International Competitiveness Essay Example | Topics and Well Written Essays - 1750 words

foreign Competitiveness - Essay ExampleThe richest countries will become even richer, and the unequalest countries will become much poorer. The entirely solution is fair trade that takes into account cooperation and competition at the same time. The rich countries should cooperate with the poor countries so they can adapt themselves to an ethical globalisation process not only in the economic sense but also in all the dimensions of global consolidation.Globalisation is here to stay. The worldwide desegregation is possible thanks to the technological and scientific advances of human kind. Anup Shah makes the following assertion about the authentic land of globalisationThe world is becoming more globalized, there is no doubt about that. While that sounds promising, the current form of globalization, neoliberalism, reconcile trade and open markets are coming under much criticism. The interests of powerful nations and corporations are shaping the terms of world trade. (Shah, 2 007).In this global scenario, developing countries should be protected against the greedy interests of the authentic countries. Shah states the following remarks that should be taken into account by all interested partiesMargaret Thatchers slogan of there is no alternative rings sharply. ... Global Policy Forum (2007) recognises that the guess behind global economic integration sounds good for e trulybody, but at the same time everybody should be aware of its shortcomingsCapitalist economic theory holds that a completely liberalized global market is the most efficient way to foster growth, because each coarse specializes in producing the goods and services in which it has a comparative advantage. Yet, in practice, cutting trade barriers and opening markets do not necessarily generate development. Rich countries and large corporations dominate the global marketplace and create very unequal relations of power and information. As a result, trade is inherently unequal and poor countr ies rarely experience rising well-being but increasing unemployment, poverty, and income inequality. (Global Policiy Forum, 2007). S. Matt (2005) points out 8 different positions in relation to the trade debate as follows Position 1. The neo-classical story free trade on the base of comparative advantage. ()Position 2. Free trade buta. Strategic traders & Competitive advantage ().b. Yes to free trade, no to free financial markets. ()Position 3. Anti-Free-Trade - traditional arguments. ()Position 4. Fair Trade. ()Position 5. Yes to trade - no to free trade Exogenous development Reform the WTO. ()Position 6. Abolish the WTO Endogenous development. ()Position 7. Abolish the WTO remove capitalism. ()Position 8. Localism - no to trade in general. () (Matt, 2005).Positions 4 and 5 should be taken into regard with great emphasis as they represent solid positions that can help in the economic and human