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US foreign trade policy in the middle east: a comparative analysis between Egypt, Jorden and Saudi Arabia - Dissertation Example

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US foreign trade policy in the middle east: a comparative analysis between Egypt, Jorden and Saudi Arabia

Applying Zhang’s classical theory of international trade to the US’s trade policies in the Middle East, this paper will demonstrate that US foreign trade policies are politically motivated. Zhang’s classical theory of international trade argues that international trade policies cannot merely be understood in terms of technological and resources differences but also by structure preferences of the different states. In other words, Zhang takes the position that international trade policies cannot be fully understood by reference to comparative cost and benefit analyses as typically espoused by economists. Zhang looks beyond those comparative costs and benefits in purely economic terms and looks at structure preferences as a causative factor. The typical international trade policy assumes that one country to a free trade agreement has a comparative advantage in the production of in terms of an aspect of labour or goods over the other country, who has a comparative advantage in the production of labour or goods in another area. In trading with one another each state party will seek to gain an advantage from each other in a free trade agreement. Given the differences in terms of economic stability between the US and some of its trade policies, it is argued that the US foreign trade policy cannot always be explained by purely economic theories of international trade. ...
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Summary

Applying Zhang’s classical theory of international trade to the US’s trade policies in the Middle East,this paper will demonstrate that US foreign trade policies are politically motivated.Zhang’s classical theory of international trade argues that international trade policies cannot merely be understood in terms of technological differences …
Author : tyree75
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