Achieving Competitively Cooperative Economic and Trade Relations: Lessons Over the Years

Achieving Competitively Cooperative Economic and Trade Relations: Lessons Over the Years

Copyright: © 2018 |Pages: 9
DOI: 10.4018/978-1-5225-4131-8.ch005

Abstract

This chapter aims to highlight how trade relations can be improved and fostered through an effective symbiotic relationship which does not leave the other trading partner feeling exploited or having executed a bad deal. Free trade agreements are intended to be beneficial to parties involved – when negotiated with relevant and necessary skills – as provided for in terms and conditions within such agreements. Lessons from trading and economic relationships may also serve as a stark reminder than regional alliances and allies will always be beneficial than economic alliances.
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Background To The Literature: Competition, Innovation, And Trade Agreements

Table 1.
Timeline: From the era of liberty to the present
The Statue of Liberty (1886)
(" La Liberte eclairant le Monde ")
"Copper statue, a gift from the people of France to the people of the United States"
Designed by Frederic Auguste Bartholdi
Built by Gustave Eiffel
Dedication of statue took place on the 28th October 1886 - with eventual restoration occurring in 1938, 1984-86 and 2011-2013
The 60s
Civil rights movement
Man 's moon landing in 1969 (20 July 1969):
In the words echoed by Neil Armstrong:
"...That's one small step for man......
One giant leap for mankind......"
How far have we progressed? Will the next landing be on Mars? And how soon can - given this era of advanced information technologies? This however, as it appears, does not appear to be a priority for the current US administration - given more crucial issues related to the need to address trade and budget deficits - as well as consolidation of weaponry and equipment needed to secure national defense and security. Perhaps NASA has other plans and ideas.......
The 1970s 
The World Trade Center was completed in 1970 and opened in 1973
1980s to present
Increased globalisation, with impacts of increased information technology and advanced technologies dominating these decades. The Internet Revolution - as well as the digital economy changing and revolutionising not just trade, commerce sectors, but also many other sectors and services intertwined with conglomeration - namely, banking, insurance and investment.

Whilst current focus certainly reverberates round the Presidential results – as well as its consequences and repercussions for the global economy, free trade and future diplomatic relations, concerns also relate to the need for sustenance of the United States continued formidable relationship and commanding presence in Asia, particularly given its role as the global economic leader.

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