INTRODUCTION Historically a caravan is a group of people traveling together, often on a trade expedition. Caravans were used mainly in desert areas and throughout the Silk Road, where traveling in groups aided in defence against bandits as well as helping to improve economies of scale in trade. Presently a caravan is a vehicle equipped for living in, typically towed by a car and used for holidays. Why Caravanning ? You don't have to be active or outgoing to go caravanning. Simply enjoying the…
The Silk Road should be called The Silk Road because one of first high retail forms of commerce and trade was silk. It was invented by Empress Xi Ling during the Qin dynasty, she was drinking tea when a cocoon dropped for a mulberry tree, as she pulled it out of her cup, the cocoon unwound and became a single shimmery strand of silk. Xi Ling then gathered more cocoons and wove it into a cloth, creating the first silk item, a silk cloth. The start of the Silk Road began in China therefore it is…
Global economic justice is a set of moral principles and obligations that guide economic policy. If implemented thoughtfully, it will produce the best possible economic outcomes for all inhabitants of our planet. The purpose of this discourse is to contrast two different approaches. The first approach is Hardin’s lifeboat ethics. In Hardin’s view, developed nations that adopt free immigration policies and give economic assistance to poor nations will pay a heavy price. By contrast, Murdoch and…
What are Barter Items? We are not a self-sustaining society. Instead, we have ‘evolved’ to the point where currency is exchanged for necessities and comforts. What if a natural disaster strikes where we would have to do without utilities, stores and so on. What if the financial world collapses as experts are predicting? What if your money can’t buy anything? Barter items would become more precious than gold. That’s what! In preparation for such catastrophic events, it would be prudent to begin…
In 1793, the Qing scholar, Ji Yun (1724 - 1805) commented on the vagaries of price and of supply and demand for luxurious and exotic products: The value of things is dependent on the fashion of their time and [hence cannot be] fixed. [I] recall when I was young, ginseng, coral and lapis lazuli were not expensive, [but] today [they are] increasingly so; turquoise and tourmaline were extremely expensive, [but] today [their prices are] increasingly reduce. From the mid-nineteenth century,…
different route in determining what compels a state to participate in international trade. Focusing on US exports they find that political influence from CIA interventions were used to increase demand for US products in areas where there was a comparative disadvantage. In their study the independent variable is the level US government influence on other states and the dependent variable is the annual bilateral trade level between the US and said state. They measure international trade (using the…
College AJS 225 Gary Ridgway Gary Leon Ridgway aka “green river killer” was born in Salt Lake City, Utah on February 18, 1949. Ridgway targeted runaways and prostitutes along state Route 99 in south King County, Washington. In 1982 and admitted in an interview, there is over 75-80 murdered woman and several unfound bodies. Gary Ridgway grew up in SeaTac, Washington by both his father Tom Ridgway and mother Mary Rita Ridgway…
International Business Strategies The following paper will address and explain international business strategies and the various ways companies use business strategies to achieve international success. The paper will explain the benefit international business strategies create for companies and the importance for companies to use the correct strategies according to their overall company strategy. Overview of International Business Strategies Companies and individuals must have a plan in…
In 1497 Portuguese mariner Vasco Da Gama set sail to find a sea route to Asia. He went slowly down the West African coast, around the tip of South Africa, and up the East African coast and landed in Calicut, South India. They found an ancient and rich network of commerce that stretched from East Africa to China. Asia offered many tropical spices that were desired in Europe, such as cinnamon, nutmeg, mace, cloves, and pepper. These spices were used mostly as condiments and preservatives. Other…
locations. For instance, this trading is evident through the famed Silk Road across Central Asia connecting China and Europe during middle ages. However, policy and technological developments of past few years have spurred increases in international trade, investment, and migration extensively that many observers believe the world has entered qualitatively new phase within economic development. The policies have driven the recent wave of globalisation due to which economies are opened…