WEEK TWO: DEVELOPMENT PARADIGMS & THEORIES ------------------------------------------------- The study of development is large and contains many different viewpoints and academic disciplines. You will need to understand the difference between modernisation theory and dependency theory for any future study of development. ------------------------------------------------- These two approaches were both built on classical studies of economics‚ have been superseded by refined versions in both
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International taxation International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries or the international aspects of an individual country’s tax laws. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation relating to extraterritorial income. Many governments tax individuals and/or enterprises on income. Such systems of taxation vary widely‚ and there are no
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1. Business and Economics WEEK 4: Theories of International Trade and Investment 2. QUESTION 1 Mercantilism is a bankrupt theory that has no place in the modern world. Discuss. 3. Mercantilism - a country should maintain a trade surplus‚ even if that means that imports are limited by government intervention. Bankrupt theory because: – Inconsistent with the general notion of globalization. • Eventually‚ a country will find it difficult to export if it imposes oppressive quotas and tariffs on
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Introduction Tyco International Ltd is a Switzerland-based holding company of Tyco Group. It is a diversified manufacturing and service company‚ with four main operating groups.Tyco Fire and Security (generating 53 percent of total revenues) is the world leader in the design‚ manufacture‚ installation‚ monitoring‚ and service of fire detection‚ protection‚ and suppression systems‚ as well as being the world leader in electronic security services. Tyco Electronics (23 percent of revenues) is one
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CHAPTER 8 REGIONAL TRADING AGREEMENTS MULTIPLE-CHOICE QUESTIONS 1. The European Union is primarily intended to permit: a. Countries to adopt scientific tariffs on imports b. An agricultural commodity cartel within the group c. The adoption of export tariffs for revenue purposes d. Free movement of resources and products among member nations 4. Customs union theory reasons that the formation of a customs union will decrease members’ real welfare when the: a. Trade diversion effect exceeds
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References: Chang‚ H.J (2002). Kicking Away the Ladder: Development Strategy in Historical Perspective‚ Paris: Anthem Press. Chang‚ H.J (2008). Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism‚ London: Bloomsbury Press. Hardwick‚ K & Langmead‚ G (1990). An Introduction to Modern Economics
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countries‚ the roles of sovereign states‚ inter-governmental organizations (IGO)‚ international non-governmental organizations (INGO)‚ non-governmental organizations (NGO)‚ and multinational corporations (MNC). International relations is an academic and a public policy field‚ and so can be positive and normative‚ because it analyzes and formulates the foreign policy of a given State. As political activity‚ international relations dates from the time of the Greek historian Thucydides (ca. 460–395 BC)
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CLASSIFICATION OF SOURCES OF INTERNATIONAL LAW 2.1. Classification of Sources of International law Source is found in the process by which it becomes identifiable as a rule of conduct with legal force and from which it derives legal validity. The various sources of international law are inferred from Article 38 of ICJ. Article 38 of ICJ states: The Court‚ whose function is to decide in accordance with international law such disputes as are submitted to it‚ shall apply : A. international conventions‚ whether
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World Bank is responsible for maintaining order in the American monetary system. FALSE 11. (p. 11) One of the UN central mandates is the promotion of higher standards of living‚ full employment and conditions of economic and social progress and development. TRUE 12. (p. 11) Underlying the trend towards greater globalization is technological change and a decline in barriers to the free flow of goods‚ services and capital. TRUE 13. (p. 12) According to the United Nations most changes between 1992
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“ International Trade and Foreign Direct Investment - an economic analysis” Table of Contents 1) Introduction 2 2) International Trade 2 2.1 Major Flows & Trends 2010 2 2.1.1 Merchandise Exports 2 2.1.2 GDP 2 2.1.3 World Exports and Imports 3 2.1.4 Leading Exporters & Importers 4 2.1.5 Sectoral developments 5 2.2 Explaining the Major Flows & Trends 2010 6 2.2.1 Absolute Advantage 7 2.2.2. Comparative Advantage
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