Sculpture
An unconventional equestrian statue adorns the outside of the Federal Trade Commission building in Washington, D.C. Rather than riding astride his horse, the man depicted in the statue by Michael Lantz is wrestling with the animal. The physical exertion on the part of both man and horse is immediately apparent in their expressive body language, tense musculature, and fervent facial expressions. Erected in 1942, the "Man Controlling Trade" is deeply symbolic and perfectly representative of the core mission of the FTC. The FTC exists to regulate business, with goals of preventing monopolies, stimulating healthy competition, and encouraging entrepreneurship. In Lantz's statue, the horse represents unregulated trade. The massive creature is, ironically, one that has been tamed for use by human beings for centuries if not thousands of years. The horse has been used as a mode of transportation and beast of burden, and was used as both up until the 20th century. However, the horse is also famous for its inherently wild nature that can never be actually tamed in the same way a house cat can vs. its feral brethren.
Lantz's horse struggles against the man, wrestling so that it might break free. The iconography is straightforward: commerce and free trade are like wild animals. Unfettered and free, trade will run wild and will never be useful to human beings. The potential force of commercial enterprise is symbolized by the strong musculature of the horse...
Trade blocks remove certain restrictions to trade. Economic blocs help promote free trade. Discrimination against imports nor interference with exports describes free trade policy and the government's role in free trade. The role of the government includes not applying subsidies to exports or tariffs to imports nor quotas. In accordance with the law of comparative advantage, policy allows the trading of partners' mutual gains derived from trade of services and
The level of industrialization of the SEA countries also varies largely but this can be attributed to the difference in the size of the domestic market of each country or region and their overall level of development on the economic front. Singapore and Indonesia have benefitted largely from the creation of the ASEAN since these countries are the larger of the SEA countries. Malaysia has also benefitted as a
Also, the importation of technology from abroad exposes consumers and producers alike to the innovative use of vehicles, such as hybrid technology, that domestic producers can implement even better than the original manufacturer. Innovation is the ultimate driver of new sales and the creator of new markets and new markets means more jobs for workers. Beginning a trade war by setting tariffs or limiting imports through quotas ultimately creates waste
Free Trade Trade is the exchange of goods or services, and international trade is the same when it crosses international borders. Trade across borders traditionally has been subject to trade barriers such as quotas, taxes, tariffs and duties. Modern trade theory rests on two key platforms. The first is Ricardian trade theory, based on comparative advantage, where both parties in a trading arrangement can enjoy a higher net level of trade
However, each stakeholder has its own interests at heart. Those interests in the long-run may be served by freer trade, but in the short-run they are driven more by political considerations. Works Cited Markheim, Daniella & Rield, Brian M. (2007) Farm Subsidies, Free Trade and the Doha Round. The Heritage Foundation. Retrieved December 11, 2008 at http://www.heritage.org/RESEARCH/BUDGET/wm1337.cfm Chang, Ha-Joon. (2007). Protectionism...the Truth on a $10 Bill. The Independent. Retrieved December 11, 2008
Free Trade Agreements Are free trade agreements a good policy for nations? Given that there are 200 free trade agreements in place globally, there are clearly benefits, but what are the negatives? This paper explores the positives and negatives of free trade agreements, and this paper delves into the NAFTA pact between the U.S., Canada, and Mexico, for the upsides and downsides of that agreement. What are Free Trade Agreements and why
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now