The main objective of the research
task is to give a comprehensive analysis of the liberalism and
protectionism tendencies in contemporary foreign trade
policy. It must be emphasis that on a
theoretical level, understanding the choice of trade
policies between liberalism and protectionism is
very important. It is important to underline that a few
multinational firms are responsible for a major
share of world trade and for the rise of global supply
chains. The political economy of regulatory
convergence, especially in the conditions of the rise
global supply chains, may be more complex than
is sometimes suggested. Preserving
freedom needs, to such extent to which that is possible, eliminating the
concentration of power and dispersing it with
the aid of some controlling and balancing systems. Taking away the control over the organisation of economic activities from the
political power eliminates the source of coercion.
The economic strength becomes a form of control over the political power rather
than being the element supporting it. The
systemic transformation of East Central Europe, Baltics and Russia caused the elimination of basic systemic barriers, making the
integration with the world economy less difficult.
However, there are still factors influencing unfavourably the process of
joining the world economy. Accordance to the foreign trade policy theory further trade
liberalization and improved framework policies
would increase trade and promote growth. It must be emphasized that open to
trade is associated with higher incomes and
growth and there are the need for new approaches to trade cooperation in light of the forces that are currently re-shaping
international business. The key of trade developments
within the broader socio-economic context is especially the rise of global
supply chains, the general shift of trade power
away from the West towards Asia. What indicates the importance and innovativeness of the research is the presentation of the
technical progress in P.R. China and the benefits
resulting from liberalized of the China foreign trade policy under WTO. The
question raised is whether the West will see
China’s rise as an opportunity for cooperation or for conflict. Economic
growth is generally more preferable in China to
military and extensive expansion. With new investments,
a country can transform its position through industrial expansion at home and
sustain it through international trade. China is
especially sensitive to the advantages of intensive growth and will not wish to disrupt essential economic arrangements that have
been crucial to her success. In the innovation
process very important are the connection between science (universities),
market (industry) and government at the regional
level. There is positive dependence between innovation activity and effectiveness of the innovation process. The
more interaction and cooperation also the creation
of enterpreunership it can observe on the regional level than on the state. The
new programme of the scientific and innovation
research Europe 2020 and Innovation Union are very important factors of the economic growth, social security and
global competitiveness of the European Union.
It has been emphasized that the talks between EU and
USA will make reducing regulatory barriers. New
agreements to remove trade barriers aim at reducing dead-weight costs and at
increasing net social gains from international trade. For most large
and developed nations, they will see positive benefits from a US-China trade war. As
trade decreases between the United States and China, the trade will presumably increase between other nations as a
result.
Author
(s) Details
Zdzisław W. Puślecki
Faculty
of Political Science and Journalism, Adam Mickiewicz University, Poland.
View Book :- http://bp.bookpi.org/index.php/bpi/catalog/book/262
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