Question

Do you believe that these three countries (Brazil, United States and India) under consideration practice policies that promote globalization? For example, what are those countries' policies toward (a) governance, (b) competitive markets, (c) property rights, and (d) corruption?

Answer 1

Each of these countries: United States, France, and Japan have policies with regard to governance, competitive markets, property rights, and corruption that help to promote globalization. That being said, at times those policies are broken. When looking at the case of Enron in the early 2000s it is clear that this scandal had resounded negative effects on the global market. New restrictions were put in place as part of the Sarbanes-Oxley Act of 2002 which affected the entire global market because of how US business partners needed to adjust their relationships with their foreign partners.

In reviewing the competitive markets of the US, France, and Japan it is clear that these countries have trade policies that promote private sector competition in the global marketplace. These countries are in the top 10 of world economies largely due to their policies with regard to competitive market place and globalization.