(855) 4-ESSAYS

Type a new keyword(s) and press Enter to search

World Trade Outlook 2002

            
            
             On the stage of world trade, it is necessary to mention the negative effects of the September 11th attacks on the inter-global economy. This was by far one of the most significant incidents that affected world trade, as well as China's inclusion into the World Trade Organization. Overall economists are predicting a slow-down in economy, worldwide. These recessions are mainly occurring due to the individual consumer's lack of faith in his or her own domestic market, due to a combination of factors. The trade between Western and Middle-Eastern countries has suffered significantly, and will also continue to be a problem for some time. The WTO's efforts are being undertaken optimistically as economists are hoping for a rebounding worldwide economy.
             One of the greatest issues facing the WTO this year is to rebound a slumping worldwide economy. The first issue that they"re focusing on, regarding the reparation of the economy, is the small businesses. Despite economists" predictions that small businesses will regain some momentum in mid-2002, the WTO is doing everything it possibly can to aid them. The first measure that it is taking on is the lowering of interest rates. This accomplishes two things for the small businesses. First of all it encourages small business owners or entrepreneurs, to take out loans, thus creating expansion. The small businesses then will hopefully gain the confidence of investors, who will in turn aid them in expansion as well. Another thing that the WTO is trying to accomplish is to raise consumer confidence. The fate of the world's economy rests in the consumers" hands. The first issue, in the recovery of the economy is to definitely secure small businesses, as they are in the majority over larger corporations.
             One of the more interesting stories this year is the inclusion of China into the WTO. This was a topic that was hotly debated for almost a decade before an official announcement in December of 2001.


Essays Related to World Trade Outlook 2002

1. Descriptive essay on 9-11

The act of flying two jet airliners into the World Trade Center was indeed an act of terrorism against this great country, but the response of Americans across the country showing their patriotism overpowered the loss of thousands of lives that day. ... While in school on the morning of September 11, 2001, I heard over the loudspeaker that a plane had crashed into the World Trade Center in New York City. ... Then a second interruption by the loudspeaker informed me that it was an airliner that was deliberately flown into one of the World Trade Center towers; my Latin teacher nearly fainted fro...

  • Word Count: 1352
  • Approx Pages: 5
  • Grade Level: Undergraduate

2. Brazilian Economic Outlook

With about one hundred seventy five million people, the country ranks fifth in the world in total population. ... In 2002, Luiz Inacio Lula de Silva, who is affectionately known to the Brazilian people as Lula, was elected to the office of the presidency on the workers party ticket. ... The election of "Lula" as president in 2002 brought about typical party divisions. ... It is also increasingly hard for some to get jobs, as unemployment rose for the third straight year to 8% at the end of 2002 as the country joins the world in an economic recession. ... The GDP was expected to rebound in 200...

  • Word Count: 3260
  • Approx Pages: 13
  • Has Bibliography
  • Grade Level: High School

3. International Trade Between Canada And Usa

Canada and the United States enjoy an economic partnership unique in the contemporary world. They share the world's largest and most comprehensive trading relationship, which supports more than two million jobs in each country. The 1989 US-Canada Free Trade Agreement (FTA) and 1994 North American Free Trade Agreement (NAFTA) (which included Mexico) have touched off a dramatic increase in trade and economic integration with the US. ... In the April 2002 Monetary Policy Report, the Bank of Canada noted the strength of demand for Canadian production. ... Canada's trade balance also affe...

  • Word Count: 2270
  • Approx Pages: 9
  • Has Bibliography
  • Grade Level: Undergraduate

4. India's Entanglement in the Global Economy

Moreover increased use of non-trade barriers and strategic trade policies attest to the fact that the General Agreement on Trade and Tariffs is breaking down in its ability to facilitate trade. ... The World Trade Organization (WTO) is the solution. The proposed World Trade Organization, like its predecessor GATT, seeks to foster multinational trade collaboration by increasing both the scope and enforcement power of the General Agreement on Tariffs and Trade. The WTO describes itself an agreement which seeks "trade without discrimination", with the intents of freer trade, transpare...

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

5. Economic comparison of England and the US

This will help in comparing the UK and US as it will take into account the trading that each country does with the rest of the world and will therefore give us a picture of how strong an economy it is. ... However this could change over the next 30-40 years depending on how the Euro fairs in world currency. ... This could affect Europe as most of the EU countries rely heavily on US trade. They are all open economies, and so a withdrawal of US trade could mean a major downturn in economic growth. An example of this would be in the Oil trade. ...

  • Word Count: 1453
  • Approx Pages: 6
  • Grade Level: High School

6. DAIMLERCHRYSLER AND ITS COMPETITORS

According to SIC3711.3713, Automobile industry includes new on- road volume-produced completed vehicles that carry cargo and passengers (U.S Industry &Trade Outlook 2000). ... The auto industry is among the biggest industry in the economy world. ... Manufactures shifted production facilities to developing countries to take advantage of less-expensive labor, reduce exposure to currency fluctuations and avoid trade restrictions. ... The CAAA also required the use of cleaner-burning fuels, including reformulated gasoline (U.S Industry &Trade Outlook 2000). ... DaimlerChrysler's automotive se...

  • Word Count: 928
  • Approx Pages: 4
  • Grade Level: Undergraduate

7. Foriegn Debt

Period Assets($m) Liabilities($m) Net Debt($m) 1996-1997 -94,218 302,846 208,628 1997-1998 -119,189 346,971 227,782 1998-1999 -129,150 359,839 230,689 1999-2000 -143,967 421,771 277,804 2000-2001 -185,967 498,775 313,472 2001-2002 -193,891 523,654 329,763 2002-2003 362,000 *a negative figure implies a surplus. ... In comparison to the US, a first world super power, the increase in total US debt was staggering. Between 1980 and 2002 levels of foreign debt trebled, from $10,000bn to $30,000bn. ... Yet another country to compare Australia to is our trade partner China. ... After com...

  • Word Count: 1354
  • Approx Pages: 5
  • Grade Level: High School

8. Nucor Analysis

Synopsis Nucor is the second largest steel producer in the United States and most profitable in the world with over 4.5 billion in sales annually. Nucor in the world's largest recycler, recycling over 10 million tons of scrap steel annually. ... An optimistic outlook is on the horizon for the sub industry of steel due to an estimated 5.5% gain for the industry as a whole in 2002. ... Recent issues involving trade regulation is a critical part of the long-term success of Nucor. Unfairly traded, illegally dumped steel imports have devastated the U.S. steel industry. ...

  • Word Count: 2482
  • Approx Pages: 10
  • Has Bibliography
  • Grade Level: Undergraduate

9. Germany

Federal Assembly elections were last held September 2, 2002. ... On the economic front, weak consumer demand, continued uncertainty over the outlook for the world economy, and geopolitical instability in the Middle East are likely to keep business investment subdued over 2003, despite the recent interest rate cut by the European Central Bank. ... Germans have a lot of expectations of themselves in the business world. ... The successful completion of an apprenticeship program leads to certification in a particular trade or work. ... (CIA-The World Factbook) The current GDP in Germany is $2....

  • Word Count: 1319
  • Approx Pages: 5
  • Grade Level: Undergraduate

Got a writing question? Ask our professional writer!
Submit My Question