This paper examines the eight year dispute between the United States (US) and the European Union (EU), known as the Banana War.
Written in 2007; 1,443 words; 8 sources; MLA; $ 47.95
Paper Summary:
This paper discusses the Banana War and the role of the major players over the eight year dispute. The paper examines the World Trade Organization (WTO) and its paradoxical mandate to have 'fair' competition and provide an arena for objective negotiations. The paper shows how the Banana War highlighted the dynamics of globalization, the workings of the WTO and the politics of international economic activities.
Outline:
Introduction
Dynamics of the Banana War
World Trade Organization: Role in the Banana War and Dispute-Settlement
'Players' of the Banana War
Conclusion: The 'Banana Split'
From the Paper:
"The 'Banana War' provides the platform to explore the concept of international economics, within the paradigm of political economics. That is, with a history embedded in colonialism, which some say caused the economic collapse of African, Caribbean, and Pacific (ACP) countries (Capella, 2005); shouldn't the EU be responsible for the economic health of these regions? If so, preferential treatment to these regions, was not illegal, but was in-fact justified. However, in a globalized world, with the laws of demand and supply dictating economic policy, should an uncompetitive player be allowed to remain in the market, due to protectionism? If no, then the US was well within its right to seek retribution for losses they incurred. These complex issues and questions will be analyzed and answered in the following sections."
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