can you check my grammers on my paper within a hour?
By adminOne of the main causes for the current financial crisis and global recession are government has too much power over their markets. They adapted regulation and policies that government can manipulate the market and companies to made best interest for them. These radical government interferences repeatedly incur an economic difficulty by falling off countries. Many developing countries in Africa are the biggest victims that many third world innocent workers are suffering because of unnecessary trade restrictions. In Asia, several countries were implementing a free trade agreement between United States, which was very beneficial. It generated synergies on both countries’ economy as well as politically united. Free trade is the basic elements for economic growth and provides an improved standard living over all nations. Therefore, we should expand the free trade through the globalization with least government interference.
One of the basic barriers of the global free trade is the tariff. Government’s imposed tariff for importing goods are the certain percentage of overall national finance. And it is not very easy to give up those constantan money flows. However, high tariff cause a financial panic because it taper off the trade among nations. Current economic recession remind me of Great Depression 1929. It was the longest and widespread deep depression of the 20th century. The Great Depression had devastating effects in every country. One of the reasons held Great Depression to become so effective and quickly spread to virtually almost every country in the world was the international trade plunged by a half to two-thirds percentage. The reason was government imposed high tariff on imported goods coming into the country. According to the encyclopedia in U.S history, “The Hawley-Smoot Tariff Act of 1930 triggered a reaction overseas, with many countries establishing high tariff barriers. Subsequently, international trade drastically declined during the beginning of this decade of economic depression” (183). Government adapted such a legislation to halt all the imported goods in the name of protection for their own markets. This legislation was passing through the congress during that time.
Thereby, many export countries put high tariff on U.S products vice versa. As we can see above outcomes from the history, we need to prompt action on it rapidly. According to the noble prize winner Milton Friedman’s ‘Free to Choose’ and the well-known 18th century Scottish political economist Adam Smith’s ‘Wealth of Nations, informs us that free trade and globalization are the ultimate solution.
In the book, Free to Choose, Friedman provides embody of the free trade directive. This book has filled with full of well arguments and evidences show that how the markets and globalization have been played important role in world economic such as poverty and equal opportunities for underdevelopment countries. He said, “Free trade at home and abroad is the best way that a poor country can promote the well-being of it citizens” (39). He believed in an individual’s equal freedom made truly efficient free markets. Whenever government stretches their leg on market, often they took people’s privilege away which is the basic interest of a trade. Sellers can choose their markets and trade to make higher profit.
The coffee industry in Africa is the perfect example. In the film “Black Gold” which it represent coffee in nowadays, this movie stars in Ethiopia, the birthplace of coffee. In Ethiopia, more than 70 percentages of citizens are engaging in coffee farming. The coffee industry is worth over $80 billion and growing every year, which is the most valuable trading commodity in the world next oil. However, Ethiopia is still facing another famine, millions of farmers fast becoming bankrupt. The reason behind the product is the government restriction. The farmers, the actual producers neither sell their products whomever they want nor determine its price. There are more than six chains between farmers to meet consumers which are very unnecessary and farmers cannot do anything about this. These restrictions interrupted the communication between producers and consumers which are very important for interdependence and be faired to each others. According to Friedman, “in a free trade world…the terms at which any transaction takes place are agreed on by all the parties to that transaction. The transaction will not take place unless all parties believe they will benefit from it. As a result, the interests of the various parties are harmonized. Cooperation, not conflict, is the rule” (51). As Friedman emphasis the word ‘harmonized’, the main purpose of the free trade is be better off respectively.
Free trade is commonly leaded to the fair trade. According to the coffee industry statistics, “For every pound of coffee sold in the United States – which can vary from $2.68 for a 13-ounce can of Folgers to $8.49 for a one pound bag of Starbucks
wow, that’s long. Here’s what I recommend: Read over it very slowly and you’ll probably see quite a few of the errors and sentences that don’t make sense to a reader, like:
"These radical government interferences repeatedly incur an economic difficulty by falling off countries."
"world was the international trade plunged by a half to two-thirds percentage". (one half to two thirds of a percent is not that much, you mean it plunged by one-half to two thirds, or by 50-66 percent)
"this movie stars in Ethiopia,"
I think you can figure this out.
2 Comments
June 1st, 2010 at 6:38 pm
haha. very funny. do it yourself, lazy. but i found one mistake. it is grammar and not grammer, lol.
References :
June 1st, 2010 at 7:00 pm
wow, that’s long. Here’s what I recommend: Read over it very slowly and you’ll probably see quite a few of the errors and sentences that don’t make sense to a reader, like:
"These radical government interferences repeatedly incur an economic difficulty by falling off countries."
"world was the international trade plunged by a half to two-thirds percentage". (one half to two thirds of a percent is not that much, you mean it plunged by one-half to two thirds, or by 50-66 percent)
"this movie stars in Ethiopia,"
I think you can figure this out.
References :