chapter 7 assignment - Zach Hawkins Chapter 7 assignment Critical Thinking and Discussion Questions 1 Do you think governments should consider human

chapter 7 assignment - Zach Hawkins Chapter 7 assignment...

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Zach Hawkins September 26, 2016 Chapter 7 assignment Critical Thinking and Discussion Questions 1. Do you think governments should consider human rights when granting preferential trading rights to countries? What are the arguments for and against taking such a position? Being that China has the most favorable nation (MFN) status, many countries import and export products with China. The U.S. is one of China’s biggest partners. Human rights, legally, do not have to be considered to do business with another country. In essence, if other countries violate human rights or have poor working or living environments, you can still trade with that country. For some businesses, that means outsourcing jobs to other countries where labor and other costs are lower. That benefits those countries, because they can make more revenue by getting their product on the market faster for consumers, which can improve their economic development. The government should consider human rights when it comes to preferential trading rights. Countries that violate human rights should not be granted preferential rights. They should be penalized for violating their citizens’ rights. Tariffs could be placed on countries that violate human rights, in hopes for them to change their laws and grant their citizens equality. That could be one way to improve human rights in countries that you are trying to do business with to import and export products or services. 2. Whose interest should be the paramount concern of government trade policy – the interests of producers (business and their employees) or those of consumers? The consumers always come first. Companies producing a product in the market for the consumers to buy, should always take in account what the consumers want. Businesses and their employees must abide by the trade polices set forth by the government, and in
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turn give the consumers what they want, when they want, while improving the economic development. Unsafe products can come to market, and it is the job of the government and the businesses to recall the products and have them sent back to the country where they were exported from. In 2003, several countries banned the import of American beef, as a case of Mad Cow Disease was discovered in Washington State. The government was
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