A Short Note On Conventional Trade Treaties And...

With conventional trade treaties, there rests an official communication of intergovernmental cooperation. Governments surrender their sovereign privileges to choose their own trade policies in exchange for similar concessions by others. The policies enforced by any government affect the well-being not only of its own citizens, but also of those in other countries. In present day, the dichotomy concerning domestic and international politics is shifting and challenging both foreign relations and democratically legitimate government. International events within the EU and United States, such as Brexit and Trump’s attempt at withdrawing from NAFTA, are intermixed with national politics, which in turn impacts policy responses. Due to this, populist parties and movements are thriving, challenging the status quo and the governing elite, becoming the new instigators for the global economy. On June 24th 2016, British residents made the collective decision to branch away from the European Union. (The Washington Post) This exit is also to be referenced as â€Å"Brexit†. This came as a shock that resonated across the economic markets. This decision trails along greater economic repercussions that will negatively affect the U.K. and global financial markets. The growth in vagueness concerning economic growth in the United Kingdom is the motive for the instantaneous reaction that occurred in the economic markets. Brexit will unavoidably amplify the discrepancy between the UK and theirShow MoreRelatedThe Problem Of Rational Deterrence Theory2503 Words   |  11 Pagesand failure to arrive at a resolution, the two parties were able to arrive at a resolution. Theorists have differed on their application of theory to interpret the conflict and its resolution, framing the issue from all levels of analysis from international to domestic. 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