Essays on Economics

There are four phases of the industrial revolution namely 1.0, 2.0, 3.0 and 4.0. 1.0 is the very first phase in which the mechanical production of machines powered by water and streams were first introduced. The process of first phase started in the end of 18th century. Mass productions of line powered by electric energy...

International trade affects me in multiple ways. It affects how much I am going to pay for groceries at the local grocery store. It affects how much I am going to be spending on new clothes for myself and my children. Some of the make up I use could have come from international trade. Looking...

The following essay seeks to discuss the significance of Trade Unions on the modern employee in context of organisational Human Resource Management. A trade union can be defined as an “organisation of workers acting collectively who seek to protect and promote their mutual interests through collective bargaining” (De Cenzo & Robbins, 1993). Traditionally, union representatives...

Drivers of International Trade  Introduction In this report the drivers of international trade will be discussed in detail and in relation to the European Union and European Union Member states such as Ireland as much as possible. The four drivers of international trade that are going to be discussed in this report are Cost Drivers,...

Introduction This essay will be reviewing Canada’s recent trading activity, trade is the buying and selling of goods and services between countries (Cambridge Dictionary, 2019). It will be focusing on the year 2017, while assessing the relevance of theories such as, Gravity Model, Linder’s Theory, Intra-Industry Trade and the Mercantilist approach, to the patterns Canada...

For Morrisons to globally expand into Turkey there will need to be research and analyses done. As a consultant will investigate the external environment of turkey, the external environment will look at political, cultural, legal, and ethical risks. Political refers to the system that a government upholds. The political system is split into two, the...

Introduction International business consists of transactions that are formulated and carried out across national borders to achieve the objectives of individuals, companies, and industries. Primary types of international business are export-import trade and direct foreign investment. The latter is carried out in varied forms, including wholly-owned subsidiaries and joint ventures. Additional types of international business...

Introduction  Within this essay, I will be discussing why firms decide to expand and become multinational enterprises; which is a business that is headquartered in one country but has operations running in separate countries across the world (Peng and Meyer, 2011). I will also consider the different processes businesses partake in order to internationalize successfully....

Peru is a moderately business-orientated nation located on the western coast of South America. Its surrounding nations and most important trade partners are; Ecuador, Columbia, Brazil, Bolivia, and Chile. Overall it is a reasonably densely populated nation homing an average of 25 people per square kilometer however its capital city Lima, has an extremely dense...

US-China Trade War High growth rates during the past two decades have been identified for countries that have retaliated against the United States. Another estimate puts annual U.S. consumer and producer losses from higher costs of imports at $68.8 billion (0.37 % of the U.S. GDP), which translates into an aggregate welfare loss of $7.8...