Abstract The goal of international trade is trade goods and services between different countries. If anything at all, international trade increases economic growth and does not account for the major job loss domestically or internationally. ... This should be the goal of international trade because essentially the definition of international trade is "the exchange of goods and services between countries" (Heakal, n. d.). ... Economist David Ricardo first expressed the law of comparative advantage (Reuvid & Sherlock, 2011). ... International trade satisfies the law of absolute and co...

• Word Count: 759
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

Customs authorities may also have questions about the legitimacy of this of that international economic activity and so on. ... Various laws and regulations of customs authorities are being issued more and more often. Because of that sometimes certain difficulties in the tracking of all the changes in the legislation may arise. - Joint efforts of law enforcement agencies , taking into account the legal distribution of their powers have not yet fully focused on the identification, detection, investigation and prevention of crimes in the customs area; -Lack of proper interaction between law enf...

• Word Count: 1015
• Approx Pages: 4
• Grade Level: Graduate

International trading however has its limitations. There are several questions that need to be answered first when trading internationally. ... Due to the law of supply and demand, if you limit the supply of the imported watches then the prices for these imported watches will increase which will have the same effect as that of putting taxes on imported watches. ... Another decision to make in international trading is opening Free Trade Agreements with other countries. ... International trading based on this simulation is governed by the principle of comparative advantage. ...

• Word Count: 973
• Approx Pages: 4
• Has Bibliography
• Grade Level: Undergraduate

The global financial crisis that erupted in 1997 affecting the "Asian Tigers" economies and quickly reverberating globally set the stage for the first genuine debate in several decades over the role of the International Monetary Fund (IMF). ... At this end of the spectrum, the debate focuses on how to enlarge its role in the global economy in a variety of ways, for instance, as a genuine lender of last resort and as creator of international liquidity through its prototype SDR mechanism (Dollar and Svensson, 1998); as an authority in orderly debt negotiations between creditors, priv...

• Word Count: 3629
• Approx Pages: 15
• Has Bibliography
• Grade Level: Undergraduate

Liberalism is actually the increase in national wealth by allowing free and unrestricted exchange of goods and services in domestic and international markets. ... That is why the advocates of the "free market" in today's international economy are regarded as Liberals. It is because of these ideas that the liberal views best describe the international community in both the political and economic sense. ... This can be interpreted through Newton's laws of motion, where his third law states that "for every action there is a reaction". ... In international politics the actions of...

• Word Count: 269
• Approx Pages: 1
• Grade Level: Undergraduate

HK versus Singapore as International Financial Centres: its strengths and weaknesses An International Financial Centre (IFC) is a collection of markets that trade financial services or products and help to allocate resources or property rights efficiently. ... As a fundamental element, both have a well-established and widely accepted legal framework, based on the English common and contractual law system. ... The system is more easily understood and accepted by the rest of the world and international financial community. ... All the above factors of strengths are necessary in order t...

• Word Count: 1965
• Approx Pages: 8
• Grade Level: Undergraduate

Free trade concept is known as international trade without interference or barriers from governments. ... Smith believed that free trade will change the international commerce. ... And since that time economists have been arguing whether or not that free trade will be the best for an international economy. ... The production of a product in countries with strict pollution law will be more costly than producing the same product in countries that does not have strict laws against pollution. ... In addition, counties with strict pollution law will be affected in the way of employment. ...

• Word Count: 1260
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

These rules had three principal objectives: to avoid restrictive practices and agreements;6 to prevent large businesses from abusing their market dominance;7 and to apply similar rules to the public sector.8 To be more specific, Competition law covers most of the aspects of economics such as goods, services and intellectual property rights. ... Following from this, it is worth mentioning that it is possible for EU Competition law and national law to co-exist.9'10 In other words, under the regime introduced by Regulation 1/200311 the Commission shared the competence to apply Articles 101 ...

• Word Count: 1960
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

Pros of Outsourcing A energetic American economy can only be achieved by participating actively in the international economy. If the United States enacts protectionist laws against offshoring, other countries will pass similar laws and the American economy will suffer. ... Also, offshoring permits individual businesses to build bridges, to make international contacts and thus to expand their markets . ... Outsourcing and manufacturing provide businesses with many benefits include: - Good international relationships - Access to low wages - Enlarge markets - Develop core skills - Improved eco...

• Word Count: 580
• Approx Pages: 2
• 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

An exchange rate of one-to-one with the dollar had been fixed by the law and every peso from the central bank was backed by a dollar of liquid assets like US treasury notes. ... Argentina needs a large scale international monetary aid and must develop an endurable economic plan in order to take proper fiscal and monetary measures to come out of the recession and the economic quagmire it has entrapped itself in. The IMF and US have set a number of conditions in order to enable Argentina to qualify for such international loans such as overhauling its tax system, fixing the problem of provincial ...

• Word Count: 506
• Approx Pages: 2
• Has Bibliography
• Grade Level: Graduate

Poland's laws allow foreign investors to easily transfer any profits from operations in Poland. ... Along with a growing international presence and EU membership, Poland's economy is strong and growing. ... While Poland presents as a major EU partner with a stable government and more investor friendly climate with an easy tax structure and friendly laws India presents a rich pool of qualified and talented workforce. ...

• Word Count: 1363
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• Has Bibliography

He studied law at the University of the Philippines and graduated cum laude despite the rough obstacles along his way. ... Although he discouraged labor strikes and other disruptive, he made sure to organized conference to make adjustments of wages, incomes and labor standards thus consolidating labor laws into Labor Code. ... In economic and industrial reform, one of the most important reforms on the economic sphere was the increase in the access of the country's development program to steady sources of international finance esp. during the 1970s. ... He moved the country forward in the ...

• Word Count: 589
• Approx Pages: 2
• Grade Level: Undergraduate

However, the focus of Menem's 1991 reforms was the "Convertibility Law", which pegged the Argentine peso to the U.S. dollar at a one to one ratio. By adopting this policy, the hope was a control on the country's hyperinflation and a restored confidence in both Argentine citizens and international investors. ... By pegging the peso to a strong currency like the U.S. dollar, the confidence of the international community began to grow because foreign investors believed they could invest in a growing economy without the fear that the purchasing power or value of their investments would...

• Word Count: 728
• Approx Pages: 3
• Grade Level: Undergraduate

Globalization is usually facilitated by the significant lowering or removal of obstructions that normally hinders cross-border activities both through technological processes (especially in transportation and communications) and also the removal of policy and political hindrance (e.g. tax, investment restrictions, tariffs, labour laws, etc). ... In international relations, a state in its conventional structure is possibly most suitably described as a clearly distinct territory which: (i) is acknowledged internationally as a state, (ii) is presided over by a government able to construct and imp...

• Word Count: 2079
• Approx Pages: 8
• Grade Level: Undergraduate

INFORMAL SECTOR OVERVIEW The Characteristics of Informal Sector The concept of "informal sector" was firstly introduced by the International Labor Organization (ILO) in 1973, in its official report of its comprehensive employment mission in Kenya. ... They are often compelled by circumstances to operate outside the framework of the law, and even where they are registered and respect certain aspects of the law they are almost invariably beyond the pale of social protection, labor legislation and protective measures at the workplace. ...

• Word Count: 1027
• Approx Pages: 4
• Has Bibliography

However, the opposing view argues that the state is still a viable actor in international relations and international political economy and questions the nature of globalization. ... It will be suggested that the state remains central in handling national and international governance. ... In addition, it is thought that globalization results in governance powers being transferred to international organizations, and that globalization exacerbates environment problems and generate new military concern like terrorism. ... Accordingly, the nature of state has restructured form the welfare state th...

• Word Count: 1836
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

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. ... However, I firmly support the idea that globalization is an advantageous and sound international activity that should be continued. ... For example, during the twentieth century the United States had to rectify many labor laws and factories in order to better the welfare and safety of the w...

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

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 finance bank has been established in the private sector by the Aga Khan Network and the International Finance Corporation. ...

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

In the present business environment governments have the power to change and make laws, having a major role and influence on the business environment. ... The federal government has power over such areas as; company law, income tax, trade etc. ... They aim to have consistent economic growth, low rates of inflation, a sound international trading situation and low unemployment. ...

• Word Count: 425
• Approx Pages: 2
• Grade Level: High School

Christine Lagarde, the finance minister of France, is set to begin her five-year term as the International Monetary Fund's managing director and chairman next month after defeating Mexican Central Bank chief Agustin Carstens. ... Currently, the IMF controls monetary cooperation and exchange rate stability, as well as facilitating international trade and promoting economic growth (Rooney). Lagarde, a native of Paris, received her law degree before joining the Paris office of a U.S. legal consulting giant Baker & McKenzie. ...

• Word Count: 519
• Approx Pages: 2
• Has Bibliography
• Grade Level: Undergraduate

Globalization is not Effective for the US Globalization, according to the International Monetary Fund, is the "increasingly close international integration of markets both for goods and services and for capital" (Kegley Jr. and Wittkopf, 2004, p.267). ... The environment of the countries that corporations have moved to have also been exploited because these countries do not have any environmental laws in effect. In the Global South, forests have been cut down at increasing rates and they have begun to over-fish their waters in order to pay off their foreign debts, as well as debts to the I...

• Word Count: 1668
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School

As Vietnam has become more integrated into the global economy during this era of globalisation, Vietnam's economic growth has been affected by the international business cycle – fluctuation in the levels of economic activity in the world economy over a period of time. ... The Vietnamese is largely responsible for the damage caused to the environment due to the lack of laws regarding emissions, wastage and zoning, resulting in a decrease in the quality of the environment. ... The final impact of globalization on Vietnam's economic development has been closer ties with the region...

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

Whole heartedly I believed A fully globalize central economy is the way of the future, unfortunately, due to the current system of individual state governments, banks, and the lack of international fiscal policy, complete success is still impossible. If we as an international community could create a World government and international World Bank that would create policies to Stabilize international economy, provide a safety net for victims (of depression or recession), and create international trade laws we may be able to fully embrace, accept and benefit from the process of globalization....

• Word Count: 1230
• Approx Pages: 5
• Grade Level: Undergraduate

Some kind of 'cost benefit analysis' is not so easy when globalisation is perhaps the most over used and under specified concept in the international policy sciences since the passing of the 'Cold War'. ... Globalisation must not be seen as a homogeneous or totalising process but one in which economic, socio-political and cultural dynamics (both historical and immediate) and sub national, national, international and super-regional processes are all at work. ... [i]f we do not have greater equity and social justice, there will be no political stability and without politica...

• Word Count: 9082
• Approx Pages: 36
• Grade Level: Undergraduate