Category Archives: Global Economic

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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 The manufacturing sector has been superseded by the services sector is growing rapidly.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 »

Global Economic

Chinese Mercantilism and the New Global Economic Order

The risk is not entirely However, if economic growth hit a danger of stagnation and even reversals of GDP. On this day, the Chinese central creaky uneven in 18th century France and happily engaged in wide mercantilist culture. Chinese society, people are not yet fully stabilized and consolidated. Beijing has not entered a traditional mercantilist spearhead Japan and Singapore do. China’s political center, has lost the last remnants of feudalism, warlordism, and regional integration beyond. Handled, after China’s economic manner similar to the German Kaiser were allowed to grow rapidly by taking advantage of free trade to the British post-mercantilist. It is very historical right. Beijing does not need to replicate the Spanish, English, or French mercantilist experience. read more »