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International Trade Laws and Foreign Policies 1 INTERNATIONAL TRADE LAWS AND FOREIGN POLICIES by Name: Course: Professor’s Name: University: City (State): Date:
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International Trade Laws and Foreign Policies 2
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International Trade Laws and Foreign Policies 3 International Trade Laws and Foreign Policies Chapter 1: Introduction Foreign policy denotes the actions a central government takes towards another country in the best interests of its domestic affairs. For instance, the aim of the global foreign policy of the U.S. is to promote freedom for benefiting the international community and the American citizens. It achieves this by striving to develop and maintain a more prosperous, secure, and democratic planet comprising appropriately-governed states that behave in a responsible manner within the international system, reduce widespread poverty, and respond effectively to the needs of the residents. The essence of these interests is to support an orderly and functional global
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International Trade Laws and Foreign Policies 4 society, a strong economy, boundaries, and security. Consequently, the key objectives of the nation’s foreign policy are to protect the United States and American citizens, promote international comprehension of American policies and values, encourage economic prosperity and growth, defend human rights, and advance democracy. This paper evaluates the international trade laws and foreign policies used in the United States and the United Arab Emirates (UAE). Furthermore, it assesses the business operations of Toyota in these countries and considers the impact of the laws applied in the regions on the operations of the company. The UAE (United Arab Emirates) scores well on regional and international comparisons of various factors, such as the ease of doing business, per capita income, and
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International Trade Laws and Foreign Policies 5 creditworthiness. On the other hand, the often ineffective, expensive, and intrusive government policies in the United States have hampered the country’s traditionally vibrant entrepreneurial development significantly. Chapter 2: Literature Review Background of the UAE According to Yom (2014), the UAE is a federation comprising seven monarchies: Umm al-Qaiwain, Sharjah, Ras Al-Khaimah, Dubai, Ajman, Abu Dhabi, and Fujairah. The seven leaders of the Emirates (collectively known as the Federal Supreme Council) select the president and the deputy. Fein (2013) asserts that Sheikh Khalifa bin Zayed al- Nahyan, who is the ruler of Abu Dhabi, has governed the country since 2004 and maintained tight control over these
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International Trade Laws and Foreign Policies 6 emirates. However, the leaders responded to the 2011 demonstrations for greater political plurality by implementing massive investments in infrastructure in the poorer regions and increasing the number of individuals permitted to vote in the elections.
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