Essays on Trading Partner

Korea was bisected at the end of the Second World War, as a response to the differing political climates which each half of the peninsula espoused – North Korea preferred the communism of the Soviet Union, while South Korea was more in line with the policies and politics espoused by the west, the U.S. in particular. During the early fifties, hostilities between the two halves of the country reached breaking point, and the Korean War broke out, with the People’s Democratic Republic of Korea attempting to reunify the country by conquering South Korea, and the American army attempting to ...

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 ...

Abstract

In 2016, Britain voted to exit the European Union, now commonly referred to as Brexit. The European Union was a political as well as economic bloc. The citizens of Britain voted to leave the bloc for various reasons. However, it is certain that the move will have effects on the lives of people and companies both within Britain and in the rest of Europe. This study focuses on the impact of Brexit on British airways. This is the national carrier of the United Kingdom. The European Union allowed uninhibited travel of citizens of member countries between borders of the ...

Inter-organizational Innovation Networks (IT): Role of cloud computing and big data on Business Model Innovation

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Abstract

This report looks at how cloud computing and big data impact business model innovation and if these technologies enable companies to implement quicker and more efficient means to interact with customers and enhance their profitability and growth potential. Meta-analysis was conducted by accessing peer-reviewed literature which targets issues surrounding the research problem and research questions. Despite the uncertainty in terms of knowledge and expertise in the IT industry due to rapid technological developments there are still opportunities to be leveraged by businesses. However, in answer to the research questions it is found that cloud computing and big ...

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 ...

The elections are nearing, and the campaigns are still ongoing, and politicians are using hateful speeches and remarks to further their political ambitions. Individuals who use hate speech cite the first amendment; the freedom of speech. However, hateful statements have adverse effects on the peaceful co-existence of individuals from different communities and may also cause emotional damage as well as fear. Donald Trump has been making bold exclamations about immigrants in the Capitol, since his pre-election period, and for that he received a wide coverage and magnetism from the press. Amanda Sakuma’s Why Donald Trump’s Racist Remarks ...

The elections are nearing, and the campaigns are still ongoing, and politicians are using hateful speeches and remarks to further their political ambitions. Individuals who use hate speech cite the first amendment; the freedom of speech. However, hateful statements have adverse effects on the peaceful co-existence of individuals from different communities and may also cause emotional damage as well as fear. When Mr. Trump announced his presidential bid they he got more attention than he had bargained for, but not for the right reasons. He got the media attention and most importantly the public attention when he made negative ...

International Business & Global Logistics

International Business & Global Logistics This paper deals with the North American Free Trade Agreement, such notions as state capitalism and guarded globalization, functioning of the multinational corporations and the major cultural dimensions.

The North American Free Trade Agreement, established in 1994, created free trade zones that are the largest in the world. The North American Free Trade Agreement was aimed at economic growth of such countries as Mexico, the United States of America and Canada. After the agreement came into effect, the wealth of families, workers, manufacturers and thus the prosperity of countries has been increased greatly (“North American ...

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 ...

Saudi Arabia, the birthplace of Islam is the largest country in the Arabian Peninsula. It has been an ancient trade center. Trade was considered crucial for the development of the country in the earlier period. Different trade routes were developed to transport agricultural goods. Saudi has emerged from an agricultural society into a diversified economy and is at present the world’s largest oil producer. Increase in oil exports, helped the country to build basic infrastructures and also improve commerce and industry. This resulted in an economic transformation and progress to become a fast developing country in the world. ...

China and South Korea signed a bilateral free trade agreement on 1 June in the year 2015, and the major aim of the trade is to eliminate around 90% of import tariffs, which will substantially boost trade between those regions. The trade between those two regions always had quite big volumes. The discussions about the agreement began in the year 2012, when the China-South Korea trade constituted around $215 billion. The expectations state that with the signing of this free trade agreement, the trade will significantly increase and the volumes will exceed $300 billion. This agreement includes various spheres ...