International trade

LEGAL ISSUE World Trade Organisation (WTO) figures for 2008 indicate that worldwide merchandise export trade amounted to just over AU$18 billion and the import trade to AU$18.5 billion. These figures are roughly 100 times more than 45 years ago (Global Sales and Contract Law, 2012). At the dawn of the 21st century when commerce is more integrated than ever before and jurisdictions are attempting to make themselves more commercially flexible, exercises aimed at rendering the common law less…

growth of international communication and advance in data processing, making a global market open 24/7. FDI plays an extraordinary and growing role in the global business. It can provide a firm with new markets and marketing channels, cheaper production facilities, access to new technology, products, skills and financing. Any decision on investing is a combination of a number of key factors including: assessment of internal resources, competitiveness, market analysis, market expectations, trade…

The twelve-member club comprises of The US, Peru, Canada, Chile, Mexico, Australia, Brunei, Japan, Singapore, Malaysia, Vietnam and New Zealand. Its aim is to “deepen trade by addressing matters like government procurement, intellectual property protection and the conduct of state owned enterprises. It is also meant to update trade agreements including post-WTO developments like e-commerce and cloud commuting.” (Financial Times, 2013) It will remove tariffs and standardize business practices…

The Flaws of Free Trades What is Free Trade? According to the Merriam Webster dictionary, Free Trade means “a system of trade between nations in which there are no special taxes placed on imports”. This enables countries to trade on their exports and imports without government intervention. Free trade also means that there will be no form of authority or control to balance out the traders. Economists advocate for free trade because it predominantly benefits both countries. This allows most of…

improvements to free trades, the increase in jobs, lower prices for consumers and many others improvements. On the contrast, there are cons that follow globalization like in general people believe it makes the rich even richer, contributes to jobs lost, and pay cuts. Most economists…

billionaires. To a great extent, Ma Yun is a legendary one of them in China, because of the significant growth of his company, Alibaba Group. Alibaba was founded in Hangzhou in 1999 (Alibaba-Group, 1999) and it is one of the largest platforms for online trade and business communication now. Alibaba is based on online platform and started in e-commerce B-to-B (Business to Business) model but it is Alibaba is no longer limited to B2B model only. Alibaba seems to be an Internet e-commerce company.…

Brussels still presents itself to be an extremely well area to begin an up and coming international delight such as Chipotle Mexican Grill’s (CMG). Chipotle Mexican Grill’s (CMG)s quality of food presents itself to be extremely healthy, especially with the non- GMO ingredients that many consumers are in pursuit of. Along with this and many other…

“AN ANALYSIS OF THE IMPACT OF INTERNATIONAL CROSS CULTURAL MANAGEMENT IN RADIANT APPARELSPVT LTD” 1. Theoretical background of the topic Cross culture is a vital issue in international business, as the success of international trade depends upon the smooth interaction of employees from different cultures and regions. Globalisation, internationalization, trans-border trade and cross cultural business are all terms that have been coined over the past decade(s) to reflect the reality of the world…

Opportunities, and Challenges involved in a multinational firm for carrying out international business. It involves specifying the objective of the multinational company and identifying the external and internal environmental factors which are favorable and unfavorable to achieve that objective. The SWOC analysis provides information that is helpful in matching the firm’s internal resources and capabilities to compete in the international business scenario [24-26]. The SWOC Matrix A…

global trades and international opportunities. Although globalization brought us uncountable benefits and welfare, we should not ignore the down side of the globalization. Globalization is a contradicting and complex process, but indeed globalization could have both positive and negative effects on the society. The rising trend of the digital media around the world is making technology the main driving force of the globalization. Technology made the world seem smaller. As an international…