Category: Trade
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International Business: Sino-American Trade War
Introduction International business is the field that studies the trade of goods, capital, and other significant items across borders on a global level. The news article selected for this review is the one presented by Ben Chapman. The author addresses the most recent news on the so-called trade war between the U.S. and China. The…
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Fair Trade Organized Social Movements
The main purpose is to convince people to join the ranks of fair trade ambassadors. The audience consists of people who are not yet in the ranks of the ambassadors. They need to know that fair trade is an organized social movement that advocates fair standards of international labor, environmental, and social regulation, as well…
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Trade Wars: Who Can Stand the Pain the Longest – China or the USA?
Introduction It could be stated with certainty that within the last decade, the international economic landscape has undergone considerable changes, the start of which was marked by the global economic crisis of 2008. According to Hirakawa and Aung (2011), the importance of the newly emerging economies has increased significantly as they strengthen their international influence…
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Bhutan’s Trade and Exchange Rate Policies
Table of Contents Introduction Bhutan’s current trade problems and exchange rate policies Areas of Improvement Conclusion Bibliography Footnotes Introduction Bhutan is a landlocked country located in Southern Asia, between China and India. Presently, it is classified as one of the Least Developed Countries (LDC). Close connections with India were conditioned by the 1949 treaty allowing…
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Multi-Fibres Agreement and Free Trade in Textile Sector
Introduction The textile and clothing (T&C) industry has always been an opportunity for developing countries to industrialisation with low-value-added goods. Since the industry requires a lot of labour, it favours well in a population with a large number of mostly unskilled workers, women and children. Until recently, it had remained the only major manufacturing industry…
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North American Free Trade Agreement and Employment
Table of Contents Has NAFTA Resulted in Lower Employment in U.s.? Impact of NAFTA on U.S jobs References Footnotes Has NAFTA Resulted in Lower Employment in U.s.? The North American Free Trade Agreement (NAFTA) is a trading block comprising of countries that makes up North America. It mainly comprises of member states Canada, Mexico and…
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The United Arab Emirates and International Trade
The United Arab Emirates (UAE) has become one of globalization’s most prominent economic success stories thanks to its diversified economy. Oil profits and long-term pro-business policies have allowed UAE to create a robust infrastructure that supports the development of non-oil sectors like manufacturing and transportation and more fruitful participation in international trade (Mishrif 16). As…
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Encourage Fair Trade in Scotland
Table of Contents Executive Summary Introduction Concept of fair trade Operating benefits at procurement and trading levels Main items in agenda of Fairtrade Socio-economic and infrastructural benefits Conclusions Bibliography Executive Summary The main purpose of this essay is to enlighten the reader about the genuine efforts an organisation called Fair Trade is undertaking to streamline…
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India’s International Trade Policy
Table of Contents Balance of Payments: Analyses and Implications Trading Relationships (Membership in Trading Blocs) Top Exports and Imports Foreign Direct Investments (Inflows, Outflows, and Stock) Tariff Policies (Country Average) Non-Tariff Barriers References Balance of Payments: Analyses and Implications In the first quarter of 2021-2022, India’s current account balance experienced a surplus in the balance…
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The US Trade Deficit as a Current News Issue
Table of Contents Current Issue: US Trade Deficit What Is Trade Deficit? The Meaning of Trade Deficit References Current Issue: US Trade Deficit Recently, such news outlets as Reuters, CNBC, and Market Watch have reported that the US trade deficit has reached its highest record. According to Mutikani (2021), in August 2021, the US trade…