Non-Accelerating Inflation Rate of Unemployment (NAIRU)

NAIRU, which is the non-accelerating inflation rate of unemployment represents the rate of unemployment at whish inflation will stabilise. The NAIRU theory was used to explain the stagflation phenomenon of the 1970’s when the Phillips Curve could not . According to the theory it is explainable why there is a simulataneous high unemployment and high … Read more

Result of speculation

Speculation, which involved driving up prices on desperately needed consumer goods, was both rampant and roundly condemned in the Confederacy during the American Civil War (1861–1865). Along with conscription, the so-called Twenty Slave Law, and impressment, speculation helped to undermine support for the war among the less wealthy, in particular. Appalled at soaring prices, Virginians … Read more

Global Waste Trade

In this advanced age of urbanization and industrialization, the volumes of producing wastes are increasing alarmingly. According to The World Bank, 1.3 billion tonnes of waste was generated globally in 2012. Hence making the footprint of one person 1.2 kilograms of waste per day. Nonetheless, at this continuous rate of waste generation, it is predicted … Read more

The Tamil language

Tamils consider their language to be the “most pure” of the major Dravidian Languages (http://www.encyclopedia.com).Tamil is definitely not a popular language so I am going to share information about countries with Tamil speakers, how Tamil is used for trade, statistics on Tamil, how the Tamil language affects the government, the culture of Tamil and the … Read more

Ancient Egypt trade analysis

Trade has always been a vital aspect of any civilization. The Ancient Egyptians were wonderful traders. Ancient Egypt was a country rich in many natural resources but still was not self – sufficient and so they had to rely on trade for necessary goods and luxuries. The Natural resources and raw materials of Ancient Egypt … Read more

Characteristics of global trade

Characteristic of global trade[edit]Trading globally gives consumers and countries the opportunity to be exposed to new markets and products. Almost every kind of product can be found in the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies, and water. Services are also traded: tourism, banking, consulting, and transportation. A product that is … Read more

Criterias For Evaluating The Channel Alternatives

To evaluate the channel alternatives using the 3 criterias, first the company should identify its major channel alternatives in terms of types of intermediaries, number of marketing intermediaries and lastly the responsibility of each channel member. First are the types of intermediaries. A company should identify the types of channel members available to carry out … Read more

Ancient Egypt trade analysis

Trade has always been a vital aspect of any civilization. The Ancient Egyptians were wonderful traders. Ancient Egypt was a country rich in many natural resources but still was not self – sufficient and so they had to rely on trade for necessary goods and luxuries. The Natural resources and raw materials of Ancient Egypt … Read more

North American Free Trade Agreement

In January 1994, the United States, Mexico, and Canada implemented the North American Free Trade Agreement (NAFTA). The goal of NAFTA is to create better trading conditions through tariff reduction, removal of investment barriers, and improvement of intellectual property protection. NAFTA continues to gradually reduce tariffs on set dates and aims to eliminate all tariffs … Read more

Free Trade Essay

In an economic age in which speedy transactions of imports and exports are essential, is free trade a necessity for aiding worldwide economic development? At least John F. Kennedy thought so, he being the initiator of removing tariffs and other limitations on U. S. imports. His hypothesis was that by doing that, other nations would … Read more

The US Trade and Development Agency

After going to the Tradeport website, I have decided to do my paper on a US federal government agency. I explored a few of the agencies and decided to choose the US Trade and Development Agency. The US Trade and Development Agency (TDA) is a small independent agency. It is comprised of about forty-one people. … Read more

North American Free Trade Agreement

On January 1, 1994, Canada, Mexico and the United States passed the North American Free Trade Agreement (NAFTA). Promoted to Congress by the Clinton administration, with the assurance that it would give rise to more jobs – exactly how many though, is not precisely known. Yet, according to the Journal of Commerce, the U. S. … Read more

Free Trade vs. Protectionism

One of the greatest international economic debates of all time has been the issue of free trade versus protectionism. Proponents of free trade believe in opening the global market, with as few restrictions on trade as possible. Proponents of protectionism believe in concentrating on the welfare of the domestic economy by limiting the open-market policy … Read more

The Good, The Bad, The WTO

On May 19,1948, the General Agreement on Tariffs and Trade or GATT was created. This was not an international organization but an inter-governmental treaty. This provided the framework for the conduct of international trade. But this expanded and grew yearly and in April 1994, in the Uruguay Round of Multilateral Trade Negotiations expanded on the … Read more