Global Economics

Obstacles to favored international economic policycoordination An open trading ashes requires that countries will fair and nondiscriminatoryapproach to each others markets (American trade wind principles and practices , para 3 ) Thisquote is in truth basic to the success of international economic policy coordination . In legion(predicate)cases this is non followed . Often , the government of a grumpy inelegant does not allowaccess to its markets to other countries . Lack of transparency is a basal impedimenta tothe success of economic coordination policiesMany countries have ordination laws for their industries These laws , many times , arediscriminatory towards foreign companies and are not legitimate with the internationalpractices . This serves as an indirect tool to prevent foreign companies move into theirmarkets ( American trade principles and practices , para 5 ) Every country does not deregulateits industries to the required level , and hence this lack of deregulatory laws , serves as anobstacle to successful international tradeDifference in tariff rates on trade goods in each country , is another obstacle . Forexample , Mexican tariff on American goods stands at 1 .

68 percent , while the Americantariff on Mexican goods stands at 0 .46 percent ( Multilateralism regionalism andbilateralism ) There has to be a global consensus on the import tariff rates . The disparityin tariff rates leads to wavelike pricing of goods . In cases where the tariff is high , it alsolea! ds to malpractice of under invoicingConclusively , it could be said that if the international economic coordination policieshave to be successful , a nondiscriminatory consensus , aimed at serving the humanity andnot profits , has to be achieved .Works-cited page1 ) outside(prenominal) trade and global economic policies , US international education programsRetrieved on 12-12-2006p PAGEPAGE 2...If you want to get a full essay, methodicalness it on our website: OrderCustomPaper.com

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