Essays on International Trade

The Importance of Stock Markets in Economic Growth The tremendous economic growth witnessed in developing countries over the last decade can, partly, be attributed to entrenchment and strengthening of the free market policies. Such policies include those designed to encourage local and international firms to list in the respective countries’ stock...

No nation on earth is self-sufficient by being in possession of everything its citizen’s demand calling for the need for international trade. Exports generate jobs and boost economic growth by giving domestic companies more experience to produce for foreign markets. Imports are beneficial since they lead to lowering of the...

Trade in the global economy (voluntary exchange of goods and services) only occurs when all the parties in the trade expect to gain from the business. There cannot be any trade if both parties do not stand to gain in the event of the trade. The different needs of the...

Importation and Exportation and Their Global Significance Importation and exportation are a global necessity since there exists no nation on earth that is self-sufficient and creates a peaceful co-existence as the citizens of different nations enjoy things from outside their countries. Until Donald Trump was elected as president, China and EU...

The US has accumulated a trade deficit amounting to $12 trillion in goods since 1990 (Corbat). Last year, for instance, the US had a trade deficit exceeding $800 billion in goods. However, the above figures are immaterial since the country exports more services to its trading partners. The relevance of this...

Heckscher-Ohlin trade theory and the theories of comparative and absolute advantage are used by economists in understanding the dynamics around interaction of nations through exchange of goods and services. Arguments around benefits from financial and economic interdependence date as early as the mercantilist era. The interdependence influences the cultural, military...

Currently, China and the US are the biggest economies in the world. The economic relationships between them are essential to the growth of the global economy in the future. However, the relationships between these two nations have been in constant conflict. Special interests group controls the US trade policy toward...

The Trans-Pacific Partnership (TPP) is one of the greatest economic hallmarks ever formed in history. The partnership was an extension of the Trans-Pacific Strategic Partnership Agreement (TPSEP which was established in 2005 (Petri 2012, pg. 40). TPP was originally constituting of 12 member countries before the withdrawal of the United...

WARD Company wishes to expand its operation to Greece. Understanding the business environment is critical to the success of the company in new markets. As a result, this paper presents a PESTEL analysis of Greece as the county of entry and Porter’s five forces to determine the attractiveness of the...

Globalization has turned into an across the board marvel in the last decade as in, no one is astounded any more to discover Coca-Cola in the most remote spots of the world or western the executives counseling firms in the center east, or brand apparel names, for example, Nike in...

In the article “China’s Export Engine Likely to Cool, Further Slowing Growth” (Deng 2018), the author observes that the Chinese economic growth has weakened owing to the uncertainty surrounding trade fights with the US. As Deng (2018) notes, exports have, for a long time, been China’s economic driver. However, the...

Technological advancement greatly impacts social lives, the conduct and performance of businesses, and the implementation of policies among other areas in different sectors. One such impact of technology is globalization which has changed and shaped the economy of many countries both under the developed and developing categories. Globalization is the...