International Economics paper Article Example | Topics and Well Written Essays - 250 words

International Economics paper - Article ExampleThey should also change their message by not reinforcing fears but reassuring citizens that backing is just one of many forces that affect their lives and governments role is to help them adapt to change. WTO should encourage governments address barriers to challenger within countries. The victims of restrictive practices are consumers inside each country who must pay higher prices because of a less competitive market. These barriers also harm exporters and foreign consumers. Liberalizing should address investment restrictions too. There are fears scrimpy investment restriction encourages companies to relocate to lower wage countries, but people should understand foreign cultivate investment would go from rich countries to other rich countries rather than poor ones.Nevertheless, there are differences in the midst of views people have in the U.S. and the views people have in most developing countries about the WTO and profession li beralization. In developing countries people fear that increase trade liberalization will lead veritable countries to take advantage of their resources. In the U.S., the perception is that increased free trade will lead to a loss of sovereignty.Litan, Robert. Moving Towards an Open World Economy The Next Phase. 6 Dec. 2009.