Trade Agreements, Multinational Organizations, Embargoes, and Protectionism

CONTENT STATEMENT

20. Trade agreements, multinational organizations, embargoes and protectionism impact markets.

CONTENT ELABORATION

The global economy is subject to the influence of local, national and international governmental actions.
Governments can influence and regulate trade through trade agreements and multinational trade organizations, such as:

trade agreements: North American Free Trade Agreement (NAFTA), General Agreement on Tariffs and Trade (GATT); and

multinational trade organizations: European Union (EU), Organization of the Petroleum Exporting Countries (OPEC).

Embargoes and protectionism policies such as sanctions and tariffs can be used to restrict trade.

EXPECTATIONS FOR LEARNING

Explain how international trade agreements and multinational organizations impact markets.

Evaluate the impact of embargoes and protectionism on markets.

POTENTIAL CAREERS:

Searched: Trade Agreements

13-1075.00	Labor Relations Specialists
13-1022.00	Wholesale and Retail Buyers, Except Farm Products  Bright Outlook
41-3031.00	Securities, Commodities, and Financial Services Sales Agents
11-2021.00	Marketing Managers
13-1121.00	Meeting, Convention, and Event Planners
11-2022.00	Sales Managers
13-1161.00	Market Research Analysts and Marketing Specialists
51-9031.00	Cutters and Trimmers, Hand
11-9199.02	Compliance Managers
13-1041.04	Government Property Inspectors and Investigators
13-1041.08	Customs Brokers
13-1151.00	Training and Development Specialists
19-3011.00	Economists
25-1011.00	Business Teachers, Postsecondary
25-1194.00	Career/Technical Education Teachers, Postsecondary
39-4011.00	Embalmers
51-4032.00	Drilling and Boring Machine Tool Setters, Operators, and Tenders, Metal and Plastic
47-3019.00	Helpers, Construction Trades, All Other
13-1141.00	Compensation, Benefits, and Job Analysis Specialists
41-3091.00	Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel