individual consumers tend to lack the motivation of raising their voice against such measures (McConnell, Brue and Flynn). Given the decline in natural trade barriers imposed by transportation costs- coupled with transformations in industrial technology creating significant competitive threats to costly producers-, the interest in artificial trade
High level of economic inequality is huge impact on our society including political, economic, politic and environmental sectors and widening gap between rich and poor is largely expressed by the global leaders (World Economic Forum 2013, cited in Hümbelin, O & Farys, R 2016, p. 136). When we think about economic inequality, most economists generally think about three main distinct features which are income, wealth and consumption and income inequality is the most obvious one to measure (The Economist
The foreign direct investment (FDI) liberalization policy was also said to have contributed to the creation of an ‘economic miracle’ in Malaysia (Okamoto, 1994). The continual price stability, macroeconomic balances, good governance and economic liberalization reforms are crucial towards sustaining the foreign direct investment (FDI) (Mithani, Ahmad and Saifudin, 2008). The popular method to analyse the importance of countries attractive location factors of foreign direct investment
different definitions of globalization as it has many different aspects and angles, many different dimensions however this research paper uses the basic definition to explain globalization which is a process that is a combination of international trade and investments which helps brings people, companies and nations together by interaction and interchange of ideas. Globalization leads to new areas of development and wealth creation however there are mixed views and perceptions about it when it comes
market is vast and heterogeneous, covering a multitude of products from fiber and yarn to finished textiles, knitwear and clothing. International trade in textiles has a market share, accounting for 295.5 billion dollars. China is the first and leading textile exporter in the world, its share accounting for more than a quarter of the total volume of trade in this area. Textile sector is characterized by a high degree of automation especially in developed countries. In the top five global producers
Latest developments in information technology, transport facilities and communication technology have accelerated the pace of globalisation in recent years. The increased use of internet has enabled fast global communication and timely delivery of goods. Nowadays, goods are packed into containers and transported by cargo ships. The use of containers and cargo ships enabled the companies to transport vast quantities of goods and commodities across the world at low costs. With the rise of social media
countries. It has always been of significant geo-strategic importance with its sea frontiers across important sea routes involving the oil rich Indian Ocean region related to the strategically important Asia Pacific region. Southeast Asia is becoming increasingly importance in today’s globalised world both on relation of the significant situation that it occupies in international deal and in terms of climate change. Its honesty to trade and investment has made it a significant contribution to global
condition of Indian economy, leading to technological revolution in India by maximizing the steep production. He proposed no taxation for the farmers, considered for minimum wages and also gave certain benefits to the blue collars. He further knew the importance of heavy industries and infrastructure development, and, therefore favored their operations. This resulted in the development of dams, canals, hydro power
of developed, transitional and developing economies. Nevertheless, it is important to recognize that street vendors are most numerous in poorer countries, and that they are usually concentrated in urban areas. According to ILO (2002) despite the importance of street vending activities in developed and developing economies, the local authorities consider street vending to be a problem for urban management. The street vendors are most of the time at best ignored, or at worse repressed by the local authorities
Due to the focus of Africa’s regional economic integration efforts on trade liberalization policies (tariffs and non-tariff barriers), most analysis mainly focused on the impact of regional integration on trade flows (Alemayehu and Haile (2002)). Such a focus has had a number of problems. Harmonization problems in COMESA, for instance, include: (a) lack of harmonization of tariffs, customs