal existence of the human civilization. Countries have always bought the goods and resources they need from the countries of all over the world and it is considered to be a normal thing. When a country is rich in certain resources, it can take advantage of this privilege and sell or exchange them on the goods they require. It is obvious that a single person will not be able to keep great and serious international business, but a range of companies work hard to make the process of trade easier. There is a great number of international enterprises – companies that have a worldwide approach to markets and production or one with operations in more than a country. It is obvious that multinational corporations with their production control fashion, tastes and preferences of people and the whole world fair.
The majority of international trade activity during the latter half of the twentieth century was carried out in accordance with the General Agreement on Tariffs and Trade (GATT), which had been created in the aftermath of World War II. The World Trade Organization, which was enacted in 1995, reflected an updated trade philosophy that more closely reflected the exigencies and characteristics of the post-Cold War political economy.
Under the aegis of the World Trade Organization, 136 member nations agree to adhere to agreed-upon standards of international trade. However, the broader ideological bent of the World Trade Organization, particularly in contrast to preceding trade agreements, is that the number of obstacles to international trade should be minimized as much as possible and the free flow of goods and services facilitated to the highest degree, while still allowing individual nations to protect their political and economic self-interest. In addition, the World Trade Organization is predicated upon the belief that the relationship between actors in the global economy should be mutually cooperative, rather than hostile and antagonistic. To this end, the language of the World Trade Organization agreement sets forth many options for conflict resolution and the settlement of disputes between member nations.
This sample International Trade Research Paper is published for educational and informational purposes only. Like other free research paper examples, it is not a . If you need help writing your assignment, please use our and buy a paper on any of the . This sample research paper on balance of power features: 5500+ words (22 pages), APA format in-text citations, and a bibliography with 49 sources.
World Trade Organization research papers report that while there are many political bodies that have facilitated world trade over the last decade, one of the most significant of these has been the World Trade Organization. Although its mission and modus operandi are controversial, the World Trade Organization has greatly fostered the trend towards globalization since its 1995 inception. This discussion will delineate and analyze the World Trade Organization and its significance within the world economy. In addition, some of the most frequent criticisms of the World Trade Organization will be considered. In conclusion, an overarching assessment of the past, current, and future influence of the World Trade Organization within the international community will be presented.