ARTICLE India’s Foreign Trade: 2012-13 India’s Foreign Trade: 2012-13* This article reviews India’s merchandise trade performance during April-June 2012-13 (Q1) on the basis of data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S). It also analyses disaggregated commodity-wise and directionwise details for the year 2011-12. Commodity-wise data on merchandise exports show that engineering goods‚ petroleum products‚ chemicals‚ textiles‚ gems & jeweller
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indicators of industrial production‚ trade‚ capital flows‚ unemployment‚ per capita investment and consumption have taken a hit. According to a World Bank estimate‚ a total of 53 million people more would fall into the poverty net this year and over a billion would go chronically hungry. Such other social implications of the recession would be also uncovered in the coming time. It has thus been a very crucial time for the UPA government to announce the Indian Foreign Trade Policy 2009-2010. Attempts have
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trading. While this might seem like a good idea on the surface‚ there are some significant disadvantages for countries joining trading blocs‚ which are also sometimes known as Free Trade Agreements. It�s been long believed by economists and some scholars that the disadvantages of trading blocs outweigh the advantages. Perhaps the main disadvantage of a trading bloc is that it can actually harm economic welfare. Here is a simplified example of one disadvantage of a trading bloc: If a country
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What are the advantages and disadvantages of studying in a foreign country? With the rapid development of society‚ people have entered an era of information spreading which makes the world seems smaller. In order to acquire more knowledge‚ more and more people decide to further their study abroad like students who are not using English as a native language may wish to continue their studies and decide to learn English outside their home country or English speakers decide to study in Japan where
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(a) Discuss the absolute advantage theory and its relevance to international trade. John Solman and Mark Sutcliffe‚ Economics of Business‚ states that “that the reasons for international trade are just extensions of the reasons for trade within a nation and that instead of people or countries being self-sufficient it makes more sense to specialize in different trades’. Solman and Sutcliff advised that ‘firms or companies usually specialize in certain types of goods or services which allow them
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The Foreign Trade of Bangladesh: Its Composition‚ Performance‚ Trend‚ and Policy Mohammad Mafizur Rahman Abstract Despite structural limitations in the Bangladesh economy‚ the export sector performed well throughout the 1990s. The export growth rate of Bangladesh was higher than that of the world and the SAARC countries. However‚ the balance of trade of Bangladesh was always in deficit and the trade deficit with India is huge. The export share of primary commodities has decreased while that
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International Trade Theory 2nd STAGE/ 2nd THEORY Absolute Advantage Smith attacked mercantilist assumption that trade is a zero-sum game by argued that countries differ in their ability to produce goods efficiently. Thus‚ a country has an absolute advantage in the production of a product when it is more efficient than any other country in producing it. Therefore‚ countries should specialize in the production of goods for which they have an absolute advantage & then trade these for goods
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Present the Advantages and Disadvantages of Globalisation‚ Is Free Trade Desirable? Introduction The first part of this essay will be aimed towards understanding the concept of globalisation. We will analyse the various advantages and disadvantages that arise as a result of globalisation. The second part of the essay will concentrate on investigating the benefits and drawbacks that arise from the free trade. In order to devise an accurate and informative response to the essay question we must
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New trend in Foreign Direct Investment (FDI) became Central and Eastern Europe since the end of 1980s. That happened because of those countries starting transformation to ma market economy and chose as one of the priorities in it integration to a global economy. Such instrument as FDI has its advantages as well as disadvantages. Firstly‚ FDI is a source of supplementary productive capital that is really scarce source in terms of deep structural changes of a whole economy. Secondly‚ FDI provide
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The advantages and disadvantages of China’s current foreign investment environment Content Introduction and Backgrounds 3 Advantage: Good economic environment 3 Advantage: Stable political environment 4 Advantage: Acceptable infrastructure 5 Advantage: Abundant labor 5 Disadvantage: The laws of the market economy system are not perfect 6 Disadvantage: Low government efficiency 7 Disadvantage: The low efficiency of the financial sector 7 Disadvantage: The investment environment
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