The International Monetary Fund (IMF) is an international organization that consists of 188 countries working to promote global monetary partnerships, advocate high employment and sustainable economic growth, secure financial stability, reduce poverty around the world, and further international trade. ... The IMF was also intended to help mend the international economy to prevent economic downfall, since the Great Depression. ... The core mission of IMF is to secure the stability of the international monetary system in three ways, which are keeping track of the global economy and the economie...

• Word Count: 524
• Approx Pages: 2
• Grade Level: Graduate

During the 1990s, literature on the international political economy was dominated by the idea of globalization. ... In the international realm, such thinking is most obvious in liberal views concerning free trade (though many liberals would take a slightly more ambiguous view than the neoliberal one set out here). ... Allowing free trade sends price signals that encourage people to work at what they are best at, a strategy that benefits everyone over the long term. ... It is necessary to understand that advances in transport and communications technology do not always lead to greater trade or...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

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 new agreement has more features and provisions, comparable to international best practices in order to increase intra-ASEAN investments and to enhance ASEAN's competitiveness in attracting inward investments into ASEAN. ... ACIA's drafters intended to draw on 'international best practice' as well as on the existing agreements (ACIA Business and Investor, 2013). ... Also it will enhance the infrastructure and communication connectivity, closer consultation in macroeconomics and financial policies, and creating a free trade area. ... The removal of these trade impedimen...

• Word Count: 706
• Approx Pages: 3
• Has Bibliography
• Grade Level: Graduate

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

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

The importance of a sound and fair institutional environment has become all the more apparent during the recent economic and financial crisis and is especially crucial for further solidifying the fragile recovery, given the increasing role played by the state at the international level and for the economies of many countries. ...

• Word Count: 4162
• Approx Pages: 17
• Has Bibliography
• Grade Level: Graduate

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

International risk ratings agencies all increased their ratings for Vietnam in 2002, reflecting a better perception of the investment environment. ... The country is also at a high level of international debt, in the hope for long term investments. ... People are allowed to own private properties but they have to buy and sell leases to operate their business such as farms and trading land use. ... They also want to develop a good trade relationship with the western world. ... They are insisting on expanding trade and investment links between the two countries. ...

• Word Count: 872
• Approx Pages: 3

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 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 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

This system was designed to keep out foreign trade and competition and using manufacturing to supply the domestic market. ... This system was meant to effectively close off the economy from international trade in order to protect local industries. ... This system worked well because both Venezuela and Mexico had over areas (such as oil and trade with US) which provided them with large amounts of wealth. ...

• Word Count: 1131
• Approx Pages: 5

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

Thus thesis is backed by scholars like Mosley et al (1987) who argued that the theoretical case for foreign aid rest on the presumption that the aid could fill the shortage of international capital in developing countries. ... James Sackey, former World Bank country representative in Sierra Leone who was quoted by Jalloh (2007) said that the instructions for giving out loans and grants by the World Bank and the I.M.F include privatization, trade liberization and high interest rates. Trade liberization for underdeveloped economies have proven to have some serious side effects as it may lead to ...

• Word Count: 1491
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate

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