"The importance to most countries of a relatively free flow of international trade has led them to transfer powers over trade restrictions to super national bodies " (Dunning 93). ... The ongoing trend of free trade agreements initially started by the GATT and then transformed into the WTO, shows how beneficial free trade could be. ... The question is for whom is the free trade really beneficial? ... This limits are being used as the new trade tariff and barriers. If a country is not regulating the level of exploitation then no trade or limited trade will take place with this country, and in ...

• Word Count: 2119
• Approx Pages: 8
• Grade Level: High School

There is the corporate level, the financial level, and the international level. ... By lowering the risk premium, the countries would look more attractive to international investors. The only problem with a fixed exchange rate is that it opened a pandora's box of potential problems--- most of these rooted in the international sector scope. ... However, these loans were all approved by the international banks. ... If they kept their currency pegged, they would see their total exports fall and a have a trade deficit. ...

• Word Count: 1820
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School