Answer:
Economists have had an enormous impact on trade policy, and they provide a strong rationale for free trade and for removal of trade barriers. Although the objective of a trade agreement is to liberalize trade, the actual provisions are heavily shaped by domestic and international political realities. The world has changed enormously from the time when David Ricardo proposed the law of comparative advantage, and in recent decades economists have modified their theories to account for trade in factors of production, such as capital and labor, the growth of supply chains that today dominate much of world trade, and the success of neomercantilist countries in achieving rapid growth.
Its the Open Door Policy, Answer C.
The Open Door policy originated in the treaty port system that emerged in China during the 1840s. For centuries, China had resisted the efforts of Western traders to penetrate the country, restricting their activities to the port of Canton (Guangzhou) and subjecting them to severe punishment for violation of Chinese law. Following Britain's sweeping military victory over China in the First Opium War from 1839 to 1842, however, the Qing dynasty had no choice but to grant major concessions. The British government forced China to open four new ports to foreign trade: Amoy (Xiamen), Foochow (Fuzhou), Ningpo (Ningbo), and Shanghai. British negotiators also insisted upon two privileges that would become hallmarks of Western imperialism in China. First, they demanded extraterritoriality, the right to subject British offenders to British rather than Chinese law. Second, they demanded most-favored-nation status, meaning that Britain would automatically benefit from concessions that China granted to any other country. In fact, as the historian Warren I. Cohen has observed, this demand for equal opportunity meshed well with Chinese calculations at the time. The imperial government, hoping to garner the goodwill of other Western powers to resist further British pressure, declared that all nations would have equal privileges in the treaty ports. "Now that the English barbarians have been allowed to trade," declared the Daoguang emperor, "whatever other countries there are, the United States and others, should naturally be permitted to trade without discrimination." In this way the United States, without firing a shot, came to enjoy the benefits that Britain had extracted through military intervention.
You Could Only Find Happiness By Studying Nature And Other Simple Things In Life .
Answer:
The literal meaning of perestroika is "reconstruction", referring to the restructuring of the Soviet political and economic system, in an attempt to end the Era of Stagnation. Perestroika allowed more independent actions from various ministries and introduced many market-like reforms
Explanation:
