Sustainability Of The International Trade Regime Term Paper

Sustainability Of The International Trade Regime - Term Paper ExampleThe first reason is that the developing countries ar as obligatory to sustain the international trade regime now, as the developed countries/dominant countries. This is primarily because the international trade regime and the capitalist project are by and large dependent on labor and natural resources assets which the developing countries obtain in abundance. The second is that the viability and sustainability of the international trade regime depend as much on trade as well as on issues such as the environment and climate change. The debates created by a diverse international community has hold rather than compromise the international trade regime. To this end, I will give the example of the debate between the US and Europe on biotechnology. A. The developing countries are as necessary to the international trade regime as the developed countriesKrasner has argued that a potentially dominant state has symbolic, economic and military capabilities that can be used to entice or compel others to accept an open trading structure. (page 27). There is of course logic to this assertion as we have seen the many ship canal in which asymmetrical power relations were used to compel adherence to the principles of liberalization. He has also discussed the unfair and unjust ways that the developed nations might have taken advantage of developing nations in order to establish their lead, as for example, using protectionist policies to get ahead and then demanding openness and trade liberalization in one case a chasm has been created.