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InstitutionStudent Name Globalizing the Economy Globalizing the economy Introduction Trade liberalization is the removal or elimination of restrictions on trade between different countries. These restrictions may include licensing rules quotas duties and surcharges that countries may have put in place to control trade. The removal of these restrictionsis often described as promotion of free trade among countries. Liberalization of trade is usually a mechanism adopted by countries that are working towards increasing the flow of materials in or through their country. Countries that apply trade liberalization are often encouraged by the importance it will bring to their respective countries. They tend to focus on the advantages the trade will have on their economies (Francois et al. 2015). Regionaltrade agreements are usually also among different countries in a particular region or part of the world. They tend to be more powerful if they consist of countries that cover a contiguous and Economics of the United States Canada and Mexico 16(3) 425. Francois J. Manchin M. Norberg H. Pindyuk O. & Tomberger P. (2015). Reducing transatlantic barriers to trade and investment: An economic assessment (No. 1503). Working Paper Department of Economics Johannes Kepler University of Linz. Friel S. Gleeson D. Thow A. M. Labonte R. Stuckler D. Kay A. & Snowdon W. (2013). A new generation of trade policy: potential risks to diet-related health from the trans pacific partnership agreement. Globalization and health 9(1) 46. Gray J. (2014). Domestic capacity and the implementation gap in regional trade agreements. Comparative Political Studies 47(1) 55-84. Mansfield E. D. (2015). The proliferation of preferential trading arrangements. In THE POLITICAL ECONOMY OF INTERNATIONAL TRADE (pp. 205-225). Moylan T. (2013). Is Regionalism a Threat to Trade Liberalization?E-International Relations. Retrieved 5 December from www.e-ir.info V. (2012). Trade conflict and political integration: Explaining the heterogeneity of regional trade agreements. European Economic Review 56(1) 54-71. [...]
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In the globalizing economy of the late 20th and early 21st centuries, liberalized trade has been sought by way of regional trade agreements and broader global trade liberalization. The policy choice between these two approaches has created debates among economists and politicians concerning which is a better strategy for various countries, for the global economy as a whole, and whether the two approaches are complimentary or contradictory. Begin by reviewing pages IV and V in the Module 9 lecture on developing an annotated bibliography through the structure of a research system. Using the Saudi Digital Library, the Web, and/or other sources of scholarly literature, begin your research into regional trade agreements versus global trade liberalization by locating professional and academic journals, and select current research articles published within the last five years on the topic. Create an annotated bibliography from your research with a minimum of eight well-written APA-formatted entries. Then, using the resources from the bibliography, develop a two-page paper summarizing and contrasting the main arguments on both sides of the issue. Directions: • Your essay should be at minimum two- pages in length, which does not include the title page, abstract, or required reference page, which are never a part of the content minimum requirements. • You must include at minimum eight credible bibliographic sources. Use the Saudi Digital Library to find your resources. • Your paper must follow Saudi Electronic University academic writing standards and APA style guidelines, as appropriate.
Subject Area: Economics
Document Type: Capstone Project
