International trade

Efficiency of the Port is essential in the facilitation of trade. The Customs Services Department of the Kenya Revenue Authority (KRA) principal function is revenue collection. In addition the Customs Services Department is mandated to facilitate legitimate trade; protection of the country from illegal entry and exit of prohibited goods. The huge volumes handled and the high cost of doing business requires enhanced trade facilitation. Trade facilitation enhances the country’s export…

In this assignment, each student was to independently identify a business or organization that actively trades with Canada. During the selection process, one of the most popular online book companies in the United States was chosen for this investigation. Throughout the research process, information was gathered according to what was learned in this section of the unit. As a result, a formidable understanding was gained with regard to the interdependence of Canada and the United States. This…

Yuan compared to the U.S. dollar, in addition to making it illegal to trade the Yuan outside of the boarders. Through China’s centralized government they have been able to predict and manage their economy in respects to growth and employment opportunities. Because of the stronghold control over the Yuan, the Chinese economy has been able to experience tremendous growth. This growth was contributed mainly due to the remarkable trade surplus that was a direct result of having a fixed rate with…

an economic order, that day by day affect developing countries, decreasing the quality of life of their people. In 1970, a new economic model was implemented, called “globalization,” a model that integrates and regulate how the international community interact. This trade agreement represents an agreement between states to exchange with one and another by most-favored nations status and to negotiate business deals by reciprocity (Rosenthal, 260). This global interaction has been regulated by a…

still practiced today. Firstly, to identify what countertrade is as explained by Keegan and Green (2015, p. 374) is when international markets are forced to pay exporters of goods and services by means besides money. The purpose of countertrade in some countries around the world is from hard currencies running scarce and there are no other ways for payment. From an international company perspective for instance, if one is not able to pay for goods…

the global stage many things. Increased international trade, expeditions, and colonization defined this section of history. New developments were occurring in many places, influencing future order and economic promise, even today. To start, European power grew immensely at this time. Western Europe continued to flourish, producing a series of explorers that would greatly affect both people’s scope of the world and set a new precedent for international trade. Among the famous explorers from…

first theoretical illustration of the relationship between institutions and trade. They found that the lack of enforcement of contacts may serve as the customs duties on risk-neutral traders and decrease in trade. Using gravity models, Anderson and Marcouiller (2002) lend empirical support to the impact of the quality of institutions on trade. They argued that weak institutions acted as significant barriers to trade. Increasing the transparency of the trading environment through greater…

Military spending includes: activities of the Department of Defense, war spending, nuclear weapons spending, international military assistance, and other Pentagon-related spending. The U.S treasury divides federal spending into three groups: mandatory spending, discretionary spending and interest on debt. Mandatory and discretionary spending account for more than…

economic policy is also a part of strategies for Japan to become a superpower. Global emphasis is the key world. Since his presidential inauguration, Abe has visited 49 countries by 2014 (Gabriel). One of the main purposes of his foreign trips is to trade promotion, and the Japanese government calls it an economic mission. By accompanying the Prime Minister, Japanese corporations can promote and expand their market in the global economy. Globalization intensified the competition at the global…

The reason they strived in the international trade market was because they dropped their transaction costs. Western Europe then opened different routes to worldwide trade. They controlled the international market with their strategy and innovation. Different bankers and merchants dominated the trade routes that transported raw goods along the Baltic Sea, North Sea, and major rivers” (Isaac, 1-2). A new eastern trade route ended the domination by the Ottoman Turks. This was…