International trade

When Tony Binns wrote “Dualistic and Unilinear Concepts of Development” he discussed the move of the definition of development to a benefit to mankind perspective away from the most commonly understood definition of development which was an economic one. Binns pointed out that development is now being regarded from the angle of fulfilment of basic needs. Binns’ opinion much like Truman’s opinion which he outlined in his inaugural address. He framed the role richer countries should play…

The democratic peace thesis argues that democracies are less likely to fight each other. While there is wide spread empirical support for the DPT, it is less evident why democracies don’t fight each other. There are two main theoretical explanations for the democratic peace: the normative and structural explanation. Maoz and Russett (1993) conducted empirical analyses to determine whether the normative or structural explanation best accounts for the democratic peace. In this essay, I will…

The approach companies make regarding advertisements is constantly evolving amongst today’s society and economy, resulting not only in a vast number of alternate versions of advertising, but also several contrasts in the ways companies approach their use of advertisement as well. A great example of this can be seen when looking at the contrasts of Michelin and Continental tire advertisements. The Michelin and Continental advertisements have similar use of pathos, however, they have contrasting…

The Situation Jack Solomon’s essay titled Masters of Desire: The culture of American Advertising was written in 1988. This piece is currently in the book Signs of Life in the USA which was edited by Sonia Maasik and Jack Solomon. This book was published in 2015 by Bedford/St. Martin’s. Jack Solomon is an English Professor at California State University, Northridge. In this essay Solomon examines the effect advertisement and advisors have on the American Dream. He started off with the paradox of…

India and China have become big players in the world’s economy in what seems to be overnight, due to such rapid growth. In The Elephant and the Dragon: The Rise of India and China and What It Means for All of US, Robyn Meredith lays out the history along with effects of this rise in India and China. One of the main questions is what should the United States do about this rise of what could be two new super powers in the world. China and India are transforming from poor and closed economies to…

The TPP (Trans­Pacific Partnership Agreement) is a proposed deal recently made public and is now awaiting approval from the corresponding governments. Just like its name implies, the TPP covers policies in Asia­Pacific countries. Some of the countries that the TPP covers are Brunei, Chile, New Zealand, Singapore, Malaysia, Vietnam, Japan, Australia, The United States, and Canada. The TPP covers a lot of sectors from copyright laws to medicine and even import and export regulation. One sector…

Confucianism In today’s world, people, religions and cultures are influenced in through the actions that occur. Some of the action going on in the world, such as Donald Trump’s constant negative banter, have negatively influenced the world. And some of the action going on in the world, such as a person offering to pay off all of a school’s lunch debt, spreads forth a positive influence amongst people in the world. There are many religions and philosophies throughout the years, such as Islam,…

Published in the The Journal of Law & Economics in 1985, George J. Stigler and Robert A. Sherwin’s “The Extent of the Market” focuses on using the movements of prices in separate markets to determine if it is only one market. Stigler and Sherwin use examples from the silver, flour, oil, and labor markets to present their method for determining similarity of price movements. To determine if markets are integrated, Stigler and Sherwin propose a test based on the movement of prices; this parallel…

Globalization and its Effects Introduction Globalization is a very broad term meaning it has several broad definitions. It’s a process of international integration due to an exchange of various products, ideas, worldviews and, culture. Globalization is on the rise currently due to various promoting factors such as transportation advancement, telecommunication infrastructure and most importantly the internet. The world is now like a village today and is sweeping away all political boundaries. The…

INTRODUCTION Through this project we have analysed the case of Serendipity Inc., an Indian company that is considering expansion into the overseas market by setting up operations in the Netherlands. The company is aware of the fact that many of its competitors have failed in their overseas expansion attempts mainly due to the cultural differences that come into play. By conducting a thorough exploratory research through online articles, journals and ebooks on cultural differences between India…