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Business and policy/politics relationship - Essay Example

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Global business has grown more competitive as new countries in the developing world continue to push for equal trade opportunities with their more developed counterparts. This situation…
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Business and policy/politics relationship

rs in the world market have been formulating their own national policies that are aimed at protecting and promoting their international trade interests. Agriculture is an important part of the economy in the United States and in other parts of the world as well. Since there are too many players in the international agricultural market, the US, like other developed countries, has put in place several policies to safeguard its interests in the global agricultural trade arena (Cho).
The Doha Development Round, also known as the Doha Development Agenda is a trade negotiation that was initiated by the World Trade Organization back in November 2001. The overall aim of these negotiations is to increase global trade by lowering trade barriers. This trade was supposed to benefit agricultural as well as manufacturing markets (World Trade Organization).
The negotiations have not been a smooth sail. There have been major differences between the key players that are involved in the talks. This has led the talks to stall since 2008. The negotiations came to a standstill after the parties involved failed to come up with a solution to the problems facing the global agricultural market (Cho).
Even after the stalling of the Doha Round, politicians from individual countries that are WTO members have tried to come up with their own policies that are meant to push for the development of trade. Although the Doha Round touches on some sensitive policies and agricultural trade issues for many countries, there have been many proposals that could actually help global agricultural trade (Muse). If the proposals that have so far been brought forward in the Doha Round are to be effective, each of the WTO member countries has to agree to commit to a certain level of liberalization (Josling, Summer and Laney).
Since the mid 1980s to the 90s, the United States government strived to initiate policy reform in the country’s agricultural sector and this included liberalization of global ... Read More
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