Sunday, April 15, 2012
U.S.-Colombia Trade Pact Is Set
This story published in the Wall Street Journal points to the influence that the United States has on other countries economies. The United States enacted stronger regulations on developing economy of Colombia to be in stronger support of free trade and protect workers rights. The United States has this power to change how trading partners run there economies and over the next decade it will be a interesting to see how the EU and China will play into this power dynamic. Do you think the EU and China in the future have the same influence on a countries economic policy that the United States does?
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I feel that although the EU and China are amongst the top economies, they will not influence others economic policy like the US does. The US plays not only a big role in physical trading transactions and but also in developing guidelines for trading.
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