Globalization usually refers to economic globalization, that which brings national economies into the international economy through trade and foreign investment, according to Al-Rodhan from Definitions of Globalization. ... The issue of globalization is not only controversial but international as well. ... First of all, the permeability of borders and free trade create a global sense of community. ... Also, taxes and tariffs decrease when free trade is permitted. ... Globalization and free trade yields a mass amount of inexpensive products. ...

• Word Count: 775
• Approx Pages: 3
• Grade Level: Undergraduate

The international community and US business sector have seen the "Communist" country as offering immense opportunities. ... China also now has plans in joining the World Trade Organization (WTO). ... With these in place, trade grew from 10% of GNP in 1978 to 36% of GNP by 1996. ... China runs a large current account trade surplus, which rakes in over 40 billion US dollars each year. ... China's trade partners have also risen dramatically due to globalisation, as in 1950, China had only 60 trade partners, now it China has 227. ...

• Word Count: 2010
• Approx Pages: 8
• Grade Level: Undergraduate

In an attempt to compare international affairs on the basis of these five aspects, many issues or obstacles prevent there from being a single approach or guideline to comparative study. ... Thus geo-economic change will become the focus of this paper in supporting the factors that respond to this essay question: In the face of global changes, is it possible to map a single world for study, or must one always develop one's approach to international and comparative studies on the basis of multiple and changing images of international affairs and what the world is? ... What was once known ...

• Word Count: 1722
• Approx Pages: 7
• Grade Level: Undergraduate

More importantly, it reciprocates the understanding of globalisation by the international financial institutions, such as the International Monetary Fund (IMF) and the World Bank (WB), which are seen as the agents of globalisation and have exported globalisation to all regions of the world through economic reform programs, known as Structural Adjustment Programs (SAP). ... Oppressive use of trade barriers Developing countries have been told to remove barriers to trade so that they can benefit from Ricardo's law of comparative advantage. ... Therefore, according to the law of comparativ...

• Word Count: 3797
• Approx Pages: 15
• Grade Level: Undergraduate

The topics of ECLAC's publications include food and agriculture; industrial, scientific and technological development; international trade; development financing; sustainable development; population; women and development; statistics and economic projections; transport; transnational corporations; and regional cooperation. ... He strongly believed in the restructuring of domestic and international economic measures for a more equal distribution of wealth and trade benefits. ... Prebisch was also behind economic nationalism that aimed at empowering Latin American economies to compete in in...

• Word Count: 1742
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

The rising conflict led to growing international isolation. ... The international environment is also becoming more conducive to growth. ... Furthermore, all financial and trade sanctions against South Africa have been lifted, allowing the country to establish many new trade and financial links, while numerous international companies have reestablished business links. ... During 1994 the trade account of the balance of payments deteriorated sharply, mainly due to a surge in imports, while export growth faltered despite the improvement in commodity prices and stronger international growth. ... ...

• Word Count: 6046
• Approx Pages: 24
• Grade Level: Undergraduate

Furthermore, there are disadvantageous in balance of trade. ... Trade Dependence This dependence takes various forms. Usually, developed countries will control international good or commodity market, export or import or both. ... It also involves invisible trade such as insurance and shipping control. As we know, trade or international trade including import and export are very important to developing countries. ...

• Word Count: 987
• Approx Pages: 4
• Grade Level: Undergraduate

However, the falling value of the dollar, taken in the context of the United State's trade deficit makes perfect sense, and follows the economic theory." ... This change in price due to exchange rates makes American products more competitive with other international products in the international arena, closing the current account deficit. ... In other words the American trade deficit is the only thing keeping the world out of a depression. ... It turns out that the trade deficit with China is linked to the fall of the dollar. That fall, a stated policy goal of the Bush administratio...

• Word Count: 1225
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

It involves the process of breaking down the international boundaries which will increase integration between different countries and have an international influence on all aspects of life. This includes trade and investment, distribution of income, financial markets, environment consequences, business cycle, government economic policies and most of all; growth and development. ...

• Word Count: 377
• Approx Pages: 2
• Grade Level: Undergraduate

He advocated, "No restrictions on manufacturing, no barriers to commerce, no tariffs "(Smith 2008 p112), stating; "free trade was the best way for a nation's economy to develop " (Smith 114). ... Moreover this also allowed a greater range of "international trade and investment " as in NAFTA, "No more price controls, would lead to total freedom of movement for capital, goods and services " (Smith 200). ... Over the last few decades, neo- liberalism as a development approach has been applied in many countries around the world and has been supported by major international financial instituti...

• Word Count: 2010
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

Other ancillary sectors including the transportation and leisure sector will also benefit from the huge influx of persons from within and the foreign sources within the next five years till the event takes place an aspect that is likely to retain long-term benefits to the regional investors (Irwin & International Monetary Fund., 2014). Indeed, after the Expo which already has the impact of steering high economic advantage with regard to increased investments, there will be more economic advantage of potentially increased investment owing to the high exposure of the region to international in...

• Word Count: 1116
• Approx Pages: 4
• Has Bibliography
• Grade Level: Undergraduate

The first was a favorable international economic environment, which saw total world imports expand from $175 billion in 1965 to $536 billion by 1973. ... In addition, the financial reform contributed to a massive inflow of foreign loans due to the existence of gap between domestic and international interest rate and since the Korea Development Bank guaranteed to pay back to foreign lender, the inflow of the loans were accelerated. ... For example, while domestic interest rate was so high comparing with international rates, the exporters, mostly big business in heavy industry, were able to get ...

• Word Count: 2573
• Approx Pages: 10
• Grade Level: Undergraduate

It holds a freedom score of 89.4, making its economy the 2nd freest in the 2014 index; high levels of trade freedom underpins Singapore's competitiveness in the global market and encourages economic growth. ... Trade, manufacturing, services and financing are the four fundamental components of the Australian economy; it is dominated by the services sector (70% of GDP), although the agricultural and mining sectors account for 57% of the country's exp­orts and be considered the 'driving force', despite the mining sector's slow decline. ... The International Monetary Fu...

• Word Count: 2267
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate

In 1471, the Portuguese first arrived in the area where it is known as the Gold Coast today, and at the beginning they were more interested in trading for gold, ivory and pepper. Later, as the Europeans found slave trade more profitable, it became the principal export of this area. ... There is little transportation between the region that is not under colonial development and the coastal trading centers. ... Only twenty percent of the funds was allocated to agriculture, natural resources, industry and trade, and the remaining eighty percent was designated as social services and infrastructure...

• Word Count: 1713
• Approx Pages: 7
• Grade Level: Undergraduate

Social Partners is the term used to designate the representative organisations of trade unions and employers. ... (Citizens Information, 2013) stated that Social partnership is the process by which the Government, employers, voluntary and community organizations and trade unions work out a plan that covers wages, industrial action, housing, transport, education and other issues that affect the country's social and economic development. The concept implies that trade unions and employers have significant areas of common interest and that their differences are susceptible to resolution thr...

• Word Count: 5360
• Approx Pages: 21
• Has Bibliography
• Grade Level: Undergraduate

The mains sources of economic development are trade, services and the industrial division. ... However, raw materials remain the main import, most coming from the Russian Federation, where the majority of foreign trade (approximately 60 percent) is concentrated. ... This helped the foreign exchange policy in the fall of 2000 and helped to improve the confidence in the economy and gave initial contact with International Financial Institutions. ...

• Word Count: 897
• Approx Pages: 4
• Has Bibliography
• Grade Level: Undergraduate

Historically, Japan has been a very hard market for international companies to enter. ... In today's increasingly interconnected economy, the policies of a country can attract all different types of international companies. ... In the 1970's, Japan became more liberal with FDI, but regulations remained and protected Japanese firms that lacked international competitiveness. ... In their textbook Introduction to International Business, Dimon & Gomez (2014) explain that since the 1990s, Japanese firms have actively resisted foreign investment because they fear foreign companies would r...

• Word Count: 1985
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

They operate through prevailing ideas of free trade and consumerism, holding their interests best at heart. ... (Sklair 2001, 14) That is why domestic and international policies tend to go hand in hand, sapping self-sufficient agriculture while promoting cash crops and industrial economy instead. ... (Tickner 2001, 82) According to Tickner, new international division of labor has had significant effects on women. (2001, 77) To worsen the problem, women are affected by gender division of labor as well. ...

• Word Count: 1735
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

They eventually opted for a heavy-industry oriented development strategy for three reasons: international competition, China's international political and economic environment, and their limited ability to effect industrial accumulation (Lin, 2003). ... However, at that time China was politically and economically isolated from the majority of the world, making successful trade almost impossible. ...

• Word Count: 1745
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

Was the British entrepreneur the most important single reason for the relative decline of the British economy in the late nineteenth century? Despite a continued growth of production and wealth in absolute terms, the economy of "the first industrial nation" began to decelerate after 1870, in comparison with that of her closest competitors. This so called "decline" was caused by a number of factors not merely one as the question suggests, indeed Supple` s foreword (1) asks, "Are we to be concerned with the rate of growth of total income or of manufacturing output? Above all, by what standard...

• Word Count: 3250
• Approx Pages: 13
• Grade Level: Undergraduate

In importing goods that are highly resourced or pollution intense but produced elswhere, developed can make their environment record look cleaner than it actually is if one took account of the international trade linkages attributed resource use and environmental pollution to the final consumption. ...

• Word Count: 1513
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

William Garrison published a number of studies incorporating spatial analysis of transport networks, the dynamics of trade and land use patterns (Scott, 2000). ... David Harvey studied the "uneven development in capitalism at the regional, national and international scale", with heavy emphasis on the struggles of the working class (Scott, 2000, p. 489). ...

• Word Count: 1523
• Approx Pages: 6
• Grade Level: Undergraduate

Since the end of the Second World War, the structure of the UK economy has undergone a radical transformation. One might say that change was especially noticeable during the Atlee Government of 1945-51, which saw vast nationalisation of industries as well as the establishment of the Welfare State, a...

• Word Count: 1545
• Approx Pages: 6
• Grade Level: Undergraduate

Trade with the outside world was almost non-existent except for some Asian and Arab traders along the coast. ... Another notable development during this period was the establishment of trading, other service industries and manufacturing. ...

• Word Count: 2727
• Approx Pages: 11
• Has Bibliography
• Grade Level: Undergraduate

Economic development and growth is sought after and important to the overall development of every country on this earth. Economic development is said to be a long term phenomenon which studies how economic circumstances change over time and how they can be made to change. While there is no scient...

• Word Count: 2348
• Approx Pages: 9
• Grade Level: Undergraduate