Essays on Free Trade

Intellectual property refers to the works or inventions that are as a result of creativity, including a manuscript or a design, to which one has exclusive rights or for which one may apply for a patent, trademark or copyright. If a person or organization registers their original works such as inventions, ideas, innovations, writings and artistic performances among many others, with the relevant government and they own the exclusive rights for a particular period of time, this is referred to as intellectual property.

Intellectual property has become a major issue in recent rounds of international trade negotiations because of a number of factors. One, the costs ...

- Why research is important in identifying international markets

Research in identifying international markets is important as it enables the organization not only to design the right product, but also to employ the most effective marketing strategy for maximum returns.

- Research techniques and tools that can be used in international market research

- Use of a team from multicultural environment and sites is important in ensuring that the research object is understood in the different geographical regions

- Qualitative research techniques

- Videotaping of consumers who are in the process of purchase or consumption ...

Globalization entails the internal integration that arises due to exchange of ideas, products, worldviews, and other aspects of culture in a nation. The United States government has shown tremendous strengths, aiming at increasing the output and the productivity of the nation. The concern of the U.S government is on improving the free-trade environment between the United States and other countries (Bertho et al 76). Improving the free-trade environment will enhance the draining of jobs from the economy of the U.S, to other countries in which the workers command low remuneration. Globalization includes the flow of economic activity in two directions. ...

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In the recent decades the global power center has shifted from West to East and China has witnessed a tremendous rise, accelerating integration in East Asia region. Currently there are at least two significant integration processes there, among which regionalism remains the most visible and powerful (Szczudlik-Tatar, 2013).

Asian regionalism focuses mainly on economic cooperation between ASEAN members, which differ politically and economically. However, deep regional integration in East Asia may result in the establishment of a single market.

This writing analyzes the nature of Asia’s emerging regionalism, the relationship between Asian Regionalism and ...

Section A: The importance of international cooperation in the global economy

International cooperation has led to the creation of free trade zones among countries. This has been achieved through liberalization of economies by eliminating barriers to trade. It has opened doors for trading activities among countries freely promoting an orderly global economy (IMF, 2009). International cooperation has promoted tourism. This is because of the peaceful coexistence among nations .Tourists feel free to visit other nations. This has promoted the economic status of countries through the foreign earnings from tourism activities. It has promoted investment activities of countries. This ...

‘Fashion and quality at the best price’ is the motto on which H&M bases its business concept. H&M had humble beginnings over sixty years ago in Vasteras, Sweden. It is now a highly successful, contemporary fashion group with a global reach. H&M’s Annual Report for FY 2013 reported 3,132 department stores worldwide; H&M department stores are now in 53 countries.

Outward processing trade (OPT) agreements work well for many segments of the textile production and marketing sectors. OPT is better than free trade regulations for H&M when using production facilities in countries in closer proximity to ...

Summary of Case Study

This case study talks about H&M, a clothing retailer which is based in Sweden. H&M is believed to be the second largest clothing retailer in the world. It faces stiff competition from firms such as Uniqlo, Gap, Zara, and Top shop. All the garments are designed in Stockholm, sent for production in various offices and finally to the manufacturers. H&M designs both fast fashion and staple items. As such, it sourcing strategy is split into two that is, sourcing strategy for fashion lines that turn around very fast and sourcing strategy for items that are not very urgent. The ...

International business

Introduction

International business involves global businesses setting out to find new markets in other countries other than their own as a way to have competitive advantage over other businesses and gain more revenue and prosperity. Most companies have set out for this mission in an overall goal of globalization but some business gain more advantage than others (Boyd 2005, p.123). There are some reasons that lead companies to break boarders and establish their businesses in other countries. Some of these reasons include the need for expansion, reduce costs of production where in some countries business environments are conducive such ...

Summary of Crossing Borders: The Globalization Debate

In “Crossing Borders: The Globalization Debate,” the author provides an overview of what globalization is, the benefits of globalization, and the downside of globalization. Globalization refers to a phenomenon of national economic integration signified by the movement of experts, ideas, social customs and trade products across these national borders. Additionally, the conquest of relatively empty and fertile land, international trade, and technological as well as institutional innovations has sustained globalization. Reduced transportation costs as well as developments in ICT have boosted international trade.

The benefits of free trade form the basis of globalization. The competitive advantage accelerated by free trade ...

Introduction

A free trade area has been used to describe the regional market that eliminates most, if not all, trade barriers between the trading partners such as quotas, barriers, and preferences on the flow of the services and goods traded between the member countries (Plante, 2004). Nevertheless, in the free trade areas, members negotiate trade agreements separately with the countries that are not members of the free trade area. A customs union on the other hand, refers to the trade agreement where a group of countries charges a common set of tariffs and quotas to external countries. This refers to a higher level ...

Is Globalization a Peace Producer?

Globalization is defined as upspring of a global society in which political, cultural, economic, and environmental circumstances in one part of the globe have particular significance for people in other parts of the world. (Globalization; Salzman, 2008). The globalization refers to rapidly growing connections between nations, economies, and societies (Barbieri and Schneider, 1999:387). Several literatures or studies have evaluated globalization in the context of international politics and social security to ascertain whether it is a peace producer or not (Blanton and Apodaca, 2007).Of course, most of the literatures have different views on the subject matter. This paper examines globalization in ...

What are the underlying problems facing Fiat’s car division?

Fiat is an Italian company with its business once solely concentrated in Italy. After the post war period, Fiat with the help from Italian government became the number one automobile manufacturer in Italy. Fiat enjoyed that position for almost 50 years without any threat from other European players. However, decades of doing business with ease and with the help of Italian government had created operational, strategic and managerial inefficiencies within the company. For almost 5 decades even with its huge success in the Western European market, Fiat never thought of expanding beyond the region. Finally, by the time it ...

Generally agriculture is the backbone of our country’s economy. The economy almost solely depends on our agricultural products which earns us a considerable income after exportation. Our major export earner in the agricultural sector is cotton. Cotton farming is practiced largely across the country and the country’s economy is majorly supported by the growth of this cash crop. It is, therefore, ideal that we proceed with caution and discretion when dealing with matters that relate to the production and sale of our cotton lest we end up destroying our own economy. We have to critically examine and clearly ...

The United Nations (UN) was founded immediately after the Second World War in 1945. The international organization was initially established by 51 country committed to developing friendly relations among member states upholding international peace and security, promoting social progress, promoting human rights, and improving living standards. Due to UN’s unique international character and the power within its founding charter, this organization can take action on a variety of issues. The organization can also provide a forum for its expansive member states so that they can express their views, through the Security Council, the economic and social council, the UN’s ...

Introduction

Our company is U.S. based that holds a patent on the technology that offers affordable computerized sewing machines so that the consumers can feel an ease in stitching, designing and even in embroidery, and they become able to make different designs at home easily. Further, our company has decided to export the raw material used in manufacturing of sewing machines to Hungry, and license the patent rights to the factory that deal in manufacturing of sewing machines. Once, manufactured, we import the sewing machine back into the United States so that the domestic consumers can also be benefited from their ...

1. What does Appleby argue was different about global capitalism in the last quarter of the 19th century than the previous 300 years?

According to Appleby, capitalism is not just a result of actions, rather a result of a capitalist mentality. The author argues that even though capitalists existed 300 years back, the overall global attitude towards capitalism did not prevail. Focussing on England itself, she states that up to 300 years back, when capitalism was non-existent, up to 80 percent of the total population was engaged in agriculture. It was only after the innovations and new agriculture techniques came that there was seen a drastic fall in the agriculture labour. The surplus labour hence was absorbed in other manufacturing practices. The other difference that can ...

The Indian and Pakistani governments, rejecting world opinion to the contrary, continued the testing of nuclear weapons

Nuclear weapons are a big threat to international security. Often the weapons have been used as instruments of mass destruction, by countries bent on violation of the liberal international relations. India and Pakistan have continued to test nuclear weapons in disregard to the world opinion going, further, even enriching their nuclear heads. Neither India nor Pakistan, however, has been involved in nuclear war with any state in history. This is irrespective of the global phobia, over the prospects of abuse of these weapons by outside forces, particularly in global terrorist activities looking real. This leads us to the following hypotheses: ...

- Suleiman the magnificent:

Suleiman the Magnificent is a Muslim legendary sultan known to be the most successful ottoman ruler. He was the longest reigning sultan among the Ottoman Empire and lived to the age of 72 having reigned from 1520-1566. He steered the Empire to a great height when he extended it to cover up to the Balkans, Gates of Vienna and Hungary. He was viewed as a Muslim religious leader and a ruler for the Muslims in the territory where Islam was the only religion.

Suleiman the Magnificent was a shrewd leader who grew to be an iconic element to date. His relevance today is most ...

Introduction

Adam Smith is one of the most revered economists that influenced the development of modern economic thought. Adam Smith is famous for coining the term “the invisible hand of the market” which is the perfect metaphor for market movements driven by supply and demand. However what makes Adam Smith’s thinking unique is how it ties is yet contradicts the teachings of great thinkers ahead of him such Aristotle and Saint Thomas Aquinas on their ideas of wealth accumulation and self-motivation. He also thought similarly but contrasted with his contemporaries such as Bernard Mandeville.

Adam Smith was a Scottish ...

Globalization refers to the international integration process that arises from interchange of products, world views as well as ideas (Boudreaux, 2008). This element has been extremely significant in the definition of various issues that have arisen. It has been extremely significant in the development of various national policies that have been useful in definition of business among people in the world. One of the main policies that have been developed is Free Trade. This is a policy through which a government allows imports and exports for all countries without tariffs, subsidies as well as quotas. Free trade policy being extremely fundamental ...

Globalization in the 1990s was tremendously welcomed in the entire world. It is worth noting that various trade theories were used to elaborate on the benefits of market liberalization and free trade. However, by the end of 20th century, many voices of dissatisfaction began to rise from North America to Asia. This was a clear indication of the changing trends in the global economy, and how globalization was not influencing everyone positively. The current trends in globalization has been profound and brought about by sweeping technological changes, advances of globalization, as well as the emergence of powerful and new competitors ...

Business

Global Protection Practices Global protection practices vary from each country. Every country has its own reason why it has to implement practices that will protect their local traders, goods, or even jobs. Policies and practices, which governments implement, will also ensure their control over local and international trades, which are being imported and exported by their country.

EU (European Union)

European Union is using one of the common tools in protecting and controlling their trades. EU uses the Tariff on their imported goods. As an advantage, tariff will raise the imported price giving more opportunities for domestic producers to sell goods ...

The consequences for granting exemptions to U.S. federal labour laws to garment subcontractors operating on Saipan was that they could pay the workers a fraction of the minimum wage, work them harder in poor conditions and for longer hours. Following suicides at Apple’s main supplier in China, in 2010 Foxconn has been reported for labour law abuses such as child labour, forced overtime and unsafe working condition and violations of minimum wage laws, when in actual fact Apple’s profit has reached an amazing $13 Billion. This contrasting with Apple’s image as a forward thinking innovative company that produces ...

Discussion 1

Basing my argument on e-Activity trade agreement helps the U.S. economy. A trade agreement refers to a contractual consensus between two or more countries on the terms of trade that will exist between them. These agreements facilitate the formation of trade unions, and in most cases, tariffs taxes and trade pacts are loosened for all countries in the union. In the U.S, trade agreements will increase the flow of output because of low cost. In addition, the country will be exposed to a wide market subjected to low tariffs. Although the U.S will lose revenues because of low trade tariffs, it ...

1. How important is international trade to the U.S. economy? If the European euro were to increase in value (appreciate) in the foreign exchange market, would it be easier or harder for the French to sell their wine in the United States? Suppose you were planning a trip to Paris. How would appreciation of the euro change the dollar cost of your trip? .

International trade is important to United States’ economy. This is because just like any other country in the world, United States is deeply enmeshed in a global web of economic relationships that involves trading of goods and services. ...

David Ricardo argued that all factors held constant a country should specialize in production of goods it enjoys comparative advantage. Then it should engage in trade for import it has lower comparative advantage so as to enjoy the benefits from trade. The theory of international trade has for long been dominated by comparative advantage principle developed by David Ricardo based on labor law of values. Absolute difference in costs of production is the basis for trade but comparative advantage is the main reason according to Ricardo. Ricardo was one of the founding authors of the free international trade agendas through ...

Question 1

Maintaining a fixed exchange rate is critical in stabilizing the value of a currency against an anchor currency as it makes trade and investment easier and more predictable. Nonetheless, central banks face a number of problems in their attempts to maintain fixed exchange rate, two of which include balance of payment problems when attempting to maintain a weak currency and reduced risk perception while borrowing in foreign currency when attempting to maintain a strong currency. When maintaining a strong currency, a false perception arises that the foreign exchange rate may not change thereby leading to reduced risks perceptions when borrowing in foreign currency such as the case of ...

Globalization has many advantages. The consumers are able to get access to a variety of goods from various producers and at a cheaper price. This improves the standards of living of the consumers. In addition, inefficient producers are removed from the market and this ensures quality products that at low costs (Milward, 2003). Therefore efficient allocation of resources is encouraged. In addition, the relationship between countries improves as people from different countries trade. Globalization also enhances technological transfer and this facilitates faster development of the poor economies.

Globalization however has several disadvantages. The effects of globalization are not the same for ...

One of the most successful companies to set up business abroad is the famous shoe and sports apparel manufacturing and marketing company Nike. The Oregon-based company does business in 45 countries, employing nearly a million people, outsourcing products from more than 500 factories worldwide. The company reaps the benefits of this global strategy by the billions, with Nike’s revenues for 2010 reached US$ 19.014 billion and a net income of approximately $2 billion in the same year.

A company of this size and reach would not set up shop in one country in the same manner as it would in ...

The Ukraine government aims at strengthening the ties between the East and the West promote political stability and enhance better foreign relations. A report analyzing of the role of the government and political leaders was submitted to the Minister of Foreign affairs for effective action. Ukraine has failed to deliver according to the expectations of the citizens since there is a complaint and noticed demonstrations from the public. In this paper, I will provide insight to the political and security association of Ukraine to the European Union and give a detailed analysis of the Association Agreement between the both parties.Political and ...

Since the liberation in the 1990s, Columbia has offered national treatment for foreign investors. A wide range of controls and remittance of capital and profit was also improved and foreign investment was initiated in most sectors. Usually, foreign investment does not need prior authorization, except when developed in the restricted regions. Although investments involving sensitive sectors are subject to prior approval, foreign investors are treated as domestic investors. This indicates doing American car business in the Columbia will be a feasible investment. Therefore, I will evaluate the opportunities and challenges of investing the American cars in Columbia. The America ...

Milestone One:

Introduction The paper is focused on the difference between developed economies and developing economies. The focus is to look at the gross domestic products (GDP), export rates, and import rates of advanced economies with those from less developed economies. These are compared to see those factors that have resulted in the increasing gap between advanced economies and developing economies. These choices of data are chosen because they are very factual and explain the real world situation. Also, the datasets are useful in giving explanation to the continuous dependence of developing economies on advanced ones. International trade has ...

Integrated Marketing Communication: Easy Jet

Executive Summary UK airline industry is one of the most advanced in the global market with a number of the globally leading operators. The industry is highly competitive and marked by local and international airlines which accounts for the creation of more than 220,000 jobs. (BATA, 2014) However, the market is subject to several factors including technological advance, economic factors variation, social preferences and lifestyles changes, political factors, environmental regulations as well as legal requirements. Those factors set industry trends and determine the industry dynamics including increasing competition, operation’s efficiency and wider market reach as well as ...

Introduction

However, this industrial revolution led to a series of problems both social and economic. Among these problems was the fact that Britain had become the world’s most urbanized country. This meant that almost half of the population of Britain at this time was living in cities. This led to several social problems mainly in the areas of education, healthcare and housing. There were also several economic problems that would face Britain after 1870. The emergence of new industrial powers in Germany and U.S.A meant that Britain’s industrialization was facing a decline. The UK had for so long been referred ...

The relationship between Australia and the United States has been as a result of many factors that cannot be strictly tied to security matters. The associations between America and Australia have taken the shapes of social, economic political, cultural and to some extent, security matters. In essence, the Australian History better highlights these instances. In as far as the political schemes are concerned; the American government and the Australian governments have been working hand in hand in as far as leadership in the regions is faceted. In this case, history denotes that, American Presidents have been paying visits to ...

Introduction

The concept of globalization in today’s world is very wide. Globalization is defined as the process of an increased relationship between national economies through international trade, foreign direct investments by multinational firms, and international financial investments (Pugel, 2004). It therefore includes the broadening and speeding up of international interactions from economic, technology, cultural and political aspects of life. The World Bank defines inequality as the disparity of income and standard of living among nations and their citizens (Birdsall, 2005). Inequality refers to the differences that exist among various groups of people in the society and should not ...

Part 1: Background information

Honduras is approximately 1000 miles from Miami. It is located in the north- central part of Central America. It borders El Salvador, Guatemala and Nicaragua. Honduras is a mountainous country, with river valleys and coastal plains. It is a small country with an area of 48, 200 square miles. The capital city of Honduras is Tegucigalpa. The main language is Spanish. In 2012, statistics showed that the population of Honduras was 8,296,693. Honduras is a democratic constitutional republic. As of 2014, the president of Honduras is Juan Orlando Hernández and he won with a National Party ticket. Honduras has a constitution, ...

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Japan is a “land of the rising sun” and is full of mystery for strangers. That’s why in order to start beneficial trade with Japanese, a businessman should be prepared. First of all, let’s speak about trade regulation. On 25 March 2013, the EU and Japan officially launched the negotiations for a Free Trade Agreement. The Free Trade Agreement sets rules for international trade and investments, for example non-tariff barriers, tax exemptions and a national investment regime for foreign investments (Countries and regions: Japan. Trade picture). The singing of this agreement will simplify business process between two regions. This issue ...

(Name of Author) There has been a lot of controversy surrounding the balance of trade deficit in bilateral trade between the United States and the People’s Republic of China. Many American analysts, including Lou Dobbs, argue have increasingly argued that the trade between the USA and China only serves to benefit China more than the American people. There is consensus that there has been significant growth in trade between two countries. China is currently the third largest trading partner of the United States. China is also the 3rd largest destination for exports from the US. Figures for ...

In 1980, Theodore Isaac Rubin wrote the book entitled “Reconciliations: Inner Peace in an Age of Anxiety” that has an essay titled “Competition and Happiness.” He defined his ideas and beliefs on how competitions are limiting people’s ability to have happy and satisfying lives. Even though it is comprehended that competition does good to the participants, Theodore Rubin vividly posits that competition directs people to live unhappily. His views are one-sided and direct. Rubin strongly believes that competition not only reveals the worst in people, but also arouses jealousy, envy, and paranoia in people. He also shows that ...

Regional integration refers to a process of states entering into regional agreement in the bid to enhance regional cooperation following regional rules and institutions. Despite the merits that the process may possess, there are extensive disadvantages that go along with regional integration. This element of trade may become exclusively significant through combination with other factors that may enhance performance. Having proper understanding of free trade, various measures must be undertaken. Free trade is a major policy in international trade. Following the exclusive drawbacks of regional integration, free trade should not be allowed to take its natural course. One of the ...

GLOBALIZATION IN THE AGE OF AFRICAN EMPIRES

Rooted in the economic sense of the word, modern-day globalization referred to free trade and the free movement of goods and services across national boundaries sans the imposing burden of duties and taxes that inhibit the free exchange of goods and services in markets the world over. In its broadest economic sense, modern globalization was viewed to be the outcome of trade (especially import) liberalization, deregulation and privatization. Competitiveness of local products was supposed to be strengthened by protectionist economic policies, which proved detrimental to the interests of people because of complacency on the part of local industry to ...

Why are trade barriers so common in the global market? How have free trade policies been promoted by developed countries since 1950s? and How have free trade policies been promoted by states since 1950s. Trade barriers pertain to restriction and conditions of legal nature that would encourage proper means of trade. In turn discourage all other means of businesses and trades that are counterproductive and not in the spirit of the global businesses and market operations. Other purposes of trade barriers are to bring about uniformity in operations, provide for clear rules of engagement and standardized operations and ...

Summary of Main Issues Discussed within the Case Study

Further, the author talks about OPT contracts and how they have been beneficial to countries located within Europe. OPT contracts refer to agreements through which firms within the Euro Zone are protected from stiff competition from other regions such as China due to the production costs differential. One of the privileges they enjoy is the freedom to export temporarily. One of the countries that have gained from OPT agreements is Romania, which is one of the poorest countries in Western Europe. This is because OPT agreements led to a significant increase in the orders made from Europe. This in turn ...

The Customs Union of Russia, Belarus, Kazakhstan

THE CUSTOMS UNION OF RUSSIA, BELARUS, KAZAKHSTAN 2 The Customs Union of Russia, Belarus, Kazakhstan I will consider the advantages and disadvantages of the Customs Union of Russia, Belarus, Kazakhstan in the table.

THE CUSTOMS UNION OF RUSSIA, BELARUS, KAZAKHSTAN 3

The Customs Union of Russia, Belarus, Kazakhstan The main feature of the current global economy is the creation of different regional economic formations. Since the early 1990s, Russia has initiated several integration projects in the region. The Customs Union is one of them. The Customs Union of Russia, Belarus, and Kazakhstan became reality on the 1st of January, 2010. A customs union is a ...

Global and regional free trade

H &M ranks as the second largest in terms of world retailers. It is located at Stockholm in Sweden. Its main competitor in this industry is Zara, Top Shop and Gap among others. It is one of the firms that are categorized as the first component of “fast fashion”. H&M holds the primary objective of producing fast in a way that is cost efficient. This favors a vertical integration model of design. This is by producing, delivery and making sales in time. The reason that makes it apply this model is for it to enjoy the large market share in the ...

Introduction

The report is a discussion on Egypt’s current political influences on my business of exporting gypsum boards from Canada to Egypt. As can be learnt from Central Intelligence Agency website, Egypt has a republican form of Government that is guided through a new constitution affirmed most recently through a nation-wide referendum. The interim head of the Republic is currently President Adly MANSOUR following the Republic’s military ousting of Mohammed MURSI from the presidential helm in the mid of July 2013. On the same note, Prime Minister Hazem el-BEBLAWI holds the interim Government leadership position as the next elections schedule falls on ...

Trade Barriers and Policies

Trade Barriers and Policies Trade policies are set of rules and regulations that concern trade in every country. Each nation has their own policy when it comes to trade in which the country’s public officials are the ones who formulate such policies that they think to be the most appropriate for their nation. The purpose of these policies is to ensure that the country’s international trade will run smoothly through setting both clear goals and standards. In various regions, many groups of nations are working together so as to create a mutually beneficial rules and regulations. However, ...

Detroit was once the richest city in the entire United States. With an already established automobile manufacturing industry, Detroit after the Second World War experienced its highest levels of prosperity. However, Detroit today is a mere shadow of this prosperous and progressive city. Detroit’s vast rows of empty houses, dilapidated structures, abandoned factories, and decaying warehouses show how much of Detroit is left. Moreland (2013) claims that the continuing decline of Detroit’s local economy is due largely to the effect of the US joining the North American Free Trade Agreement or NAFTA . He states that the continuous ...

Diablo III is an action role-playing game (ARPG) taking place in a fantasy-based, Dungeons and Dragons-esque universe. Players will choose one class from barbarian, demon hunter, monk, witch doctor, or wizard. All heroes are well balanced; for example, barbarian and monk classes have a benefit in survival in the game beginning, but they have a low damage per second with the same levels and equipment compared with demon hunter and wizard. Demon hunter and wizard have high damage per second (DPS) but they are easily killed. Players can have fun from challenging, fantasy, discovery and a little bit narrative. The goal of ...

The Evolution of New Global Economy: Who won and Who lost?

The video discusses about how globalization gave birth to new global economy where every day a lot of people gets better off. However, globalization does not offer only benefits, but also some painful truth associated with it i.e, Economic Crisis. It all started during 1980’s when such a market was established where everyone had its stake but no one had its control. The global economy saw huge capital flows, intense competition, etc. However, by the beginning of 1990’s US Economy started experiencing the ill effects of Globalization. By the end of 1992, courtesy global competition, US Government was under $ ...

In the state of union address, Obama talked about investment, intellectual property and the protection of the environment. On investments, President Obama indicated that new trade business partnerships with Europe and Asia-Pacific would help the small businesses in creating more jobs. On intellectual property, Obama acknowledged the fact that China and Europe have taken massive steps in global innovation relating to intellectual property (The White House). With the use of federal funded research, there have been increases in ideas and inventions in Smartphone. Obama also noted that there is need for Congress to increase budgets for research to ...

Summary

The worldwide bestselling book by Thomas L. Friedman “The Word is Flat. A Brief History of the Twenty-First Century” examines globalization in the start of the 21st century. In the entire book, Friedman assists the reader to perceive the globe as a level playing stage, whereby traditional issues of geographical, as well as historical divisions, are becoming inappropriate, and all the competitors have an equal chance. In his book, Friedman depicts the way globalization has broken the boundaries of countries and is transforming the globe into an interconnected, flat world. The author looks at influences that shape businesses and competition ...

International (Free) Trade

International (Free) Trade Free trade or international free trade is one of the most effective ways of making economies stronger. It is in a view that when the governments lift the barriers from the trade, the circulation of funds in the market increases and gives benefit to the citizens. Free trade creates jobs in many different ways and its impact on the domestic job creation policies. For example, a few decades back there were no labor force in the Middle East countries such as UAE and Saudi Arabia. The free trade policy from the governments of these countries creates a lot ...

Introduction

Historically, Guatemala has been a well known producer and exporter of high quality coffee. In recent years, however, stiff competition from other coffee producing nations such as Brazil and Vietnam has driven global prices low. This means that it has become increasingly unprofitable to produce coffee in Guatemala. Despite the ample land and human resources available in the country, farmers have been forced to stop production since they can no longer pay workers from proceeds. For the most part of the country, this has led to poverty and under-development. Incredibly, however, some farmers have vowed to fight on, forming cooperatives ...

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International Business Expansion

Expanding into international markets for businesses has its own set of challenges that are multi-dimensional in nature. Some of the internal challenges include the ability to understand the culture in the target country and being able to extend the corporate culture and values into that society. Other important aspects include being able to understand the political and economic systems in the target country. This paper outlines the political and economic ...

- Domestic and international economic indicators of Mexico.

Mexico is now the 5th largest emerging market behind China, Brazil, Russia and

India. With the continuous economic reforms of the national government during the early 1990s up to the present, Mexico’s economy remains bullish despite the effects of domestic economic crisis of 1994 and the global financial crisis in 2008. The adoption of the Import Substitution Industrialization (ISI) between the periods 1930-1970 paved the way for the strengthening of local industries. It was further reinforced by the nationalization of oil and railroad companies, the free land distribution under the concept of Ejido and the upgrading of the infrastructure. This period was dubbed ...

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Marx’s Economic Analysis Theory of Surplus Value Marx’s theory of surplus value proposed that the surplus product (surplus value) remains in the whole social product (net national income) after the production classes (workers) received their compensation (wages) (Mendel n. p.). According to Marx in his theory of classes, it is the ruling class (capitalists and politicians) who appropriates the surplus value that can be found in three different forms: (a) unpaid surplus labor (slave mode of production); (b) goods directly used (product of surplus labor), and; (c) cash.

Fetishism of the Commodity

Created for commodity ...

INTERNATIONAL ECONOMIC ANALYSIS

- Trade history of Saudi Arabia: The coastal people of Saudi Arabia have been well positioned from the trade due to the benefit of Arabian Peninsula. KSA is an old route of the caravan trade that connects the Mediterranean world with south Asia, Arabia, and East Asia (Encyclopedia Britannica). The trade in Saudi Arabia was generated by pilgrims that came to Medina and Makah. In 1938, with the discovery of oil country started trading with other and after World War 2 through the exports of oil reserves country was able to have higher funds (Saudi Embassy, 1-7). ...

Did the Rich World Become Rich Using Colonization and Exploitation of the Poor: A Critical Assessment of Theory and Empirical Evidence

Introduction

The rich world tries to forget that the causes of underdevelopment and poverty were slavery, colonization, brutal exploitation and plunder, which for centuries were subjected to different countries. The poverty from which people suffer is associated with the imaginary inability of Africans, Asians, Latin Americans and Caribbean, i.e., blacks, Indians, yellows and mestizos, develop, and even manage their own countries The current economic order, imposed by rich countries, is not only cruel unjust, inhuman, contrary to the inevitable ...