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

Our society has become interdependent with each other in many ways through things like trade, technology, culture, and immigration. ... In this paper, I will be focusing on four aspects of globalization: development, migration, finance, and trade. ... And lastly, for trade, I will argue that global trading groups, such as NAFTA and WTO have expanded trade in many nations and this led to a globally shared wealth across the nation. ... Not only that, I used globalization to imply the proclivity of a nation towards open trade and open economy. ... South Korea has become such a vital part in the i...

• Word Count: 3315
• Approx Pages: 13
• Grade Level: Undergraduate

Globalization has negatively impacted on Vietnam's external stability as technological advances have allowed for greater trade in goods and services. ... This persistent trade deficit has resulted in the Dong being devalued by 20% since 2008. ... The final impact of globalization on Vietnam's economic development has been closer ties with the regional and international economic community through trade agreements and joining international organizations. In 1995, Vietnam joined ASEAN and implemented a bilateral trade agreement with American in 2001. ... As such, Vietnam's integra...

• Word Count: 1293
• Approx Pages: 5
• Grade Level: Graduate

Factory workers represented 24.4 percent of the labour force, down from 26.3 percent in 1990 and 28.7 percent in 1970. 2.1.3 Trade policy Japan's main trading partners are the United States, East and Southeast Asian countries, and the European Union particularly Germany and the United Kingdom. ... It is important that Cotton Australia executives be aware of this information. 2.2.4 Use of translators in business Japanese companies use translators to communicate information with international companies, but the number of people who are English-speaking in Japan is increasing from ...

• Word Count: 2855
• Approx Pages: 11

According to the article, "structural adjustment and globalisation will indeed benefit countries in the region through international trade, new investments and new and more efficient communication and information." ... The introduction of new policies of trade, investment and communication by the government attempt to soothe and even reverse any decline in social development, however, such methods have their own flaws. ... Wedderburn and Levy have identified several other groups specifically affected by economic adjustment and trade policies. ... The Caribbean Office of the International Labo...

• Word Count: 1068
• Approx Pages: 4
• Has Bibliography
• Grade Level: Graduate

Japan, Singapore, Malaysia, and Korea developed rapidly under positive international circumstances, at least until the late 1980s. The international movement towards freer trade permitted these countries to effectively seek an export-oriented growth strategy. ... (Commanding Heights) The free trade approach on the part of the U.S, which provided the largest market for Asia's exports, assisted the export-oriented industrialization strategy focusing on the comparative advantage of Korea, Japan, Singapore, and Malaysia and their long term growth. ... Singapore once nurtured "small indust...

• Word Count: 828
• Approx Pages: 3
• Grade Level: Undergraduate

In the 1970s international fashion arrived in India with the bold colors, flower prints and bell-bottoms. ... India has a strong domestic as well as international demand which led to huge growth of the AII. ... The apparel industry is one of the extreme significant sectors of India in terms of revenue, investment, and trade and job creation. ... A country of over one billion population, an enormous consumer class, India is measured as the most favored destinations for trade and investments. ... An increasing number of international brands across formats shall foray into India to leverage the p...

• Word Count: 1808
• Approx Pages: 7
• 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

It is commonly believed that there is a trade-off between equality and efficiency. ... However, an International Monetary Fund study found evidence contradicting this idea: "If the income share of the richest 20 percent increases by 1 percentage point, output growth is 0.08 percentage point lower in the following five years, "suggesting that the benefits do not trickle down," IMF researchers said in a paper released Monday. ...

• Word Count: 527
• Approx Pages: 2
• Grade Level: Undergraduate

Since then, Vietnam became internationally isolated until it withdrew its troops from Cambodia in 1989. ... Vietnam reestablished full diplomatic ties with China in 1991, and the U.S. lifted its trade embargo on Vietnam in 1994, which was followed by the establishment of full diplomatic ties in 1995. 3. ... Total exports at about US$500 million were less than half the total value of imports (US$1,221 million) and per capita trade levels were very low by East Asian standards. ... Entry into new branches of trade stimulated technical transfer and innovation. ... It produced a record 900,000 ...

• Word Count: 2031
• Approx Pages: 8
• Has Bibliography

The major flaw, they argued, had been the degree of state involvement in economic affair and the curtailment of free markets and liberal trade regimes. ... SAPs benefit a narrow stratum of private sector - those who involved in export production, trade brokering and portfolio finance. ... In agriculture, SAP augment the economic liberalization resulting from free trade agreements, undermining peasant agriculture while reinforcing export-oriented agribusiness. ... Economic development still has two faces, it seems, and the benefits of unregulated access to international financial markets in par...

• Word Count: 1434
• Approx Pages: 6
• Grade Level: Graduate

The United States is one of the most active countries in Poland with trade expected to triple by 2010. ... Along with a growing international presence and EU membership, Poland's economy is strong and growing. ...

• Word Count: 1363
• Approx Pages: 5
• Has Bibliography

Foreign relations - the relations of a county with others is very important for trade. ... Major components of trade balance are exports and imports of a country. Adverse trade balance is generally the result of slackness in exports in comparison to imports. Exports: Developing countries who in general export primary goods encounter adverse balance of trade frequently. The reasons for lagging behind their exports are this that they export primary goods, which faces severe competition in the international market. ...

• Word Count: 2476
• Approx Pages: 10
• Has Bibliography
• Grade Level: High School

The Black Sea is on the eastern side of the country providing easy trade routes to the east. ... International Trade is another problem that Bulgaria is facing. Its prior commitments to the World Trade Organization and its efforts to join the European union shape Bulgaria's trade policies. ... Bulgaria's main trading partners include Italy (export 12.7, import 7.7), Germany (export 10.5, import 13.7), Greece (export 8.8, import 5.9), Turkey (export only 8.0), and Russia (export 5.5, import 20.1)(Washington). ... Although Bulgaria is starting to trade more with the European union ...

• Word Count: 1286
• Approx Pages: 5

Nicaragua suffers from persistent trade and budget deficits and a high debt-service burden, leaving it highly dependent on foreign assistance--as much as 25% of GDP in 2001. ... However, long-term success at attracting investment, creating jobs, and reducing poverty depend on its ability to comply with an International Monetary Fund (IMF) program, resolving the thousands of Sandinista-era property confiscation cases, and opening its economy to foreign trade. The United States is Nicaragua's largest trading partner by far--the source of 25% of its imports and the destination of about 6...

• Word Count: 4098
• Approx Pages: 16
• Has Bibliography
• Grade Level: High School

The fast economic development of China has attracted the attention of the international business community, creating a surge in foreign direct investments and international trade. Negotiating new business and trade agreements as well as establishing business subsidiaries and joint ventures, the number of foreign business people in China is increasing rapidly. ... In 1993, China "s GNP grew by 10 percent, industrial output was up 18 percent, and foreign trade had risen by 20 percent. In Shanghai and Guangdong Province in 1993, the GNP grew by 22 percent and 18 percent in for...

• Word Count: 2199
• Approx Pages: 9
• Grade Level: High School

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

Another potential advantage of economic growth could be that the raise in the level of the country's real GDP may increase its status and power in international organizations, increasing it's vying power with different countries and it's influence on other countries throughput the world. For example, USA has a high level of real GDP per capita and is a powerful member of the United Nations, the International Monetary Fund and the World Trade Organization. ...

• Word Count: 1462
• Approx Pages: 6
• Grade Level: Undergraduate

TRADITIONAL SOCIETY The traditional society shows how a society would manipulate the production or outputs given the environment they are in to and how innovations may emerge through economic relations and trade. ... Even if one country is more efficient in the production of all goods (absolute advantage  in all goods) than the other, both countries will still gain by trading with each other, as long as they have different relative efficiencies. 6. ... To easily have money means to have debts from international aids. 4. ...

• Word Count: 1274
• Approx Pages: 5
• Has Bibliography

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

Their participation in the Association of Southeast Asian Nations, Asia-Pacific Economic Cooperation, and World Trade Organization has made the country became more integrated into the world economy. ... As stated on Trading Economics website, the Gini coefficient for Vietnam grew from 34.5 in 1990 to 43.3 in 2006, where an index of 0 implies perfect equality and an index of 100 represents perfect inequality. ... According to the International Monetary Fund website, Vietnam's unemployment rate had only increased by 13.98% within one year after the crisis hit. ...

• Word Count: 1435
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

Now the fiscal, monetary, and trade policies have been started to work ithout tion of politicians, bureaucrats, and military rulers, and statutory orders that effect almost every single aspect of running a business. ... The economic revival strategy laid out in December 1999 envisaged 4 key goals: 1-Macroeconomic stability and the restoration of a working relationship with international financial institutions (IFIs), 2-structural reforms to remove distortions in the economy, 3-improving governance, especially economic, and reviving key national institutions. ... Another Micro fina...

• Word Count: 2277
• Approx Pages: 9
• Grade Level: Undergraduate

It is the world's largest economy according to the International Monetary Fund (IMF) for the purchases it has made, though this has been disagreed with by China's National Bureau of Statistics. ... China's relations with Australia are identified by their strong trade bonds. Australia's largest trading partner for goods and services is China, whereas Australia is a primary source of resources for China. ... The China-Australia Free Trade Agreement (CHAFTA) took place on the 20th of December, 2015. ... Figure 1.4: Employment and unemployment rate for Australia Source: Tradi...

• Word Count: 2966
• Approx Pages: 12
• Has Bibliography
• Grade Level: High School

In his 2009 budget speech, then Minister of Finance Trevor Manuel announced his response to the unfolding global economic crisis. With the overarching priority of the South African focus remaining in job creation and growth acceleration, some new changes to the budget were announced with the aim to ...

• Word Count: 2383
• Approx Pages: 10
• Grade Level: Undergraduate