Trade routes

Globalization is the description given to the linkage between countries around the world and how they’re becoming more connected economically and culturally. Globalization causes competition between companies within a country and international competition. Thomas L. Friedman, the author of, “The World Is Flat: A Brief History of the Twenty-first Century,” comes up with an analysis of modern-day globalization. The title, is more specifically a metaphor which Friedman came up with, after hearing…

able to use cheap Chinese goods due to open trade. 4. Global prosperity and flow of productive resources: Benefit of both M/s Sun Shine and its customers is there because there will be exchange of raw materials and other goods with each…

Globalisation is a movement trend in the whole world that is working towards integrating in sectors such as economic, financial, trade, and communications. The concept looks at opening up local and national markets to other countries through an interconnected and interdependent world that enables free transfer of capital, goods, and services across nations. Critical Evaluation Globalization has managed to integrate different world economies, including people and companies in different…

The Middle Passage is the 2nd leg of the triangle trade (a trade route from England to the New World) that carried enslaved Africans and many goods across the Atlantic Ocean. The Middle Passage could be considered one of the worst things that could happen to a slave during their lifetime. The conditions were terrible, and resulted in many deaths. The triangle trade started in the late 16th century, and continued to run until the late 19th century. African slaves were kidnapped from their homes…

Slavery is caused by the same thing that caused all the exploration of the new world, a way to make more wealth. The slave trade became very common through a travel route under the name of the Triangular Trade route, which is the route that European merchants would take when buying and selling slaves. A European merchant would come down to Africa, purchase many slaves and take them to the new world. When they got to the new world, they would sell them for goods and other things. They would then…

firm belief that it will eventually unite the workers of the world against capitalism. As Marx and Engels had correctly anticipated in their Manifesto, economic liberalisation and globalisation do not remain restricted to the world of international trade and commerce. They also bring the passions and aspirations of the new and the old into conflict, leading to complex dramas playing out in each context with its resolution still unknown to the players. According…

Free trade and globalization have propelled the world forward since the 20th century, and have thus been encouraged by the leading economies of the world. Major worldwide institutions such as the World Trade organization, the World Bank, and the International Monetary Funds promote free trade across the globe. Largely, these institutions believe free trade ameliorates poverty on a global scale and is the key to bettering human life in the future. However, in recent years there has been a…

partners are significant impacts on own country’s economy activities either in positive way or negative way. According to Ibrahim (2003) that this issue can be explored through two mechanisms such as business cycle transmission, and International trade and capital flows. Ibrahim had estimated industrial production (IP) growth, consumer price index (CPI), M2 growth, exchange rate, Malaysia T-bill and US federal fund rates over the monthly data of January 1977 to August 1998 in both Malaysia and…

MARITIME PIRACY AND ARMED ROBBERY The importance of the oceans and seas are essential to running a trade that can bring improvement economy of a country, for trade in goods globally and maritime transport activities. International trade has been increasing the number of negative impact of the increase in the exposure and vulnerability of international shipping. These problems have caused a potential target for piracy, armed robbery and other crimes (Rodrigue, 2013 as cited in United Nation,…

E INDICES 1. Trade Complementarity Index The trade complementarity (TC) index provides significant information on opportunities for intraregional trade. It shows how well the structures of a country’s imports and exports match. It also has the feature that its values for countries considering the formation of a re-gional trade agreement can be compared with others that have formed or tried to form similar arrangements. Where xij is the share of good i in global exports of country j and mik…