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"ARTICLE REVIEW ECO360"
ARTICLE REVIEW ECO360
Author:
Leonard Herriman
In the article No State Strategy for Trade, author Jock O'Connell elaborates about the possible ramifications of the State of California's recent decision to abolish the California State World Trade Commission (WTC). Despite the fact that California is one of the worlds foremost economies, with sizeable stakes on what decisions will be made, this month the World Trade Commission will represent California at the negotiating table regarding the reduction in trade barriers in Cancun Mexico. In this article, O'Connell describes the rise and fall of the commission and further offers his interpretation of a possible resolution in the handling of the state's trade related matters for the future.

According to a report published by the San Francisco based Public Policy Institute of California, the state has different trade interests than other states. California firms rely more heavily on exports than do other United States companies with exports representing 10% of California's economic output, as compared to 7.6% for the rest of the country. This mix of products ranges from produce, fruits, wines, nuts, and manufacturing of high-technology products. Other parts of the country export items such as soybeans, and raw grains. This output makes California more reliant on the Far East than other parts of the United States.

Despite the heavy trade out of California, Governor Grey Davis signed a budget eliminating the California Technology, Trade, and Commerce Agency, as well as the California Sate World Trade Commission. This cost saving move has been highly criticized leaving people wondering what will be the next step. (O'Connell, 2003)

According to O'Connell, for at least a decade no one has really been minding the California store with regards to foreign trade. Beginning in 1993, the California State World Trade Commission was absorbed into the California Technology, Trade, and Commerce Agency. After this period O'Connell suggests...

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essay on ARTICLE REVIEW ECO360
Pages:
4 (935 words)
Comments:
2
Added:
07/09/2011
Category:
Business
Plagiarism level of this essay is: 91%
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Comments:
Rech
Hey. Who can do my essay on ARTICLE REVIEW ECO360
11/08/2011
Pedro
This video engaged me its eirtne length. I was impressed at how well complicated information was presented so that it was easy to understand, and at its successful use of graphics. It seems indicative of the quality of instruction one might expect from Strictly English.
04/24/2012
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