The Silk Road was the name of a set of roads which were conveyed by ships and convoys between Europe and China. According to Halpern (2015). China launched its intercontinental ties based on three policies identified as diplomacy, near the ocean «Peripheral Diplomacy», strategies and initiative. The New Silk Road...
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Free Trade and Trade Agreements Free trade is an idea of a free market where a country eliminates trade restrictions on imports and exports. It is characterized by free movement of labour, free entry to markets and access to market information and conduction of trade without taxes (Bustos, 2011). Usually, trade...
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The United States as a Global Superpower The United States takes pride as one of the most formidable forces on earth for the last century. It has amassed significant power and asserted its position as the superpower. This position has pitted the country against many opponents in the past on various...
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The gradual pervasive view that the World Trade Organization (WTO) does not endeavor to its democratic obligations and hence has democratic deficit is an expression coined from debates in the European Union. Opinions regarding undemocratic policies by the WTO range from allegations that the body together with various...
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The Convergence of Transportation Congestion and Transportation Security at a U.S. Seaport Name of Author Institution of Affiliation Table of Contents Contents Abstract 3 Introduction. 4 Definition of terms: 4 Question. 8 Literature Review.. 8 Discussion. 12References. 24 Abstract International sea transportation of commercial goods is an important and sensitive part of the supply program in many organizations. Therefore, issues such...
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The Essentials of Economic Globalization and the World Trade Organization (WTO) This article talks about the essentials of economic globalization and the World Trade Organization (WTO). WTO is credited and at the same time blamed for the benefits and challenges associated with globalization. It defines globalization as an increase in international...
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In the 1870s and 1970s, the united states were self-sufficient in the use of raw materials to produce goods and services such as clothes and steel. The U.S relied on its raw material in production and many immigrants moved to the U.S and offered cheap labor for firms, leading to...
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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...
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Ferracuti (2000) defines the North American Free Trade Agreement (NAFTA) as a business treaty between Canada, Mexico, and the United States. The main reason for the creation of NAFTA was to eliminate any trade barriers between the member countries, such as tariffs. It is the biggest free trade treaty in...
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The History of Wine Trade: Rome, Ancient Greece, and Egypt Since Jesus Christ turned water into wine in a location that was closely linked to Egypt, Rome, and Ancient Greece, the history of wine trade can be traced back to 1348. Wine is the fermented liquor made from grapes that can...
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The African continent is known to have abundant natural riches in many areas. Since the Iron Age, people from outside the continent have been attempting to establish economic ties with different regimes. Resources were transported to the north to be exchanged for goods from outside the region through northern empires...
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The main focus of Fair Trade organizations is to improve the lives of those who are most disadvantaged in developing countries through market access. Fair Trade increases the pay and financial security of producers, facilitates access to credit, natural accreditation, and food markets, and generates profits by fostering auxiliary changes,...
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