Cooperation or Hegemony Essay Example | Topics and Well Written Essays - 1250 words - 1

Cooperation or Hegemony - Essay Example The paper reviews how the present-day international trade functions. It points out that core of the international trade system lies in the trade policies towards protectionism or free trade of different states. The author shows that in contemporary times, the international trade system involves certain rules, which explicitly target reducing protectionism. In this way, the instability, which may occur because of the uncertainty and unpredictability of trade relations can be, minimized. The work examines if the United States has a complete hegemonic control and dominance over the international trade market, because it is a known fact that powerful states tend to have broader focus upon political power, aggregate national income, social stability, and economic growth, which in some way affect the working of the international trade system. It also attempts to see whether different countries have brought the trade system together. The author concludes that much of the international syste m, which is established today, focuses on the ideas of the United States, which included an anti-government and liberal approach to the area of the trade. The international trade system seeks to create such a situation, so that countries can benefit from trade on maximum. The writer analyzes historic events which prove that the United States had a major role in creating a beneficial trade system. The conclusion of the research is the United States has a hegemonic control, necessary for the stability of the international market.

4. Using different newspaper articles on the recession and its origins Essay

4. Using different newspaper articles on the recession and its origins in the credit crunch assess how Webers explanation of value judgments and evidence might help us understand the different views - Essay Example (Hoenisch 2006). It clearly states that facts and information are different from values that exist in a judgment. We understand that a fact or evidence leading to a judgment is different from a value judgment. However, the question here is do facts and evidences on a situation enable us to make value based judgments? While we explore factual and perceptual information of the US recession, let us go over each piece of news from the leading dailies, over the last one year and carefully analyze and arrive at a consensus through Weber’s dichotomy understanding of facts and values. It is essential to arrive at a clear cut estimation of facts and the information stated in these dailies to understand their different views and the origination of the credit crunch. Body: Let us start off with the latest on the US recession. The Guardian reports â€Å"The US unemployment rate has hit a 26-year high after employers shed 663,000 jobs in March to cope with plunging demand for goods and deteriorating economic conditions. The March figures were in line with economists forecasts and they had little immediate impact on the financial markets. The Dow Jones Industrial Average was likely to open marginally higher at the opening bell on Wall Street.There was a degree of relief that the numbers were not worse. Peter Kenny, the managing director of Knight Equity Markets in New Jersey, said: "It gives the market a sense that we dodged a bullet in the very, very near term. Its positive in that it wasnt a blowout number of more than 750,000."Nevertheless, jobs were lost in every sector of the economy except for healthcare and education. The White House had been expecting bad news. Speaking ahead of the figures, President Barack Obamas spokesman, Robert Gibbs, said: "I think its safe to expect - without having seen them - that well see additional severe job cuts in America.† Despite the rising level of