International trade finance
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...... Both unique and significant, McDonalds argument that increased amounts of free trade between states lead to decreased amounts of conflict has strong implications not only for the field of international finance, but also for a variety of other areas of social science scholarship. Backing up his argument with statistical data, McDonald makes a convincing case that free trade does, indeed, lead to lower instances of conflict between states. Similarly, the logical organization and flow of McDonalds argumentas he posses that the removal of trade barriers not only decreases the confidence in the state but also improves the interconnectedness between stateslends credence to his position. A rather important study, McDonalds research attempt deserves further study and attention from leaders in the field
While few can argue against the groundbreaking nature of McDonalds study, however, it would be a fallacy to claim that the scholarship is without blemish. Further research must be done to verify the direct correlation between free trade and peaceful relations. For instance, McDonald would have arrived at the same results if an indirect correlation existedif, perhaps, free trade led to an increased compatibility between foreign cultures or an increased amount of communications, which consequently resulted in a
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