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Cafta Study

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Submitted By Miller93
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ALFONSO MILLER FRAIGE

690506

MERCADOTECNIA GLOBAL

VIDEO STUDY “CAFTA”

19/ 10/2015

1- How would Adam Smith view CAFTA and other proposed free trade agreements?
- The notion of a free trade system encompassing multiple sovereign states originated in a rudimentary form in 16th century Imperial Spain. American jurist Arthur Nussbaum noted that Spanish theologian Francisco de Vitoria was "the first to set forth the notions (though not the terms) of freedom of commerce and freedom of the seas."[12]Vitoria made the case under principles of jus gentium. However, it was two early British economists Adam Smith and David Ricardo who later developed the idea of free trade into its modern and recognizable form.
Economists who advocated free trade believed trade was the reason why certain civilizations prospered economically. Adam Smith, for example, pointed to increased trading as being the reason for the flourishing of not just Mediterranean cultures such as Egypt, Greece, and Rome, but also of Bengal (East India) and China. The great prosperity of the Netherlands after throwing off Spanish Imperial rule and pursuing a policy of free trade made the free trade/mercantilist dispute the most important question in economics for centuries. Free trade policies have battled withmercantilist, protectionist, isolationist, communist, populist, and other policies over the centuries. * More than anything seen on the political commitments and having to accept less than perfect solutions to problems, it is an opportunity to grow . Before Nicaragua exported some products but only thanks to treaties have increased the number and variety of products.

2- Some 140,000 people are employed by the sugar industry, people that would, according to the farmers, eventually lose their livelihood with CAFTA , and if other agreements go into effect.

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