International economics

both domestic and international, are the driving forces behind globalization. A more interconnected world is inevitable with continuous technological advances. Technological advances have certainly made international trade possible for developing countries thus the potential for improving quality of lives. Globalization also depends on both good domestic and good international policies. Without good domestic policies international repercussions are unavoidable. Economic integration as well…

Figure 4: The Historical Processes of Competing Interests in International Relations Source: Social Forces, States and World Orders (Cox, 1981: 138). Figure four indicates that social forces, forms of state and world orders are interdependent in the completing interests in international relations. Social forces form the base of the ABSM, and the ideologies are essential to the deliberation process in democratic practises. The form of state represents the political institutions and material…

the article, where he gave an example of NAFTA where he talked about the effect of trade between US and Canada. Merchandise trade levels between Canadian provinces were built-in “home bias”. Although NAFTA helped reduce this ratio of domestic to international trade from 10:1 to 5:1. This shows the nationalism is yet overcome to reach the…

Extended Response: Economic Inequality In the 20th Century globalization has been a positive thing nationwide, but it doesn’t only have positive aspects, it also has causes and effects. As you can see globalization has two sides the good and the bad. The good side is all about the productions and opportunities open market creates. On the contrary, the bad side of globalization is also about credit, rising money that flows easily across local and national. In the first place, globalization…

The comparison between the neoclassical economics advocated by Kenneth Arrow and information economics by George Stigler show the different point of view towards the function of market and the economical mechanism to fix the market failure and improve the economic performance and social welfare. The two points of views differs mainly on whether the government should way in when the economy is facing trouble and need to resolve some market failures that are currently affecting the well-being of…

Within about half a century, the economic development of various major regions on this planet have seen tumultuous change not yet seen in the past millenniums, with overall positive result. This of course came from policies after the second World War which include reduction of global trade restrictions, more open international diplomacy, and increased telecommunications; which can be summed up as a process called globalization. By these means, here has also come several externalities which were…

the years. This movement that continued unabated for three decades (approximately 15 million Bangladeshis have immigrated into India since the independence of Bangladesh ) attracted public and political attention only when economic and…

1. GENERAL INTRODUCTION The International business environment includes globalization, environmental crises, technology and demographic changes. Over the five years, the fast food industry has been growing in spite of the slowing economy and increasing awareness of people on the health issues. According to IBIS world forecast, the fast food industry will move forward profitably till 2020. The U.S. based fast food chains are rising very steeply which will result in industry growth as new…

commodity and raw materials such as oil and metal resulting from a supply glut and Glencore’s biggest earner, copper, is at its six-year lows after an economic downturn in China. Application of concept This article relates to economic environment due to the constraints facing the company put on by globalization, emerging markets’ insipid economic growth affecting the firm’s investment and profits and depreciating Chinese currency increasing market competition levels for copper. U.S. Energy…

Globalization can be defined broadly as the economic, political and cultural integration of people and nations into a larger, interdependent society. As the term implies, the focus is not on individual countries, but on the world in its entirety. Thus, it is a complex process that involves the movement of goods, services, capital and information across international borders, as well as the diffusion of political, cultural and intellectual discourse. Although this process is considered by many as…