Essays on World Trade Organization

Introduction

BMW Group is one of the most successful automotive companies in the world and is a considered a brand leader in the premium market segment in the United States. Despite competitive pressures within the market segments and among the low and mid-priced automotive, BMW’s vehicle volume sales continued to increase by 5.2% in 2015, thanks to the normalization of the global economy. Its revenues also increased by 14.6% and reached $92.2 billion while its net income reached $6.4 billion, a 10% increased from the previous year (BMW Group, 2016). As per location, Germany accounted for 42.6% of the ...

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 ...

Both China and the USA are some of the biggest contributors to the global market. Both economies produce large quantities of good that are shipped globally. Since bulk production requires a lot of labor, and the prevailing poverty rates among the citizens, children start to work in the dangerous environments of the labor market. The safety and workers right as well as the employment standards are irrelevant when it comes to the means of eking a living. Consequently, children have joined the labor market to eke a living, denying themselves an opportunity to pursue education and develop a higher ...

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 ...

1. Bretton Woods institutions are the International Monetary Fund and the World Bank, which is leading the international monetary and financial institutions, the most important element of the modern institutional structure of international monetary relations (Claude, Sharp and Egger, 2016). They got their name from the American town of Bretton Woods, where in 1944 an international monetary and financial conference at which it was decided on the establishment of these two institutions. The International Monetary Fund is an international monetary organization whose purpose is to promote international trade and monetary cooperation by establishing norms regulating exchange rates and monitor ...

Could Free Trade Agreements be a effective instrument to regulate climate change mitigation measure in the context of missing a comprehensive multilateral instrument?

The recent century is featured with the expansion of the international trade in the global scale. The development of the trade legislation and increase of the volumes of import and export relations between the countries gives rise to the question as to whether globalization of international trade affects the spread of the climate changes. In this regard, the majority of the experts in trade sphere consider the role of the World Trade Organization in the mitigation ...

Saudi Arabia is a peninsula found in South Western Corner of the Asian Continent with its capital city in Riyadh. The country has the largest desert in the world known as Rub’al-Khali among other outstanding things about Saudi Arabia. The form of currency is known as Saudi Riyal, and they rule under the kingdom form of government. Saudi Arabia is rich in traditional values, culture, religion, cuisines and the hospitality of the citizens who are of Islamic Religion. The culture and traditions of Saudi Arabia appear unique as they ensure it is passed on from one generation to ...

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). ...

Establishment of BRICS was one of the most significant political events of the beginning of the XXI century. BRICS is a group of five fast-developing countries: Brazil, Russia, India, China and South Africa. The organization was founded in June 2006 during the St. Petersburg`s Economic Forum with the participation of the Ministers of Economy of Brazil, Russia, India and China. Before the inclusion of South Africa in 2010, the organization was known as BRIC. For the first time the acronym BRIC was proposed by Jim O'Neill Goldman Sachs`s Bank analyst in November 2001. The sequence of letters ...

Executive Summary

A strategic analysis of Amazon is employed in this document in order to highlight the major problems that must be considered by the management. The company is considered a leader in electronic retailing globally, however facing a stiff competition from its counterparts as bricks and mortar companies as they are emerging in the contemporary corporate setting and establishing their online presence. Amazon is engaged in finding ways to adequately address the contemporary challenges in the global marketplace in order to maintain its competitive position and subsequently attain a greater share of profits from the international market.

Introduction

Amazon is deemed ...

Introduction

The economy of Japan has seen a downturn with the economic crisis in the year 2008. Every country has been faced with the consequences that resulted in different impacts. The paper will present the economic indicators and overall economic situations in the Japan. The background of the country’s economic policies will be present, with international and regional trade agreements. The focus will be on presenting the specific economic data along with the definitions and interpretations. Further on, the current state of the country’s economy will be examined in the light of trade, fiscal and monetary policy.

Background on the country and recent economic policies

Japan ...

1.0 The role of World Trade Organization

The World Trade Organization is an establishment that was set up out of the Uruguay rounds of General Agreement on Tariffs and Trade negotiations in 1995. It was set up as a replacement for the General Agreement on Tariffs and Trade which had previously been charged with the duty of coordination of trade relationships among its partners. The role of World Trade Organization is stipulated in the agreement that led to its formation which had a charter for the Multilateral Trade Organization mainly outlining the mechanism for the settlement of trade disputes and a Trade Policy Review Mechanism (TPRM). The roles of ...

Introduction

Multilateral trade agreements are agreements on trade performed between many countries at one time. It is usually very difficult to negotiate but once they go through, they form a very powerful base. Once a multilateral trade has been signed, all parties that have signed the agreement are treated equally (Choueiri, 2005). This is usually a very big advantage especially to the poorer countries which are usually less competitive in nature. There are several multilateral trade agreements which have been formed. In the recent past, Doha round table multilateral trade agreements is one of the biggest agreements formed which were between all the ...

In the year 1948, the Republic of China was among the 23 signatory countries of the General Agreement on Trade and Tariffs (GATT). This happened following an announcement by Taiwan’s government that the Republic of China could quit the GATT. It was after China’s revolution of 1949. However, Beijing never recognized such an announcement that its government was quitting the system. After 40 years, in 1986 the Republic of China showed an intention through a notification to GATT, that it was ready to resume its position as GATT’s system Contracting Party. As a result, an examining party was ...