“We need to change the way we think about global trade,” said Tom Kibby, senior policy analyst for the Global Trade Center. “We should not think ‘here is what is good for American business.’ We should be thinking, ‘here is what is good for the world.
This is one of those ideas that we find ourselves in a situation where we take for granted. The way the world trades goods, services, and currencies is an incredibly important part of our global economic life. It is in this very, very narrow sense that we can think of it as a free market. What can seem like a free market to us is actually highly regulated.
By regulating, I mean that the government creates barriers to entry for businesses. The government establishes laws and regulations that help businesses grow, but it does so in a way that keeps them from becoming too big. In this sense, the government is a business. So are banks and businesses. Because a business (or a bank) must be regulated by the government to ensure they are not becoming too big, they must also have rules and regulations that keep them from being too small.
This is a great example of a business that has to meet certain criteria. That means that if the government doesn’t set them up, they have to be regulated. If your business doesn’t have enough customers, the government will help it grow. If your business is too big, the government will help it fail.
In many instances, global trading organizations (like the ones we’re about to discuss) are regulated. Because they handle the most important transactions, they need to be regulated. Because a large portion of the world’s economy is based on financial transactions, it seems that the governments in power need to be involved as well. This is a great example of a company that has to meet certain criteria. They need to be regulated.
Companies that trade internationally are regulated because it is a huge market. They have the power to decide what is and is not allowed. Companies that operate in small markets need the same type of regulatory power, and with global trade it is not hard to find examples. The one example I can think of is the British Railways, but there are many other examples.
This is an example of a company that has set up its own trading system but still is regulated. The power to decide what is and is not allowed is a power that has never been used before, and even though it is a power, it is not a power we can use to set ourselves above the competitive marketplace. If you have a global trading system that is not regulated, then you are in a position to dictate to the marketplace what is and is not allowed.
The truth of the matter is that most businesses have this very thing, but they have no way to regulate it. We can debate about what kind of trade system is the best and most efficient, but we can’t tell other people what to do. That is a power the marketplace has, and has always had, but has never used to give itself control over anything.
This is why it is so important to have a good trading system. But you can end up in a world where you are in a position where you can dictate to the marketplace what is and is not allowed.
Global traders are people who operate in very large groups of many people. They can have very different trading policies, or rules, or restrictions. This can make it very difficult to tell which policies are what.