Triangular trade

Abstract Tourism is an international activity that includes a combination of economic, political, social and environmental factors with more and more complex consequences. The touristic development creates economic benefits and costs from country to country and from region to region. This is mainly attributed to at the different economic structures of the countries or regions of touristic destinations and by their geographical position. The Historic and cultural objects play an important role in…

Based on subtopic 1 that emphasize about competitive advantage from Michael E Porter that said competitive advantage is economic situation that make a firm become more superior than its competitors in term of various perspective such as superior market position, skills, resources and many more. This theory also address some of criticism of other theory of international business which is comparative advantage. As mention in subtopic 1, comparative advantage theory is concept in economics that a…

SITI ZUBAIDAH BINTI NORDIN (S 38525) 2.6 CONSUMER ETHNOCENTRISM Consumer ethnocentrism is defined as the beliefs held by customer about the appropriateness, indeed morality, of purchasing foreign-made products (Joe Lopez & Ashutosh Zunjur, 2016). This means that customer who is having that attitudes trusted that buying product from abroad is unpatriotic, causes loss of jobs and abuse the domestic country. But the study indicates that Indian consumer who are ethnocentric tend to have the positive…

During the first class of exporting management, I have learned some basic knowledge about the exporting such as the definition of exporting, the incentives of exporting and different export modes. I knew that the role of exporting in the internationalization process is a stepping stone but not necessarily the first international activity. In order to understand the role of exporting, we need to find some common patterns in the internationalization history from different firms. In my opinion,…

of the law some people will be sent to jail for the abuse of a singular pet, yet very rarely are people imprisoned for the torture of thousands of animals when due to the cruel trade of live exportation. However, it is unreasonable and unrealistic to immediately cease the exportation of animals. If the live export trade is banned immediately, it will incur negative repercussions for animals that would have been exported to foreign countries. If the exportation comes to an immediate cease the…

allows private firms to partner with the International Trade Administration (ITA). Through ITA’s strategic partnerships, private firms work with ITA to develop an event, program, or resource, in support on increasing awareness of educational resources and export knowledge. This helps ITA educate the public on exporting, and helps private firms by educating their clients while increasing their brand presence. The Office of Strategic Partnerships is under the division of Industry and Analysis; of…

Introduction As the world marketplace becomes smaller and more connected through digital technology, increased cultural interaction, and greater travel, new market opportunities continue to emerge, whereby organizations can leverage new demographics in other parts of the world to expand the reach and marketshare of their product. From sports and entertainment to food products and technological applications, international product and culture exchange is occurring faster and producing subsequent…

The need for people to exchange goods and services has long existed even before money as we know it today was invented. Through time, people have devised ways to make trade or exchange of goods more convenient. The barter is the most ancient and primitive form of trade. In a barter economy, no notion of money existed. Goods were exchanged directly. One needed to find an individual who had the goods you were looking for and at the same time was in need of the goods you had. It is easy to see how…

working people. The purpose for globalization is to provide free trade from around the world, the creation of a worldwide market so that consumers have access to products from different countries, and the ability to move labour from country to country to market their skills. Globalization to me is seen as a positive for the world and the near future as we get to collaborate with other countries so that our economy may flourish.…

How different factors of globalization affect personal identity? How does globalization affect your personal identity? Globalization affects everyone's personal identity differently. Everything including the foods we eat, clothes we wear, what stores we shop at, what we think of everything around us and our religion etc… What is globalization? Globalization is when a business/ organization develops to operating on an international scale. Why is globalization important? Globalization creates…