Sunday, September 11, 2011

How Open to Openess are you?

My position on trade openness is a little complicated. While there are many benefits for
poorer nations, It seems like lesser and lesser  developed countries
benefit  properly from this opportunity. Most of this is owing to less infrastructural development.
The underdeveloped countries get the shorter side of the stick while rich nations get only
richer. Take for example.. In a recent statement made by President Barack Obama about 21.30 mins
into his American Jobs Act speech http://www.youtube.com/watch?v=N5f-FwN2ZJs&feature=player_embedded
, he said, " this will clear the way for trade agreements for American
companies to sell their products in other countries in panama, columbia, south korea
while also helping the workers  whose jobs have been affected by global competition.
This sounds so noble and promising from a domestic policy angle. Yet, countries like
columbia and panama are under developed countries whose citizens benefit we do not
take into account in making this opportunity seem glamourous. There is no way to be sure
these agreements will also benefit that people of that country fairly.


While my position may seem a little bias and with limited facts, take for example, Liberia in West Africa
for example, very few countries in the world would be considering that nation for trade agree
ments other than Rubber, iron ore or an opportunity to use its flag as a Maritime stamp
since registration requirements are not as ridgit. Maritime revenue makes up..
http://www.liberianforum.com/Articles/Brokering-Liberia-Maritime-Domestic-Resources.html
http://www.africaneconomicoutlook.org/en/countries/west-africa/liberia/
 The bottom line is the citizens in the country
do not benefit particularily well as it would be with a developed nation since all the laws that
should be there in the first place to support fairness do not exist.. So, the response to how opened
am i to openess i am is hopefully getting clearer. Untill there are laws that should benefit the nation benefiting from exports.
and equally the imports in trade, it seems to me trade openess is yet another opportunity to only
expand corporate interest for developed nations, with no clear account for this benefits less developed nations.Most especially the citizens .There must be better laws that will globally ensure there are benefits fro both the nation as a whole and its citizens, especially in poorer countries.

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