Trade secret

The U.S should have taken an Imperialistic role during the 19th and 20th century. The economy of America would be able to expand greatly due to the new trade opportunities. Expanding to other places would also help the military strength of the U.S. Also, the U.S would be able to share their religion and beliefs to other countries that were believed to be, less civilized than them. Taking an Imperialistic role in the U.S was a good idea in the 19th and 20th century. There are multiple reasons…

Increased productivity- Efficient public transportation improves connectivity in metropolitan areas and reduces constraints on growth, such as congestion, environmental quality, and safety, by moving more people within the space available . This leads to economies of scale, as the increased connectivity and decreased constraints on growth allow for a higher concentration of businesses and more clustering of activities. This agglomeration reduces labour costs, improves communication, lowers…

Globalization effects all living beings on the planet, including humans, yet many have trouble understanding what it really means. Laurence Rothenberg’s article “Globalization 101: The Three Tensions of Globalization,” illustrates that three tensions, individual choice and societal choice, the free market and governmental intervention, and local authority and extra local authority, make up globalization. In another article written by Thomas L. Friedman “Globalization: The Super-Story,” he…

century. The liberalization of domestic economies, and the strengthening of co-operative regimes in international trade and finance, and the transnationalization of corporate structures have all contributed to this dramatically accelerated growth of globally integrated market structures. It has been the defining feature of the late twentieth-century, exemplified by sharply increased trade in goods, inter-connected financial markets and large-scale international migration. Globalization is…

markets. Technology and policies, both domestic and international, are the driving forces behind globalization. A more interconnected world is inevitable with continuous technological advances. Technological advances have certainly made international trade possible for developing countries thus the potential for improving quality of lives. Globalization also depends on both good domestic and good international policies. Without good domestic policies international repercussions are…

Zheng He was an admiral tasked by the emperor in 1405 to lead a fleet of ships down the coast of China to India. This was the first of seven voyages that would take him a total of 28 years to complete, leading him from the southern tip of China to the western front of Africa. As a result of these voyages, relations were created with other countries, sea routes were secured, and China’s power was asserted over the region. (For example) due to the travels of Zheng He, China received many tributes…

Before of World War 1 there was significant inequality, however after WW1 inequality fall due to many countries adopting some source of protectionism. While factor-price convergence could be good for countries entering free trade agreements. Wages for jobs converge may not be a good thing, convergence may results in a drop of unskilled wages in one of those countries with previously high unskilled wages, and increase of wages on the other country with previously low unskilled…

Although the main goal of President Donald Trump’s trade policy is to “expand trade in a way that is freer and fairer for all Americans”, I question whether Trump genuinely wants to enrich the lives of all Americans through more transparent trade or whether he wants to provide more opportunities for the wealthiest of Americans to thrive economically, leaving lower-income Americans in the dust (1). The Trump administration seeks to work with Congress “to lower taxes… to stimulate U.S. economic…

changed the course of migration over the years. Globalization is defined as the development of an increasingly integrated global economy market especially by free trade, free flow of capital, and the tapping of cheaper foreign labour markets (‘Globalization’ n.d.). The evolution of technology has helped to spur a rise in international trade, investment and migration (Globalization 101 n.d.b). Migration is defined as the process of the movement of people across or within the borders of a nation…

Price-gouging that occurs after an emergency, such as hurricane Harvey, has its obvious ethical dilemmas, but free market economists argue that it prevents scarcity. Laissez-faire economists believe that when quantity demanded increases the price must also rise because the higher price will become a necessary incentive for suppliers. They claim that when there is a scarcity, the distribution of goods and services are best done in a free market economy. The pricing system that is vital to the…