H3 Economics – Theme 3 Compilation Content Outline: 1. Summary of Trade Theories (pg 1 – 6) 2. Case Studies I. European Union (pg 7 – 21) II. United States of America (pg 22 – 35) III. China (pg 36 – 56) IV. ASEAN (pg 57 – 69) V. Korea (Short Article) (pg 70- 71) VI. Nigeria (Short Article) (pg 72) 3. Transnational Corporations & their effects (pg 73 – 76) 4. Globalisation‚ Multinational Enterprises & Emerging Economies (pg 78-83) Ricardian Model The
Premium European Union International trade
a regional power. India-ASEAN Relations India’s attitude towards ASEAN during its early years was ambivalent but not hostile. The Indian leadership viewed ASEAN as an American “imperialist surrogate” while ASEAN dubbed India as the “surrogate of the Soviet Union”. The signing of the Friendship Treaty with the Soviets‚ India’s stand on Afghanistan and India’s recognition of the Hang Samarin Government in 1981—all these led to estrangement between India and ASEAN India’s decision not participate
Premium Southeast Asia East Asia Asia
INTRODUCTION : A regional trading bloc is a group of countries within a geographical region that protect themselves from imports from non-members. Trading blocs are a form of economic integration‚ and increasingly shape the pattern of world trade. In general terms‚ regional trade blocks are associations of nations at a governmental level to promote trade within the block and defend its members against global competition. Defense against global competition is obtained through established
Premium European Union European Economic Community European Coal and Steel Community
formation of a currency union in Asia since the countries of the European Union (EU) decided to introduce a single currency for Europe. Most of the studies have been to identify the relationships between the existing economic integrations as NAFTA and EU and the ASEAN. The objective of this paper is to summarize proposed future evolution of Asian currency arrangements and examine it theoretically and empirically from a broad perspective. I believe that this kind of study will be indispensable for
Premium European Union
MERCOSUR‚ CAN‚ LAIA -ASEAN -APEC -The African Union *4 European Union -Predecessors -Organisational Structure -The Single European Act -Monetary Union -Expansion -Bilateral Agreements *5 How to Do Business with the EU: Implications for Corporate Strategy -Companies need to determine where to produce products -Companies need to determine that their entry strategy will be -Companies need to balance the commonness of the EU with national differences *6 NAFTA Rational -US – Canadian
Premium International trade European Union World Trade Organization
The emergence of china as a superpower Emergence of global production markets and broader access to a range of foreign products for consumers and companies‚ particularly movement of material and goods between and within national boundaries has led to integration of major regions of the world. International trade and investment are looked as the key factors that can advance the world’s social and environmental well-being when managed within a political framework. In the last decade the WTO has
Premium International trade World Trade Organization United States
closing Case Martin’s Textiles August 12‚ 1992‚ was a really bad day for John Martin. That was the day Canada‚ Mexico‚ and the United States announced an agreement in principle to form the North American Free Trade Agreement. Under the plan‚ all tariffs between the three countries would be eliminated within the next 10 to 15 years‚ with most being cut in 5 years. What disturbed John most was the plan’s provision that all tariffs on trade of textiles among the three countries were to be removed
Premium International trade European Union Economics
many countries. Throughout this paper we will discuss the promoting of regional integration into the Northern South America region. In addition‚ the paper will discuss the advantages and disadvantages of regional integration as it relates to (NAFTA‚ EU‚ APEC‚ ASEAN‚ CAFTA). Regional Overview The Northern South America region contains two countries Columbia and Venezuela. Both of the countries in this region have a wide array of natural resources that have been exploited by European settlers for centuries
Premium Management Strategic management Marketing
increase of trade between member states of economic unions is meant to lead to higher productivity. This is one of the reasons for the global scale development of economic integration‚ a phenomenon now realized in continental economic blocks such as ASEAN‚ NAFTA‚ SACN‚ the European Union‚ and the Eurasian Economic Community; and proposed for intercontinental economic blocks‚ such as the Comprehensive Economic Partnership for East Asia and the Transatlantic Free Trade Area. Stages The degree of economic
Premium European Union Economic integration Trade bloc
AFTA (ASEAN Free Trade Area) ASEAN Free Trade Area (AFTA) is a trade bloc agreement by the Association of Southeast Asian Nations supporting local manufacturing in all ASEAN countries. The ASEAN Heads of State and Government decided to establish an ASEAN Free Trade Area or AFTA in 1992. The objective of AFTA is to increase the ASEAN region’s competitive advantage as a production base geared for the world market. A vital step in this direction is the liberalization of trade through the elimination
Premium European Union World Trade Organization International trade