Asian RTAs discussion board

Asian RTAs

Asian RTAs discussion board

2 replies of at least 200 words each.For your 2 replies, you must incorporate a minimum of 2 different resources citing them in current APA format. You may use the textbook, scholarly journals, the Bible, and governmental websites.

First student-Monica Fields
Asia is the largest continent in the world and has several RTAs that are different from most RTAs throughout the world. Asia RTAs differs in four distinctive ways such as 1.) They are less institutionalized and less formalized than RTAs in other regions. 2.) They follow economic integration more than leading it. 3.) They have monetary cooperation in most cases than trade cooperation. 4.) They region’s largest traders are divided over their vision for RTAs in their region. The four different aspects in the RTAs have caused several issues within the members because there is not agreement due to different opinions on countries that should participate in the agreement. (Lynch, 2010)
Two specifics examples of how these different aspects are displayed within the nations associated with them are 1.) The anti-competition practices employed by importers and wholesaler in the importing countries. The system being corrupted allow importers to maintain monopoly controls and manage the import volumes by deploying NTBs on selected exporters and at selected times. 2.) The lack of proper arrangements for the flow of people and finances in the region. Due to the security concerns the government have yet build trust in the banks, consulates, and border agencies to determine legitimate transactions. This cause issues because people are not able to trade freely. (Prasai, 2014)
Mormon and Christianity are two denominations that believe that Jesus is the Son of God but has many different beliefs. The main beliefs that stuck out to me were in Mormon they believe: There is no original sin. The Articles of their Faith 2 says, “We believe that men will be punished for their own sins, and not for Adam’s transgression.” In Christianity, they believe: Sin entered in the world from the disobedience of Adam. Christian Faith Roman 5:12 states “Therefore, just as through one man sin entered the world, and death through sin, and this death spread to all men, because all sinned.” This belief in Mormonism causes many denominations to question Mormons in why Jesus had to die. (McDowell, 2012.)
In many ways, yes Mormon is right that we do have to pay for the penalty of our sins because of the choices that we make that is against the teachings of God. However, God made man with the ability to have freedom in the Garden of Eden and gave man a choice to be free from sin until Adam ate fruit from the specific tree that God said not to. In doing this, sin entered into the earth and the price was death until Jesus died for our sins to give us remission.

References
Prasai, S. (2014.) IN ASIA. Real-World Problems of South Asian Integration. Retrieved From: http://asiafoundation.org/in-asia/2014/02/26/real-world-problems-of-south-asian-integration/
McDowell, S. (2012.) Biola. What are the Key Differences between Mormonism and Christianity? Retrieved From:http://magazine.biola.edu/article/12-summer/what-are-the-key-differences-between-mormonism-and/
Lynch, D. (2012.) Trade and Globalization. An Introduction to Regional Trade Agreements.

Second Student- Joshua Kepart
There are four distinct elements that make Asian RTAs differ from RTAs from other regions of the world. Author David Lynch (2010, p. 129) briefly introduces these four elements. First, Asian RTAs tend to be less formalized and less institutionalized. Second, instead of leading economic integration, Asian RTAs follow economic integration. Third, trade cooperation is not as obvious as monetary cooperation. Fourth and finally, the largest traders of the region are split over their vision toward regional RTAs. The purpose of this post is to examine two of the four distinctions mentioned by Lynch.
First, China is one of the major players in the Asian region. In fact, China possesses the world’s second largest economy and is the largest importer and exporter in Asia (Yu, 2011, p. 611). Therefore, the decisions made by China when it comes to RTA activity can send ripple effects throughout the region. In addition, China has been one of the major initiators of bilateral agreements. Some of their bilateral free trade agreements have included countries like Chile, Peru, and Costa Rica (Yu, 2011, pp. 616-617). However, not every neighboring Asian country is excited about these agreements. The argument, from these opposing nations, is that China is making agreements not for economic reasons but rather political reasons. While these agreements can produce some immediate economic growth, the concern for toward long-term security issues (Yu, 2011, p. 620). Politically driven decisions are not always the best route to take, especially when discussing economics.
The second example of these distinct elements can be seen in the Chiang Mai Initiative or CMI. In fact, three of the four elements can be briefly mentioned here. Lynch (2010, p. 145), states, “The Chiang Mai Initiative is a loose grouping of a set of bilateral monetary cooperation treaties between ASEAN+3 members and is at the same time a process of moving toward more institutionalized monetary cooperation.” From this quote one can see that the CMI is not formalized, but working towards it, and is focused primarily on monetary cooperation. These two elements are specifically mentioned above. In addition, setting up CMI was stalled because of differing views in the vision for its establishment. Japan first introduced the idea in 1997 but was denied. It was not until three years later in 2000 that the CMI was approved and started (Sussangkarn, 2011). Almost all four elements are displayed in this one agreement.
In examining differences among Christian denominations, it was interesting that churches with a Brethren or Mennonite background emphasized and seemed to include foot washing as a third ordinance or sacrament (Mennonite Church, Article 13). For other denominations such as Baptist, there is a belief that only two ordinances were left by Christ – Baptism and the Lord’s Supper. It is unlikely to attend a service at a Baptist, Methodist, or Presbyterian churches where foot washing would be a normal practice. However, following the example of Jesus when He washed His disciples feet, Mennonites continue the practice.

References:

Lynch, D. (2010). Trade and Globalization: An Introduction to Regional Trade Agreements. United Kingdom: Rowman & Littlefield, Inc

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