International trade

What did you find compelling, interesting, valuable in Mumford’s approach? What would you disagree with? Most importantly, were you convinced by his vision of the good city and his prescriptions for urban design? In the chapter about the myth of Megapolis, Mumford provides his insights about some negative trends that many cities were expereicning during his time period such as city sprawls and giantism, and power centralization. These ideas are still effective after several decades that they…

Ten Tree Apparel faces difficult decisions on how they should meet their increased demand of sales. What began as five young men selling tees in order to make a difference in the environment, quickly expanded into a well-known brand with over two hundred thousand items sold in less than five years! With the rapid growth faced, they have to decide between three options: continue to produce in North America, move production to Middle East or South Asia, or move production to China. They have to do…

In this diagram, SX is the supply curve and DX is the demand curve of commodity X in a large nation. When there is no trade, point E represents the point of equilibrium (the intersection between SX and DX). When there is no tax imposed on commodity X, PX is equal to £1.00; the nation consumes 200X, which is represented on the diagram by the distance AB. Out of that, 40X is domestically produced (distance AC) whilst 160X is imported (CB). In this essay, I will use this diagram to elaborate on how…

free trade agreements with key importers • With Iranian having sanctions lifted there is potential for an increase animal exports, as Iranian in the past was the second largest importer of sheep meat, with New Zealand dominating the trade • If sanctions are lifted on Russia it will help the dairy industry pick up • If farming subsidies are reduced or remove in the European union • TTP has the potential to liberalise investment and trade among 12 countries in the pacific-rim • Liberalised trade…

One of the largest benefits of globalization is to reduce poverty, as globalization leads to growth in a country through trade. Trade allows countries to be specialized in the goods and services in which they have a competitive advantage and import those goods and services they are not profitable, both Norberg and Bhagwati agree that trade increases competition and reduces monopolies throughout the global market place. Globalization has allowed both Taiwan and Vietnam to greatly…

In the contemporary sense, social globalization is defined as being the increasing interconnectedness around the world, in both societies and economy. The way that nations interact is through modems such as media and technology, which allow for easy access to knowledge and interpersonal communication. This is strongly associated with identity, in that individuals in separate societies are able to share religion, beliefs, and culture with the rest of the world. The source is a strong proponent of…

The reduction of trade ultimately reduced economic growth hence developing countries once again being categories as losers within the complex relationship. However, as food prices rose in the global food spike income inequality began to deepen. Income inequality is an indicator…

As technology continues to advance, people are now able to connect around the world in staggering numbers. This connection has allowed for people of all walks of life to learn about different cultures, regions, and languages like never before. Another outcome with this mass connection, it has now become imperative to learn on how other countries function and what their culture is like in order to advance in today’s society. From this connection, it would seem that the nations that form the…

Value is a “dangerous word” because it can be and has been defined in many different ways. The current definition of value, according the Merriam-Webster, is “usefulness or importance.” Something that has importance or usefulness is related to a commodity with utility because a commodity doesn’t have value without utility. Value is a “dangerous word” according to Jevons because the term, value, can hold many underlying meanings that are not always supposed to be used. Three of these…

The novel, “The Power of Place: Geography, Destiny, and Globalization’s Rough Landscape”, by Harm De Blij has taught me many things ranging from medical aspects to cultural problems within countries all around Earth. De Blij taught me as the world is “flattening” we are being able to connect easier to different places all over the world, but as the world is “flattening” cities are becoming less like the ones around them and more like different cities across the globe. As these cities are…