Essays on Imports

Romania is the forty-sixth largest economy globally and ranked thirty-eighth in the most complex economy category based on the ECI (economic complexity index). The country has however faced a perpetual trade deficit (Steers, 456-461). Total exports into the country in 2009, for instance, amounted to $49.41 billion whereas the imports were $76.2 billion. In 2014 also, according to the ECI, Romania had an export of $71.4billion compared to $75.6 billion imports. In as much as an increase in trade is observable, the country is plagued by a perpetual trade deficit (Goschin, 24-37). To turn this scenario around and improve ...

Benin imports are more than it exports. The country should devise ways of increasing its exports and avoid excessive reliance on imports. The majority of its industries are young, and countries export a lot of unprocessed raw materials. The young industries cannot produce goods at low cost and compete with large firms of industrializing countries in the international market. Besides, unprocessed goods are sold at a relatively low price (International trade centre 1). The government should be more involved in the trade to ensure value addition to its exports. The government should start industries that process cotton and other ...

Guinea Bissau is one of the world’s smallest economies (World Bank). This is largely due to political and economic instabilities that have affected the country’s development. Despite these challenges, the economy has shown growth over the years with a gross domestic product growth at the rate of 4.9% (World Bank). According to the Africa Development Bank, Guinea Bissau’s imports grew to 377 million dollars in 2016 while exports were at 244 million dollars, leading to – 153 million dollars in trade revenue (Africa Development Bank). 32% of Guinea Bissau’s export is in gold, followed by crude ...

Introduction

Benin is a country found in the West African region. It borders Togo to the East and Nigeria to the West. Trade in Benin is dated back to 15th century when the Europeans involved in slave trade. The Europeans imported slaves from other African countries into Benin. However, sources argue that Benin prohibited the exportation of male slaves to prevent its population from depletion. Their main exports were Palm oil, ivory, cloth, and pepper. This paper discusses trade in Benin, its imports and exports and the changes witnessed in the last 30 years.

Benin remains a significant business hub ...

According to Berger (1977), editorials are articles written to reflect the opinions of the newspaper and the majority stakeholders of the newspaper. Rocco & Hatcher (2011), therefore, provided the guidelines for this essay.

Editorial for The Voice of Enterprise: What the Critics Won’t Tell You

We at The Voice of enterprise support the government’s pipeline project that will not only go a long way in meeting the country’s petroleum needs but also generate additional revenue through export of the surplus oil and natural gasses. The government is proposing to construct a 2000 km crude oil pipeline that will traverse from the mines in the remote frontier through the largely uninhabited ...

The trade and investment relationship between Australia and China demolishes the theory of comparative advantage. According to Adam Smith and Ricardo, it makes sense for a country to focus on the production of goods and services it can do efficiently and purchase goods and services it produces less efficiently from other countries. When this theory is applied to the trade relationship between Australia, a rich country and China, a poor country, we arrive at a paradoxical outcome. The introduction of a free trade regime resulting in Australia-China trading relationship implies that Australian consumers will pay lower prices for imported ...

(Tutor’s Name) (Assignment)

Introduction US has been the center of the global economy for the past several decades, and hence decisions taken by the U.S government can have significant impact on the rest of the world. In the same manner, the monetary policies formed by the Federal Reserve (FED) – the central bank of the United States –influence the economic policies of other countries worldwide. Therefore, central banks worldwide are closely monitoring the moves of the FED so as to make timely adjustments to their economic and monetary policies. The U.S economy was severely hit by the global financial ...

Question one: What happens when current k increases in closed economy?

In the circular nature of ubiquitous flow of goods and services, via the money market in a closed system, household consumption activities are at the heart of activities. Even when government plays a role in public goods, taxes, and borrowing one simple model of a closed system reflects the domestic economy as consisting of “the product market and money market” (“Macroeconomics Policies in an Open Economy,” 2017). This is illustrated below in ‘The Circular Flow’ [Note: Reprinted from the aforementioned source, 3.A General Model of the Closed Economy]. However, since the real interest rate in a closed economy would ...

The current Russian-Ukrainian war is the largest armed conflict in Europe since World War II. The front line where active fighting is taking place is over 1000 miles, and general losses amount to hundreds of thousands. No wonder the war between one of the world’s largest fossil fuel providers (Russia) and one of the world’s leading agriculture countries (Ukraine) has had global impacts in multiple economic areas. If you need to develop a Ukraine vs Russia war essay regarding this topic, the example paper below will make a great starting point for your research. In case you, for some ...

Precision Metal Machining Inc. is a veteran owned company that operates in the machining industry, which is part of the manufacturing process of many metals and other composites. The company is ITAR certified, which is important considering the company deals in imports and exports. The company offers CNC machining, Swiss machining, and electrical discharge machining services to its customers. PMMI enjoys a competitive advantage over other machining companies as a result, as most of the industry’s market share is composed of smaller companies. PMMI overall faces numerous internal and external strengths and opportunities while they have minimum weaknesses ...

How the President’s Stimulus Plan for High-Speed Rail (HSR) will not work

The president’s HSR plan will spend billions to offer a rail service to a small percentage of the travelers. Importantly, the federal cannot afford this extravagant program, and it will cost taxpayers a lot of money. Thus, the plan will not work as previously expected. The federal has a large budget deficit of about 1.4 trillion (Utt, 2011). Thus, a massive expenditure on the HRS will heighten the deficit more. American citizens have realize that the plan will cost more compared to the perceived benefits. Although there seems to be small opposition on the HRS, it is clear ...

Introduction

Exports can be seen as a mechanism for economic growth of a country. Increased exportation of products can provide output growth directly as part of aggregate output. An increase of foreign demand of products can result in a country’s growth through employment and additional income for exporters. Another significant contribution of exports is that it can impact economic growth by way of “efficient resource allocation,” including more economies of scale and technological change as a result of “foreign market competition” (Helpman & Krugman, 198; Ben-David & Loewy, 1998 as cited in Awokuse, 2008, p. 593). One of the drivers for ...

Introduction

In essence, countries relate in order to meet the needs of their people in terms of resources, economy and political influence. Since the political independence of most countries, the governments interacted to seek support and such resources as energy. In this regard, each country had it form of civilization and growth depending on the time when governments stabilized. This research evaluates the relations between the USA and Canada in the global economy as key entities in the North America.

Relations between USA and Canada in global Economy

Policy and Complaints The relations between political economy of Canada and the United States have become continuously straining than the ...

The primary objective for the formation of the European Economic Community (ECC) was to create a common market to enhance the achievement of a trading advantage over other Atlantic states. The member states hoped that the move would spur growth by promoting marketing scale and capitalizing on specialization among the member states. However, the ECC faced many technicalities when creating a common market due to lack of strategic decision-making structures and protectionist attitude adopted by members. It was especially difficult to remove barriers and enforce common trade regulation. For a common market to have some effect, freedom of capital, ...

U.S. Trade Deficit The US has been running the significant trade deficit over the last four decades. As a result, the country is the biggest debtor in the world with almost $3 trillion net debt. Obviously, this situation raises concerns among many researchers and policymakers, as they suggest that the long-run trade and current account deficits might make devastating effect on the growth performance. Actually, the issue is quite controversial and debatable: for example, other researches claim, that trade deficit is merely the result of the effective re-allocation of resources in the global economy and there is no consequences, ...

[First Name Last Name]

The selected MNE that has invested in Mexico is Samsung. Samsung is a multinational organization based out of Samsung Town, Seoul - South Korea. Samsung first capitalized in United States in 1980s, when the firm was devotedly investing in research and development capacities as this was pivotal to push the business to the forefront of global business industry. As of 2012, the company invested over $ US31 billion at its semiconductor profiting facility in Austin – Texas. One of the advantage that Samsung was seeking in investing in the United States was to get access to latest ...

Money and prices in the long run and open economies dictate the financial market. As such, that is why factors such as domestic variables and foreign monetary policies are over-emphasized. Demand for money is thus affected by the domestic variables, which include interest rates, price expectations, and permanent income, among others. As such, this paper explores the financial market to reveal the viable strategies the US can adapt to secure reliable money and prices in an open economy on a long-term basis.

The state of US Financial Market

Over the years, the economy of the US has been in good shape, especially when compared to ...

Introduction

Brazil is one of the fascinating developing economies, which economic and social progress over the period of 2003-2014 lifted over 29 million people from extreme poverty. Based on the World Bank (2015) statistics, the inequality rate in the country fell by 11% with the income level of the poorest 40% of the population rose by as much as 7.1% over the same period. At the same time, global financial crisis and political instability in the country over the past few years have had its negative impact on the economy as a whole, reflecting stagnation in inequality reduction and deterioration ...

The Ford Company was relatively new in the Automobile sector in the Chinese economy at the time of its incorporation in the country in the year 1995. With the growing market in automobiles, luxury and otherwise, the Company has successfully been able to occupy its share in the market, and the said share continues to grow as the automobile market grows in a size bigger than it already is. Unfortunately, the future for the company could take either of two directions where only one is for the better. The more pessimistic possibility arises in the face of the territorial ...

Influence of the Organization of the Petroleum Exporting Countries (OPEC) 2

Economic growth of countries outside the Organization for Economic Co-operation and Development 4 Bric: Brazil, Russia, India and China 5 Trade between non-OECD countries 5 Climate Change Policy 7 The greenhouse effect 7 Strengthening the greenhouse effect 8 Global climate change 8 Oil reserves in the world 10 Influence of the Organization of the Petroleum Exporting Countries (OPEC) OPEC long ago lost its hegemony in the world oil market but remains a major influence on prices against the formidable challenge of US oil shale. OPEC decided she decides to continue producing in abundance not to give more ground to ...

Executive Summary

Fossil fuels are the predominant source of energy for industrial and transportation consumption. It is however expected that in a few more decades, fossil fuels will have lesser role to play than non-conventional oil and gas sources and renewable energy sources. This paper presents an overview of some of the socioeconomic factors that are driving the global oil industry and their implications for the UK industry. Four key influences are studied to understand the implications for the industry in terms of economic and environmental factors. The steady influence of OPEC is a significant factor in the pricing of crude ...

Assignment Three

Introduction The Australian Customs and Border Protection (ACBP) is a government agency tasked not only with the protection of the geographical borders of the country, but also with ensuring that all goods and items entering the country are not in violation of any customs codes as well. In the previous assignment, the organization recently underwent improvements in knowledge management to include information technology upgrades, but that the full integration and migration to the overall knowledge management system is hampered by problems in organization and skills development. It is this aspect that will be carefully investigated by this assignment, with ...

Trading partners

Mexico ranks position twelve among the largest export economies worldwide. 2014 trade statistics shows that Mexico exported about U.S. $400 billion and made imports worth U.S. $379 billion. The country recorded a Gross Domestic Product (GDP) values at U.S. $1.29 trillion and a GDP per capital of about $17,000. Moreover, the Mexican economy records an Economic Complexity Index of 1.23. The ability of the country to make many exports to different trading partners increases its global exports shares due to its larger size in the global market. The ability of Mexico to make large number of exports shows ...

Uiversity

Economic Outlook Economic Outlook provides detailed conjecture on progress, swelling, and equalization of finances, instalment parities, corporate revenue and a vast cluster of sectored markers. It provides expository viewpoint through clarification of the made forecast. This forecast helps companies like Apple in planning their goals as per economic megatrends. This economic outlook is apparently sponsored by vast crypt of confirmable and constantly overhauled prices of information. The accessibility of this database is to all administrative endorsers. The Government provides huge data on organizations and the associated diagrams. Additionally, there is provision of varied individual report pictures.

GDP changes and variations

The guardian of ...

Introduction

There has been an influx of cheap imports in the United States as well as in the West. In the article by Fischer, "Why Buying Cheap Imported Products Is More Expensive For Individuals And Not Just Society", the author strongly advocates for local products putting forward the disadvantages that come about from importing cheap products into the country. Fisher begins by talking about the high rate of unemployment caused by the influx of cheap imports. Ferrier in her article, "This Is What Happens When You Order Ridiculously Cheap Clothing From Singapore - Suburban Turmoil" demonstrates the loss she encounters ...

Introduction

The distinction between how the West and the East control their local affairs, and how they organize their institutions is enormous. In a normal context, though, even two states in similar vicinity exhibit major differences in individual economic policies, religious inclination, and political systems. Notwithstanding that, it is important to appreciate the similarities and dissimilarities that manifest due to the location in certain regions. The case of Saudi Arabia and France is a good one to understand how regional influences affect, the systems of government, political institutions, faith and economic policies of a state. For instance, the Saudi Arabia ...

Saudi Arabia, being the largest Arab nation both in physical size and the size of the economy, was ranked as the 15th largest exporter and the 20th largest importer in the world in 2014. The country is ranked high in the foreign trade market because of its great participation in the global market. Shoult (2006) argues that, being the largest economy in the region, Saudi Arabia plays a crucial role in the Arab world economy, accounting to more than 25% of Middle East’s G.D.P (Gross Domestic Product). The nation’s strong economy and a rapid economic growth rate ...

Report for McDonalds

Italy and Russia

Figure 1: GDP per Capita at Constant Prices Figure 2: GDP Growth (Annual %) Figure 3: Inflation Rate CPI Figure 4: Unemployment Rates Figure 5: Policy Interest Rate (%) Figure 6: Russia Interest Rate (%) Figure 7: Current Account Balance in Italy (% of GDP) Figure 8: Current Account Balance in Russia (% of GDP) Figure 9: Russia Interest Rate

List of Tables

BUSINESS OVERVIEW McDonald’s Corporation is the world's largest chain of hamburger fast food restaurants, serving around 68 million customers daily in 119 countries across 36,538 outlets. Founded in 1955 by Ray Kroc in Des Plaines, Illinois, 80% of the ...

Exports and Imports

When it comes to exports and imports, Chile ranks highly as one of the best countries in the international market trade. Chile has several trade agreements with big countries such as the USA, Canada, and others in the European Union. Chile’s ability to perform well in the international trade is favored by its ranking as one of the least corrupt countries in South America. Chile main export products include fruits, pulp, copper, paper fish, wine and chemicals (Morrison, 200). Most of these goods are exported to the United States of America. Additionally, exports to China, especially for copper, ...

Executive Summary

This section looks into the inception of Disney Store in South Korea, which is the country of interest. Disney Store is a retail outlet that specializes in sales of merchandise that are unique to Disney. Disney Store traces its roots back in 1987, in Glendale, California. A country analysis of South Korea was done with detailed information being noted as far as population, GDP, per capita income, aesthetics, political system, legal system and the living conditions in the country just to name a few of the areas tackled. This was followed by an economic analysis of South Korea where ...

Pros of Ethiopia As An Investment Opportunity

The Ethiopian economy is essentially centered on agriculture, which actually account for more than 85% of Ethiopia’s total employment and 46% of its GDP. Similarly, the country has shown an impressive economic growth from the past few years. Ethiopia is one of the largest landlocked countries in sub-Saharan Africa and it is increasingly becoming a central point for the foreign investors seeking forthcoming investment opportunities in that particular region. According to IMF, Ethiopia is one of the firmest growing economies with approximately an average growth rate of 8.2%. The economy brightly expected to grow further. It grew 9.6% ...

Executive Summary

An in-depth analysis of the New Zealand’s auto industry reflects that establishment of an auto parts business focusing on the import and supply of all parts of Japanese made cars will be successful in the country. New Zealand greatly relies on used car imports from Japan to meet the local need for higher ownership levels. The planned venture will be located in Auckland, New Zealand. It proposes to import auto parts of Toyota and Nissan in the initial phase of market positioning. In the entry phase, the organization will particularly try to meet the needs of Toyota and ...

Importance of Entrepreneurial Activity to the UK Economy

Assignments 2 Introduction The constant growth and evolution of economic relations, both between countries and between entrepreneurs within a country, are requirements for the creation of new business forms. Entrepreneurship is an important, but not a sufficient factor in economic and social developments of countries (Waschik, Fisher and Prentice, 2010). However, if left uncontrolled by the state, entrepreneurship can become just as harmful as the administrative-command system in an economy. Entrepreneurship is essential for the development of a competitive economic environment; in order to give the final consumers the freedom of choice, but does not content with goods offered ...

McDonalds has come to create a network in both Italy and Russia. Italy seems to have better balance of payment and government balance indices, interest rate, trade policy instruments and not needing to lose over currency rates while dealing with Eurozone importers, and even unemployment and GDP growth rates. However, unemployment and the lack of growth indicating poor economic performance and social welfare situation may advantage the brand in Russia through better low-cost labor availability and consumer reorientation on less expensive restaurant offerings. Overall, neither of the country is the ideal market for the brand, yet both have their ...

Bangladesh is among the world’s most populous nations, but most of its population is poor. Formerly East Pakistan, Bangladesh gained independence in 1971 after the war with West Pakistan. The size of the country whose capital is Dhaka is 143,998 square meters with a population of 161 million people. The main language for the Bangladesh people is Bengali with the major religions being Islam and Hinduism. Life expectancy is 69 years and 70 years for men and women respectively. The population growth rate is estimated at 1.2 % with infant mortality rate of 45/1000. The city of Dhaka ...

Abstract

Do the imbalances in current accounts still matter in today’s deep global financial markets that exhibit two-way gross economic flows that dwarf the new outcomes provided by current accounts? Contrasting the adult perception of the world and complete markets, extreme current account imbalances indicate severe financial and macroeconomic stresses, particularly as was the case in the mid-2000s. The increasingly massive valuation differences in nations’ net global investment standards and positions, as well as risk allocations, cannot be relied upon to offset the variations in regional wealth systematically as implied in the current accounts. The same conditions that warrant ...

Importance of Entrepreneurial Activity to the UK Economy

Introduction Constantly growing and developing economic relations, both between countries and between participants within a country, are prerequisites for the creation of new forms of business. Entrepreneurship is an important, but not the only factor in economic and social development of many countries (Waschik, Fisher and Prentice, 2010). However, uncontrolled, no adjustable (wild) business (without the supervision of the state) is just as harmful as the administrative-command system. Entrepreneurship is essential for the development of a competitive environment, in order the final consumer of products has the right to choose, but does not content with goods offered to him/her ...

International Business and Global Logistics

International Business and Global Logistics

Introduction

Undeniably, the main objective of any business organization is to grow in terms of profitability and market. The high market competition that most organizations face tends to impede the realization of their objectives. Thus, companies adopt different strategies to aid their survival in the markets. Pricing and marketing strategies are the major approaches that most companies use to gain a competitive advantage over their rivals (Dessler & Phillips, 2007). Multinational companies face competition both at domestic and the world markets. Thus, they consider implementing various strategies to enhance their market positions. Besides pricing and marketing ...

Essay one (China’s financial system)

Introduction and Thesis Statement The restoration of an economy from a depression requires a careful adoption of strategies. Various measures that governments use to promote the growth of key sectors as wells the entire economy have severe outcomes which must be considered before they are put in practice. Fundamentally, governments implement different fiscal and monetary strategies to solve economic problems, which may be successful or not. Thus, the analysis of the strategy to be deployed becomes essential to achieve the desired objectives. The financial sector in an economy is of central importance. As such, public policies that impact on ...

On May 4, 2016, the New York Times printed an article by Paul Krugman in which he posited his opinion on Real Exchange Rates and European Adjustment. The author pondered initially what the correlation between real exchange rates and trade adjustment would look like. His question arises from common criticism he hears, that devaluation of the local currency either has not worked or is not needed. Krugman then shows a graph (see Appendix) which clearly displays that Ireland, Greece, Portugal and Spain (countries that have experienced currency devaluation) have experienced a higher change in the current account than European ...

This section provides an analysis of the Mexico's socio-cultural factors, such as age distribution and demographics as well as the recent technological trends, which will include the recent changes in mobile and information technologies. In conclusion, recommendations of the most appropriate strategies, such as the global logistics strategies necessary for Aldi to successfully expand into Mexico successfully will be provided.

Socio-Cultural Factors in Mexico’s Retail Industry

In a PESTLE analysis, the sociocultural dimension of an industry is comprised of values, lifestyles and customs, which characterize the society in which a company operates. In any market, socio-cultural components of the environment have a significant influence on ...

Abstract

This paper analyzes the impact of foreign financial assistance on Haiti, the various types of rehabilitation programs undertaken using foreign aid, and the role of the government in developing healthcare facilities by analyzing a wide variety of source materials. In the absence of foreign aid, Haiti would have been worse off because of weak institutional structures and inadequate delivery mechanisms. Haiti is in the lowest quartile for all the wrong reasons—extreme poverty, poor health and sanitation, high unemployment, and collapse of institutional mechanisms. Haiti ranks 163 among 188 countries in terms of human development with 20 percent of ...

More than 95% of the imports of U.S arrive by ship. According to the information provided by the U.S department of transportation, global foreign trade has increased by 35%. To accommodate the increased volume of goods, shipbuilders are making larger ship. To accommodate such large ship, Panama City decided to expand the Panama Canal port. The Panama Canal connects the Caribbean Sea to the Pacific Ocean. This canal is the main source of income for the Republic of Panama. The port faces competition from U.S ports and Suez Canal Port. The ports along the eastern cost of U.S are ...

In developing countries, credit restrains and the high poverty levels contribute to incidences of child labor. Statistics indicate that nearly 100 to 200 million people, worldwide, under the age of 15 years are engaged in employment opportunities. Natural reactions are drawn towards the eliminations of this child labor practice; key being the need to ban the phenomenon as well as ban imported products out of child labor. It is important, however, to understand the economic factors that lead to the existence of child labor. Despite the returns of education being higher than the returns of engaging in employment, parents ...

Is Wal-Mart Good for America?

1-How has Wal-Mart changed the power relationship between retailers and manufacturers? Give examples from the documentary. Wal-Mart has had an enormous impact on American producers. In the film Is Wal-Mart Good for America, narrator talks about “the revolution” in the relationship between retailers and manufacturers that took place in the USA when Wal-Mart decided to cooperate with foreign suppliers. In the past manufacturers determined what to produce and at what price to sell their products. However, Wal-Mart that heavily relies on the economies of scale was able to overcome the old “push-production” system and now successfully dictates suppliers and ...

China

1. COUNTRY

We have chosen China as a country for analysis

2. RECOMMENDATION We have decided to convert US dollar to Chinese yuan on May 24, 2016. The total cost in dollars according to this option is calculated further in question 9. 3. CHINESE ECONOMY OVERVIEW China’s role in the international arena has been growing in the recent years. Apart from being the most populous country with over 1.3 billion people and one of the largest countries in the world by territory, it has been experiencing substantial economic development in the past decades (Naughton 3). China is the second largest economy in the world after the USA. ...

INTRODUCTION

Mongolia is located to the north of China and is said to host 10% of the world’s known coal reserves which is estimated to be equivalent to 162 billion tons. Coal export accounts for the largest chunk of total Mongolian gross domestic product (GDP) at roughly 22%. This is equal to approximately 80% of the county’s exports (Voroshilov 34). In the country, production and exportation of coal, specifically coking coal, is primarily undertaken by the Mongolian Mining Company (MMC). Coking coal refers to a type of coal that is absolutely essential to the process of steel production. ...

Visualize a particular time when you needed to acquire a new mobile phone. The processes of deciding on a particular model are usually complicated and thus as a prospective buyer, you may have opted to acquire one of the most popular brand. Another method of simplifying that decision would have been going for the brand that worked well for you in the past and opt for the newer improved version of the same. In other cases, a recommendation from a friend or just copying what your peers are using may have influenced your decision to go for a particular ...

Oil is one of the rare mineral commodities that sustain livelihoods, transportation and industrial processes across the world as one of the major sources of global energy. It is mainly produced by countries located astride ocean floors and also desserts, mostly Arab states in Africa, Asia, and some parts of Europe and Americas. In its crude form as a naturally occurring substance, it is found embedded in particular rocks on beneath the earth’s crust. It is from these crude oil that more refined petroleum products such as gas oil, naphtha, gasoline, kerosene, liquefied petroleum gas and petrol are ...

Openness and free trade are one of the vital economic practices because nations can import and export products and services without the government restrictions. These limitations include tariffs, restrictions, and bans associated with exports and imports. In developing countries there stand to befit a lot from the free trade because of their low levels in the standard of living and availability of resources. Developing nations have room for expansion in their economies through agreements involving strategic free trades. These are some of the benefits of free trade. Improved living standards: as a result of free trade, the citizens of ...

Problem

In 2008, Japan tried to re-establish diplomatic relations with North Korea. Diplomatic relations had not existed between the two countries since the Korean Peninsula. Japan promised to provide North Korea with economic and financial instruments to boost its economy while North Korea agreed to investigate the case of the abduction of Japanese citizens by the North Korean government in the 1970s and 1980s (Smith, 2013). Japan also made a commitment that in the event that North Korea fulfilled its part of the negotiated promises, it was going to lift economic sanctions that were imposed in 2006. Despite sitting at ...

Macroeconomics: The State of U.S. Trade Policies and the GDP

Introduction

According to a report published in the Washington Post said" 20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike. In the U.S. and Europe consumers have their pick of inexpensive items made by people thousands of miles away whose pay was much lower than theirs. And in time trade barriers would drop to support even more multinationals expansion and economic gains while geo political cooperation would flourish"( Collins,2015). This statement clearly implies that globalization is beneficial for ...

BUSINESS ENVIRONMENT IN UK, SOUTH AFRICA, AND MEXICO

Business environment in UK, South Africa, and Mexico Introduction The purpose of this report is to analyze the business environment in South Africa and Mexico to help Gem Leathers Limited in establishing a joint venture. Also, the report will examine the issues of trademarks, trade secrets and patents in the U.K, Mexico, and South Africa.

Financial incentives Mexico offers numerous incentives in various sectors with an aim of creating employment, improving infrastructure, enhancing productivity, and boosting exports. The Maquiladora is the most significant incentive that is offered to foreign companies in Mexico. The benefits of Maquiladora incentive include duty-free ...

INDICATORS:

Income level: High Income Population: 35.54 million (“Data” 2014) GDP at market prices (Current US$): $1.785 trillion (“Data” 2014).

GDP per capita (current US$):

$50,230.8 (“Data” 2014). GDP growth (annual %): 2.44 (“Data” 2014). FDI Inflows: $59.6 billion in 2014 (“Trade Policy Review” 5). FDI Outflows: $58.2 billion in 2014 (“Trade Policy Review” 5).

Balance of Payment:

Current account balance (BoP, current US $): (-) $ 37.47 billion (“Data” 2014). Current account balance (% of GDP): (-)2.1% (“Data” 2014). Import of goods and services (BoP, current US$) : $580.7 billion (“Data” 2014). Exports of goods and services (BoP, current US$) : $564.6 billion (“Data” 2014). ...

A trade deficit arises when a country’s imports exceed its exports. There are different schools of thoughts when it comes to establishing a link between rising deficits and unemployment. When a country’s exports are consistently less than its imports, this implies that there is a reduced demand for the goods and services it produces, since its nationals, as well as the rest of the world, are buying products manufactured in other countries. If allowed to continue in the long-term, a persistent deficit will lead to job loss locally, because decreased consumption of products and services means that ...

“Governments should paly active roles in managing short run instability caused by

Unemployment and inflation problems” Introduction The reverse of the above statement is true, whereby if governments do not play an active role in fighting inflation and unemployment, the adverse effects associated with these two economic eventualities do sometimes dissipate on their own. Therefore, this paper agrees with the above statement, but will also attempt to show that various economic solutions to the short run instability which is associated with unemployment and inflation can sometimes lead to a worsening of the situation at hand, rather than its subsequent improvements (Quiggin, 2012, pg.13).

Positive Sustainable Economic Growth

According to Mukesh (2015, pg.69), one of the ...

Introduction

Since the end of the Great Wars, the US hegemony has remained superior than other countries and it was clear no one would be able to challenge their dominance in the fields of politics and the economy. Many countries often seek the advice of the US in terms of their political and economic reforms and seek aid to ensure their continuous growth. When there are major conflicts, the US is considered by many countries to act immediately due to its role as a world police. Considering its role in the international arena, many believed that the US would remain ...

The Global Economy and International Trade

Introduction At the same time, it would be paramount to draw attention to the importance of international trade concerning the economy of the United States of America. This is due to the facts that the country reveals as a superpower and because the entire amount of both exports and imports results in an honorable second place worldwide (fn. – America waives the first position to China, of course). In advance, I feel an inexorable desire to note that since the time the United States of America had become a state and until nowadays, the country has been altering its directivity ...

International finance

Question 1: Uses of the balance of payment data It is used in the recording of economic transactions of the residents of a particular country to the rest of the world within a given period. Current account shows the total net amount a particular country is earning if it’s in excess or spending when in shortage. It’s calculated by net income from exports fewer payments from the imports. While the capital account; deals with the recording of the ownership of the foreign assets. It involves the reserve account and loans and investments a country and the rest ...

Introduction

The exchange rate has become an integral component of modern economics. Its role stems from its far-reaching effects on the economy of a country, investments, the profitability of firms, and personal finances. Countries have become even more interdependent due to the rapid advancement in communication technologies and the expansion of global trade, which have significantly reduced the geographical distance between both individuals and countries. However, since nations use a broad range of domestic currencies with different values, trading partners must, therefore, rely on currency conversion methods to facilitate global transactions. This paper explores the importance of exchange rate and ...