China has been the scenario of political, social and economic turmoil during the past decade. ... The emphasis on the economic aspects of Hong Kong is of great significance considering it is one of the world's freest and most dynamic economic centers and considering the commotion under the effect of two international economic crisis" during the SAR's first four years of existence. ... Hong Kong embraces the globalization of international trade and economic activities. ... The main key elements of Hong Kong's success as an economic centre are its sound economic fundamentals, main...

• Word Count: 3624
• Approx Pages: 14
• Grade Level: Undergraduate

Founded in 1980, it established economic preference zones instead of free trade. This encouraged economic growth and increased actions and agreements between countries that previously had no connections. ... These free trade agreements serve to promote unified movement within the EFTA's economic relationships and to strengthen Europe's international trade alliances. According to EFTA web page, free trade established by the EFTA is an, "essential process in the continuous building of economic, social, and political ties between the countries of Europe and thus enhancing our common obj...

• Word Count: 3714
• Approx Pages: 15
• Grade Level: Undergraduate

Many see it as a primarily economic phenomenon, involving the increasing interaction, or integration, of national economic systems through the growth in international trade, investment and capital flows. ... It has taken off as a concept in the wake of the collapse of the Soviet Union and of socialism as a viable alternate form of economic organisation. Globalisation is the rapid increase in cross-border economic, social, technological exchange under conditions of capitalism. ... The UN has sponsored a Global Compact to establish and promote a shared set of core values in the areas of labo...

• Word Count: 9131
• Approx Pages: 37
• Grade Level: Undergraduate

Free enterprise was seen as the key of economic success. ... They opened their markets to competition and to global economy. ... Some critics even question the benefits for the poor of policies aimed at stimulating economic growth. ... In yet others, such as Vietnam, it has not changed, even if there were enormous economic transformation. ... In each country, even the population is divided in different economic and social layers. ...

• Word Count: 6472
• Approx Pages: 26
• Has Bibliography
• Grade Level: Undergraduate

This highly unexpected rapid economic growth has been the trigger for much analytical interest attempting to explain the various causes of the phenomenon that was the economic miracle. ... Singapore profited from FDI in the form of improved quality of entrepreneurial and managerial resources as well as economic growth, employment creation and a healthy balance of payments. ...

• Word Count: 3533
• Approx Pages: 14
• Has Bibliography
• Grade Level: Undergraduate

Apparel and textile is one of the most important heads of expenditure when it comes to consumer spending or economic activity in the US. ... A quick look at these five heads would give an analyst a fair idea as to the state and direction of the economy at any point in time as consumer spending accounts for two-thirds of the total economic activity in the country. ... It is a global economic fact that when a country climbs the ladder of development its concentration on high value, capital-intensive output is proportionately increased. ...

• Word Count: 6737
• Approx Pages: 27
• Grade Level: High School

And in the embryonic years of a new, and so crucial for the mankind, millennium, never before have so many countries at such different levels of development been involved towards a common socio-economic goal, such as the progressive removal of obstacles to international trade and investment, something most commonly known as "trade liberalisation". ... Underlying the trade liberalisation process is the economic principle of comparative advantage. ... Some economists for the economic crisis that followed have blamed this return to protectionist policies. ... This increases competition initialisi...

• Word Count: 3038
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate

As a rule, GATT accepted that export subsidies could prove to be harmful to the economic community and in Article XVI the agreement states that "contracting parties shall cease to grant either directly or indirectly any form of subsidy on the export of any product other than a primary product" (GATT, 1986, p. 2). ... The WTO describes itself an agreement which seeks "trade without discrimination", with the intents of freer trade, transparency, fair competition, and encouragement of development and economic reform ("Understand the WTO", 2014), Unlike the noncommitt...

• Word Count: 2837
• Approx Pages: 11
• Has Bibliography
• Grade Level: Undergraduate

GATT was founded after some disastrous economic crises in 1930s. ... US were aiming to protect its domestic industry from foreign competition by this tariff. ... After the Word War II ended, "the world leaders wanted to avoid "destructive pre-war isolationist economic policies" and agreed to unify under GATT. ...

• Word Count: 2688
• Approx Pages: 11
• Grade Level: High School

The service sector has accounted for the highest portion of total economic activity in Hong Kong, the USA, and France since the early 1990s. ... In another context we have coined the term ``service competition'' for this new emerging type of competitive situation facing an ever-growing number of industries on domestic as well as international markets (Gronroos, 1990a). ...

• Word Count: 3414
• Approx Pages: 14
• Has Bibliography
• Grade Level: Undergraduate