American Global Trade Essay Example | Topics and Well Written Essays - 3000 words

American Global Trade - Essay Example But they have also caused some friction. The trade relationship between US and China has become increasingly central to the economies of both countries. China's economy has been growing at roughly ten percent a year for more than two decades, and its growth has been closely tied to the open trade and investment regimes of the major economies of the world. Exports account for 40 percent of China's gross domestic product (GDP), and China has depended on the growth of its export sector to spur modernization of its economy and support improved standards of living. The World Bank estimates that during the past two decades (1980s and 1990s), nearly 400 million people in China have been lifted out of poverty. According to Chinese data, the United States market has directly accounted for 22 percent of China's phenomenal export growth over the last twenty years. The enormous scope and scale of the changes that have occurred in China's trading posture and in our bilateral trade relationship pose continual challenges. ... U.S.-China Trade U.S. policy is to further open China's markets to U.S. firms, and to encourage China to correct imbalances within its system. The U.S. supported China's WTO membership as a big step toward eliminating market barriers to U.S. companies. The U.S. continues to work with China's leaders and reformers to achieve full and effective compliance with China's WTO commitments in order to increase U.S. exports to the PRC. Ever since Deng Xiaoping ushered in a wave of liberalization in the late 1970s, the world has witnessed a surge in Chinese economic power. Over the last quarter century, China has averaged 9.5 percent growth annually, more than quadrupled its gross domestic product (GDP), and lifted over 400 million of its citizens out of poverty. In 1977, China had the thirtieth-ranked trade volume in the world; in ten years it is projected to be the world's top trading nation; and in fifteen, it will likely have the world's largest GDP. This rapid rise was aided by the normal trade relations China established with the United States in 1979, and later by China's accession into the World Trade Organization (WTO) in 2001. But U.S.-Chinese trade relations have always been somewhat uneasy; for many years, Congress used an annual review of China's "Most Favored Nation" trading status to link trade liberalization with Beijing's human rights record. More recently, U.S. leaders have begun to worry about a massive trade imbalance that continues to grow. Protectionists in Washington and Beijing have begun to dig in their heels against the powerful economic forces that are changing their nations, while U.S. calls for China to revalue its currency and crack down on counterfeiting have not made much headway. Trade Volume A major factor in China's quick

Ethical Conduct in Scientific Research Assignment

Ethical Conduct in Scientific Research - Assignment Example In real sense, they were not being given penicillin which was the standard treatment for syphilis. The scientists who carried out the study as Tuskegee continued to examine the subjects and withheld information relating to penicillin from the patients. In addition, the scientists did not allow the participants to access syphilis treatments that were available to the other people in Tuskegee (Reverby, 2009). This resulted to suffering, pain, and even death for the participants. The revelation of the study made the federal government to have a closer look to studies involving human subjects and initiated changes to prevent ethical breaches that happened at Tuskegee. The resultant reforms in clinical research include, firstly, the researcher should notify partakers that their anonymity. This means that they will be informed that their responses will not be discussed with anyone else. Consequently, the privacy and confidentiality of the participants is maintained. Secondly, informed consent. The respondents need to be informed of the aim and nature of the study. Consent is about if a participant decides to participate in the study or not (Shrader-Frechette, 2011). The consent can be obtained directly or indirectly through third-party consent. Informed consent entails capacity which is the person’s capability to acquire as well as retain knowledge, information is where the participant accesses information regarding the study, and voluntariness involves the person willingly participating in the study. They also have the right to withdraw from the study at any time. Finally, harm protection. The researcher needs to ensure that none of the par ticipants is exposed to unwarranted psychological and physical harm (Adil & Shamoo, 2009). In the Tuskegee Syphilis Study, the scientists were engaged in unethical practice since they knowingly failed to inform the participants that penicillin was an effective cure for the