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Business Asia Buy Stock Market Chinese Economy Company Formation Control Trade Free Trade Global Economic Import Product Trade Agreement Trade List World Economy

Marketing Concepts Globalization and World Trade

The Concept of Globalization Marketing and World Trade, and to organizations that promote the freer world trade. Such opposition may come in the form of certain government interventions. There are several reasons for such opposition. First, certain occupations and industries need to be protected from foreign competition (Hill, 2004). The United States provided protection to key industries such as automobiles, machine tools and steels in the form of Voluntary Export Restraints (VERs) in the 1980s, which also protected jobs (Hill, 2004). However, such a move is not justified because the price of this product turns out to be higher than the world price by reducing foreign imports, thereby reducing its global competitiveness (Hill, 2004). Another argument related to the opposition is the need to protect the baby industry with the appropriate tariffs, import quotas and subsidies until they are developed enough to compete on the global stage (Hill, 2004). However. read more »

Business Asia Buy Stock Market Chinese Economy Company Formation Control Trade Free Trade Global Economic Import Product Trade Agreement Trade List World Economy

Hong Kong Now Become Corporate Service Center World

Hong Kong has become a service center for companies (foreign as well as those from Hong Kong) doing business in China. The economic structure has since been changed dramatically over the last decade: the manufacturing sector accounted for only 5% of GDP in 2001, compared with 14.4% in 1991, and in 2002 used only 9% of the workforce. The manufacturing sector has been superseded by the services sector is growing rapidly. Wholesale, retail and import / export trade, and community, social and personal service are the two largest sectors of Hong Kong’s services in 2002 (The Economist, 2004). read more »

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China Factory Wages Organization Industrial Robots Are Not Even First Out of Work

Capital investment and jobs. Let’s talk a little about economics 101 and kicked me down behind robot future salary increases are evident at least very difficult. First, when you increase the cost of labor low-level jobs, there will be fewer of them as a business expense and raise prices for consumers, some businesses will, too few jobs. Commercial and business models that will absorb the cost of living and the rate of increase in consumer prices – this is due to inflation so that the dollar will be worth little, how much is hard to say; 10%, maybe 20%, which is about how much the minimum wage increase would be what it is now, if they’re going to say $ 10.00. read more »