Is U.S. Trade Policy Right for Latin America.
ARMY WAR COLL CARLISLE BARRACKS PA
Pagination or Media Count:
The question is whether or not the U.S. Trade Policy based on the Trade Act of 1974 is right to enhance U.S.Latin American economic relations. The U.S. Trade Act of 1974 and the effects it has on Latin American countries was examined. Data was gathered by literature research, personal interviews, and news media research. The radical change in the world economy and liberalization of world trade has necessitated a revision of U.S. Trade Policy. The Trade Act of 1974 provided the basis for this revision. The Trade Act has brought harsh criticism from some Latin American countries which would indicate that it might not be valid for that area of the world. Primarily, this criticism concerns sanctions and restrictions on generalized preferences available to developing countries. The U.S. Trade Policy based on the Trade Act of 1974 can be very beneficial to Latin America and should be rapidly implemented. Restrictions and sanctions against Latin American countries should be eased or lifted.
- Economics and Cost Analysis
- Government and Political Science