Cessation of Multi-Fibre Agreement Impact on Free Trade Essay

Cessation of Multi-Fibre Agreement Impact on Free Trade - Essay Example There was an agreement among the EU states in the year 1995 to phase out the MFA over a period of ten years. Accordingly the MFA was abolished at the end of the year 2004. The removal of the protectionist measure in the form of MFA has resulted in economic advantages to certain Western European Countries. However certain other European countries like Italy, Spain, Portugal, and Greece have raised serious complaints against the removal of the quantitative restrictions on the plea that such action had largely affected their domestic textile and clothing industry and the workers in the industry. With this background this paper presents a critical assessment of the potential benefits and problems to which European Union is subjected to due to the abolition of MFA. Before the impact of the abolition of the MFA on the European Union can be discussed it is important a background of the causes and circumstances under which MFA was entered and the immediate effect of the abolition thereof. (Jean-Pierre Lehmann) The emergence of China as an economic power had influenced all the other countries of the world to make economic adjustments to grow at the same pace as Chinese economy developed. In the light of these changes in the world economy, the Western European countries had embarked upon an association for peace and prosperity in the form of European Union. The economic and political success of the European Union had made the Eastern European countries to request for accession to the EU. All the European countries and even China opted for accession to World Trade Organization in the wake of economic globalization. (Jean-Pierre Lehmann) The formation of the EU and accession to the WTO had resulted in some over-regulation and un-dynamic inbuilt rigid aspects in some of the European economies especially for the protection of uncompetitive sectors. This had also restricted the provision of the conducive conditions for any creative destruction or innovation. Under these circumstances countries like the Netherlands, Britain, Ireland, Latvia and the Scandinavian countries have reformed their economic structures and adjusted themselves to the changing circumstances. However there are other larger economies like Germany, France, Italy, Spain, and Poland had become less successful due to their industrial sluggishness. One of the anomalies of the international trading system resulted out of such un-dynamic environment basically to protect the domestic industry was to place the textiles and garment out of the General Agreement on Trade and Tariffs (GATT) rules in the Multi-Fibre Agreement (MFA) The agreement was entered into with the intense pressure from the governments of the developed countries since there was a fear in the import-competing firms in such nations that the rise in imports from the cost-competitive developing countries would eventually destroy the viability of their domestic textile and clothing industry.( (Grimwade, 1996) "This was a defence measure initially taken in response

Drama analysis of Hamlet Essay Example | Topics and Well Written Essays - 1000 words

Drama analysis of Hamlet - Essay Example Hamlet feigns insanity to discover the truth, but might as easily be insane by the mere fact of seeing and talking with ghosts. While Hamlet at first seems to be insane, there are several ways, through both language and action, that Shakespeare works to demonstrate that there is a definite method behind Hamlet’s madness. Hamlet, is at first presented as an intelligent young man who is perhaps a little spoiled yet who knows his duty and has a bright future ahead of him, but who is also quickly linked with the idea of insanity. From the beginning of the play, he is shown to be a man who is divided. His first spoken words in the play, â€Å"a little more than kin, and less than kind!† (I, ii), are spoken in an aside to himself, indicating the disdain in which he holds his uncle and mother, but could also be interpreted as the first signs of insanity as he is seen to be talking to himself. His next words, spoken to his uncle, â€Å"Not so, my lord. I am too much in the sun† (I, ii), demonstrate his ability to quickly turn a phrase upon itself. While he is answering his uncle’s question about why the â€Å"clouds still hang† on him, he does not answer the question and instead makes a reference to being looked after too much by his uncle as well as too much considered a son. Th is tendency of his to always find a double meaning in any sentence is one of the first indications of insanity Shakespeare provides. In addition, Hamlet demonstrates an almost suicidal depression following his father’s death and his mother’s betrayal, only kept from that by his religious upbringing: â€Å"O that this too too sullied flesh would melt, / Thaw, and resolve itself into a dew, / Or that the Everlasting had not fixed / His canon ‘gainst self-slaughter† (I, ii). Very early in the play we learn that Hamlet has lost all faith, all joy and all purpose in life. He cannot accept his