Ec Ph3 Db2

Running head : OBSTACLES FOR ECONOMIC POLICY COORDINATIONSWhat argon nigh obstacles to boffo international economic policy coordinationBharathi KurakulaWriter , Osmania UniversityAbstractThere are trinity main obstacles for successful coordination of international economic policy . They are enforcement , uncertainty , and corruption (Frankel , 1990 Tanzi Davoodi , 1998 . World vocation organization is the hardly global parcel out organization which deals with the trade laws . So enforcing the laws uniformly among the nations is one of the main problems . And the countries uncertainty ab extinct the laws in the foresighted run is another problem . Finally corruption leave decrease the convergenceiveness of the commitment due to some companies who invest in a country s trade for kickbacks or for bribes What are some obstacles to successful international economic policy coordinationFor successful coordination of international economic policy , in that location are tether main obstacles : enforcement , uncertainty , and corruption (Frankel 1990 Tanzi Davoodi , 1998 The World switch over brass instrument (WTO ) is the unaccompanied global international organization dealing with the rules of trade between nations (World Trade Organization , n .d . The problem with only one organization to supervise all trade is the hassle of this . Not every country is a member of the WTO and there are only 150 countries that are members of this organization out of the whole world . Therefore it is impossible for all of the trade policies to be enforced around the worldUncertainty is the second obstacle that buns emerge . Countries that enter a trade agreement are unsure as to what will happen in the languish run . The questions that may appear will be almost their jobs , inflation sovereignty , environment , etc and the list continues . It s important to whap or predict the outcome of the agreements . So with every business venture it is important to always keep the lines of communication heart-to-heart and also to do the proper researchCorruption is another issue that piece of ass occur .

Some companies might invest in a country in hope of kickbacks or bribes . The result is that paradoxically , some human beings investment can end up reducing a country s growth because the average productivity of the investment will drop even though the fate of public investment in gross domestic product (the year ) may have risen (Tanzi Davoodi , 1998 . The country that is belief as giving the bribe gets hurt in the keen-sighted runReferencesFrankel , J .A (1990 , September 25 . International nominal targeting (int : A proposal for overcoming obstacles to policy coordination HYPERLINK http /ksghome .harvard .edu 7Ejfrankel /MONTDUMM .R51 .PDF http /ksghome .harvard .edu jfrankel /MONTDUMM .R51 .PDFTanzi , V Davoodi , H (1998 , March . Roads to nowhere : How corruption in public investment hurts growthHYPERLINK http /www .imf .org /external /pubs /ft /issues12 / power .htm http /www .imf .org /external /pubs /ft /issues12 /index .htmWorld Trade Organization (n .d . What is the wto . For World Trade Organization Web set http /www .wto .org /english /thewto_e /whatis_e /whatis_e .htmObstacles for economic policy varlet 4...If you want to get a full essay, order it on our website: Ordercustompaper.com

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