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 […]

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 […]

The Effects of Trade and Agriculture Advancements in Ancient Civilizations

In the earliest civilizations agriculture and trade had fantastic effects on everyday life. The Mesopotamians and Egyptians paved the way for modern day nations to thrive. Irrigation and soil quality had a lot to do with the earliest civilizations crop success or failure (Perry, Chase, Jacob, Jacob & Von Laue, 2009). The beginning of trade […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

Attacking currency trends how to anticipate and trade big moves in the forex market

Terrorism has been a great challenge to almost all countries in the world. Though it is very challenging for two countries to come into a point of ending war against terror, at times accepting democracy may not be the solution. The term requirement refers to a thing that is required prior condition of something else […]

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 […]

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 […]