Latest news

  • in

    Analysis the Effects of Domestic and Global Free Trade

    Analyse the effects of domestic and international free trade and protection policies on the Australian economy Free commerce is the unrestricted buy and sale of products and companies between countries with out the imposition of protection corresponding to tariffs and quotas. This enables economies to give attention to their core competitive advantage(s), thereby maximizing economic […] More

  • in

    Aid versus Trade

    The help verses commerce dispute reveals the strong distinction and sizable discount in serious hardship in emerging economies such as China, Thailand and South Korea which have actually welcomed international trade, with the relentless hardship in quite a few aid-dependent African nations. The debate of whether overseas assist is useful or damaging to a rustic […] More

  • in

    Advantages of trade liberalization

    During these final decades, the world economy has experienced fast growth. This development has been fueled partly by the more rapid development of worldwide commerce. Trade progress, in turn, results from both technological developments and concerted efforts to reduce back barriers to trade. Some creating international locations have opened their economies to take full advantage […] More

  • in

    Advantages and Disadvantages of International Trade

    Introduction Textile industries are important segment, which distinguished country’s success by which nations establish to perform its respective aimed goal. International commerce of textile is the change of textile between international locations. The commerce of textile contributes to the economy of the world. In which the costs of textiles, and their provide and demand, that […] More

  • in

    A Project on the World Trade Organization

    The objective is to help producers of goods and providers, exporters, and importers conduct their enterprise. The WTFO is a corporation that intends to supervise and liberalize worldwide trade. The group formally the General Agreement on Tariffs and Trade (GATE), which commenced in 1948. The group offers with regulation of trade between participating countries; it […] More

  • in

    A Balance Graduated Table in Trade and Commerce

    Introduction A steadiness graduated desk is an device that measures the burden or the mass of the object. Balance the usual weight to an unknown weight utilizing a horizontal lever is identified as steadiness. Balance graduated table are measured in many merchandises like industrial and industrial functions from feahers to laden tractors. For mensurating the […] More

  • in

    What Drove The Sugar Trade?

    Sugar is a very tempting and delightful sweetener to foods used every day, all over the world to satisfy our appetites. One year after Christopher Columbus’s first voyage in 1493, Columbus introduced cane sugar to the islands of the Caribbean. During this time sugar was not known to most people in Europe. That changed soon […] More

  • in

    The Atlantic Slave Trade

    The Atlantic Slave Trade had a both positive and negative impact on those involved in it to an extent. Britain’s economy benefited greatly from the slave trade as many industries flourished. This was an immense opportunity for those who were unemployed as it provided thousands of jobs. People were employed in industries like the building […] More

  • in

    Reasons for Free Trade

    Free trade can be defined as the situation whereby governments impose no artificial barriers to trade that restrict the free exchange of goods and services between countries with the aim of protecting domestic producers from foreign competitors. The argument for free trade is based on the economic concept of comparative advantage. Comparative advantage is the […] More

  • in

    Analyse the effects of domestic and global free trade

    Analyse the effects of domestic and global free trade and protection policies on the Australian economy Free trade is the unrestricted purchase and sale of goods and services between countries without the imposition of protection such as tariffs and quotas. This enables economies to focus on their core competitive advantage(s), thereby maximizing economic output and […] More

  • in

    Chapter 2 Exam – Scarcity and the World of Trade

    CHAPTER 2 Exam – Scarcity and the World of Trade—offs MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1)As a student of economics, when you speak of scarcity, you are referring to A)the ability of society to employ all of its resources. B) the ability of society to […] More

  • in

    Importance of International Trade

    Discuss the importance of international trade to the company’s business (4.1) International trade is very important in this era for every international company, trade (export/import) in capital, goods and services between countries. This topic discussion about Virgin Atlantic Airways, for them international is very vital in commercial flight business. What is the importance of Virgin […] More

  • in

    The Trade Union

    Introduction The trade union, through its leadership, bargains with the employer on behalf of union members and negotiates with employers. This may include the negotiation of wages, work rules, complaint procedures, rules governing hiring, firing and promotion of workers, benefits, workplace safety and policies. The agreements negotiated by the union leaders are binding on the […] More

  • in

    Indian Ocean Trade

    During the time period between 300 CE and 1450 CE the Indian Ocean Trade was consistent of its spread of goods, religion, and the growth of trade route under different empires. On the other hand, the significant changes were the ways of trade, diffusion of religion, and empires controlling the trade route. Economically, the Indian […] More

  • in

    International trade theory

    Abstract In this reading a number of international trade theories are explained to help the reader better understand why it is beneficial for a country to engage in international trade, and explains the patterns of international trade that is observed in the world economy. It is understood how the theories of Smith, Ricardo, and Heckscher-Ohlin […] More

  • in

    Brutality of Ivory trade

    In 1989, CITIES (the Convention on International Trade in Endangered Species of Wild Fauna and Flora) approved a worldwide ban on ivory trade due to extensive poaching reducing the African elephant population by more than half. However, levels of poaching and illegal trade are getting out of control once again. Since 1997, certain countries such […] More

  • in

    Sugar Trade

    “Give me some sugar!” When most people hear that phrase, it usually means someone wants a kiss. But in the late 1600s and early 1700s, people want to plant sugar. True, it started some 9000 years ago in New Guinea, but it took a while before the rest of the world caught on. During this […] More

  • in

    The trade networks between Africa and Eurasia

    The trade networks between Africa and Eurasia from circa 300 CE to 1450 CE experienced many changes in their merchandise trade and who they traded with. Also, there were continuities involving their methods of trade. Among these changes and continuities technological advancements were made and cultural and political aspects were also affected. At the beginning, […] More

  • in

    INTERNATIONAL TRADE

    1. Who benefits from the government policies to (a) promote production of ethanol and (b) place tariff barriers on imports of sugar cane? Who suffers as a result of these policies? ANS: Benefiters in promoting production of ethanol: -Corn producers. They get subsidies from the government and get a free way of marketing from the […] More

  • in

    Trade union decline in UK

    Trade union is a form of organization where employees and leaders with common interests join in order to promote and protect those interests. These collective organisations have the role to negotiate with the employers the wages and the working conditions, they also help ease the relationships between employers and employees by diminishing the conflict between […] More

  • in

    Trade blocs: Economics and politics

    Trading BlocsThe key term in this essay is “Trading bloc” and my interest in this term has been as a result of the major economic changes that have taken place across the world. I have been able to note that there have been great developments in international trading and business (Haftel, 2004). Economic integration is […] More

  • in

    Role of free trade and how it has impacted developing countries’ trade

    Role of free trade and how it has impacted developing countries’ trade Introduction             Free trade is a trade where countries carries out economic activities “without restrictions or barrier such as import and export tariffs”, barrier to market entry and policies (Johnston, Gregory, & Smith, 2011, free trade). Many countries […] More

  • in

    Analysis Of US International Trade Commission Decisions In Antidumping, Countervailing Duty And Safeguard Cases

               International trade commission Introduction                International trade commission (ITC) is definite by US Legal as an independent quasi-judicial federal agency with broad investigative responsibilities on matters of trade. The agency mainly focuses on the investigation that surrounds the effects of dumped and subsidized imports […] More

  • in

    Ethical Business in Global Trade

    Ethical Business in Global Trade Introduction        Ethics can be defined as the “well founded standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to the society, fairness or specific virtues” (Manuel et al., 2010) In relation to Human labor, Auret van Heerden […] More

  • in

    Conflict between Trade Unions and Management

    According to Fox, a manager should have an alternative ‘frame of reference’ that will help in analysing employee relations. Many managers use unrealistic ‘frames of reference’ that end up distorting the existing facts thus making solutions very elusive. Fox further explains that there is the need to develop an efficient and effective frame of reference […] More

  • in

    The Atlantic Slave Trade

    The Atlantic Slave Trade in Africa was one of the most widespread forms of slave trade in the continent of Africa. As such, it had major implications on both the social, political and economic lives of the West Africans. Patrick Manning, in his article contours of slave trade and social change in Africa, suggests that […] More