The Benefits and Problems of International Trade Analytical Essay by michaelbourt
The Benefits and Problems of International Trade
A look at the trade off between the economic benefits as opposed to the ethical and environmental problems of increasing international trade.
# 147375
| 3,225 words
| 14 sources
| APA
| 2010
| 
Published
on Mar 27, 2011
in
Economics
(International)
, International Relations
(General)
, Economics
(Globalization)
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Description:
The paper discusses how the essential question for the academic, political and business fraternities to address is whether the environmental damage of increased trade represents an acceptable trade off in relation to the economic benefits of growth and development. Moreover, if the imbalance is indeed protracted in favor of environmental damage, then how can this progression be altered. This paper highlights the degree to which the relationship between international trade and environmental concerns is somewhat more complex than it would first appear. Moreover, it is shown that the natural tendency to consider increasing international trade as having negative connotations for the global environment is not always accurate. Thus, through an assessment of emerging markets in the global economy, the paper attempts to outline a vision of future trade economic development which is environmentally sustainable.
Outline:
Introduction
The Scale and Extent of the Trade Off
Problems and Positives in Sustainable Development in International Trade
Internal Processes within Developing Economies and Emerging Markets
Globalisation and the Role of the Nation State
Sustainable Development on the Basis of Global Governance
Conclusion
Outline:
Introduction
The Scale and Extent of the Trade Off
Problems and Positives in Sustainable Development in International Trade
Internal Processes within Developing Economies and Emerging Markets
Globalisation and the Role of the Nation State
Sustainable Development on the Basis of Global Governance
Conclusion
From the Paper:
"However, there is naturally a consequent impact that occurs in environmental terms as a consequence of increased trade and economic activity. Certain indicators suggest that a measure of synthesis occurs in the trade off between increased economic development and environmental impact. For example, the Environmental Kuznets Curve provides significant insight into how environmental damage is mitigated and often reduced as economies move through the developing stage of capitalist progression (Frankel; 2009). In the early stages of trading and economic progression the Environmental Kuznets Curve suggests that there is a strong likelihood of severe environmental impact. However, as economies progress and move from a manufacturing basis to a service led economy then the tendency towards environmental damage significantly reduces (Frankel; 2009). Moreover, even in developed economies reliant on high levels of trade in manufacturing goods increased investment as a result of growth from national and international trade allows for more environmentally sound manufacturing techniques to be developed (Rugman and Collinson; 2006). "Sample of Sources Used:
- Batabyal, A.A & Beladi, H (2001) The Economics of International Trade and the Environment New York: CRC Press.
- Berkhout, F; Leach, M & Scoones, I (2003) Negotiating Environmental Change: new perspectives from social science London: Edward Elgar.
- Bergesen, H.O (1999) Yearbook on International Cooperation on Environment and Development New York: Earthscan.
- Daniels, J.D, Radebaugh, L.H & Sullivan, D (2007) International Business: environmental and operations London: Prentice Hall.
- Dicken, P (2007) Global Shift: mapping the changing contours of the world economy London: Sage.
Cite this Analytical Essay:
APA Format
The Benefits and Problems of International Trade (2011, March 27)
Retrieved December 07, 2023, from https://www.academon.com/analytical-essay/the-benefits-and-problems-of-international-trade-147375/
MLA Format
"The Benefits and Problems of International Trade" 27 March 2011.
Web. 07 December. 2023. <https://www.academon.com/analytical-essay/the-benefits-and-problems-of-international-trade-147375/>