International Political Economy

Paper Assignment 2 New ideas about the future of US trade policy have been on the table for many years. Economists are constantly thinking of how to better balance the market to make trading beneficial to all. And in a world, where over half the market is controlled by less than ten countries, a level playing field is in demand and most importantly, fair. Too many countries are being exploited for cheap labor and materials at …

…People support what is fair over what is efficient. Distinguishing the appropriate uses of fairness from the inappropriate uses of fairness is the key to making progress. In essence, this means developing a fair set of rules to guide the international market. Bibliography Brawley, Turning Points:Decisions Shaping the Evolution of the International Political Economy, Broadview Press, 1999. Suranovic, Trade Theories and Realities:Why Economists should study Fairness, http://internationalecon.com/fairtrade/index.html ------------------------------------------------------------------------ **Bibliography**