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University Degree: Political & International Economics
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Recent decades have witnessed an acceleration of economic globalisation, in particular international trade. Is trade openness the key strategy to achieve economic development? What lessons could you draw for policymaking?
leading to a global economy and, increasingly, global policy making, for example, through international agencies such as the World Trade Organisation (WTO).? (Todaro and Smith p. 589). More specifically for others: Gao Shangquan, (2000), ?economic globalisation refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies?.  J. Bhagwati , (2004), ?Economic globalization constitutes integration of national economies into the international economy through trade, direct foreign investment (by corporations and multinationals), short-term capital flows of workers and humanity generally, and flows of technology??.
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I have always been intrigued by sports and sporting events being a keen sportsman myself. But I have always concentrated on the sport itself, and never really considered all the secondary aspects such as Economic issues derived from sport and big sporting events. Therefore the Olympics was a perfect proposal for me to start an investigation into the issues that will affect the UK Economy. With the Olympic Games being held in my homeland I found this proposal more intriguing, as it would also give me the opportunity to further my research and insight by actually visiting the venues and being in and amongst the atmosphere of the Games.
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With the rise of manufactured exports from developing countries, a new movement opposed to globalization has emerged, giving arguments to governments for strategic trade policy. Comment on this assertion.
These policies have large impact on the trade and are often under suspicion of various anti-globalization movements as trade strategic policies often lead to further concentration of income. This idea was already captured in the paper of Brander and Spencer. The famous example of this paper includes competition in the aircraft industry between Boeing and Airbus, where in the equilibrium only one firm can produce. If we apply this paper onto the world trade, we can see that if it is in the interest of a developed country to have production in the certain developing country, it may use this strategic trade policy and support this country in production ? this policy normally aims at augmentation of exports.
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Jobs acquired by the middle class require the attainment of an education or training beyond the secondary school. Another societal benefit is the political awareness; in Andrew Delbanco's new book "College: What It Was, Is, And Should Be", he emphasizes the importance of education in a democratic system, he says that ?We cannot have a political system that works if we don't have a population that say knows the difference between a dogmatic opinion or a demagogic speaker and somebody who makes arguments based on evidence?. He also stated some private returns such as higher lifetime income and higher chances of being employed.
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Explain the purpose behind the WTO's Doha round of trade negotiations. Why has this round proved so difficult to conclude? What are the likely consequences for the world economy if the Doha round fails?
 The November 2001 declaration of the Fourth Ministerial Conference in Doha, Qatar, provided the mandate for negotiations on a range of subjects, and other work including issues concerning the implementation of the ?Doha? agreements. The following subjects where central in the Doha agreement.  1. The agreement declared mandates on these fundamental subjects: Agriculture Market access for non-agricultural products. 2. Trade-related aspects of intellectual property rights (TRIPS). Interaction between trade and competition policy. Relationship between trade and investment. Trade facilitation.
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This essay will mainly discuss the international finance by analyzing three different countries interest rate, inflation rate, spot and forward rate (USA: Dollar; UK: Pound; Australia: Australian Dollar ).
It is the percentage change in overall price level within an economy over time. The price of a currency is determined by the demand for that currency relative to supply, which means inflation comes with a rising demand of money. Table 1-1. US Inflation Rate Year Q1 Q2 Q3 Q4 2011 2.1403% 3.4303% 3.7561% 3.2940% 2010 2.3610% 1.7702% 1.1757% 1.2704% 2009 -0.0392% -1.1484% -1.6226% 1.4589% Table 1-2. UK Inflation Rate Year Q1 Q2 Q3 Q4 2011 4.1322% 4.3708% 4.7365% 4.6914% 2010 3.2615% 3.4365% 3.0856% 3.3592% 2009 3.0143% 2.1248% 1.4602% 2.0958% Table 1-3.
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The establishment of the World Trade Organisation has led to a significant reduction in the level of tariffs applied countries member to the WTO. Nevertheless, there has been a substantial mushrooming of non-tariff measures over the last decade. The latte
caused the effects of economic depression to spread all over the world. Rules for international trade were thus seen as a key part of post-war international governance, and GATT aimed to introduce predictability, stability and non-discrimination in international trade. GATT's creators believed that rules to ensure that trade was free and predictable was the best way to share the benefits of economic growth from one country to another. At first GATT had the modest aim of reducing barriers to trade, with a particular focus on tariffs as these were the main trade-restricting device used at the time.
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