Describe the Positive and Negative Effects of Globalisation on China

Study Skill College of Technology London Master Entry Programme Positive and Negative Effects of Globalisation on China Module: Study Skill Code: MEP5 Instructor: Mariana Bogdanova Submitted By: Ramesh Neupane CTL ID: 105724-77 Part 1 Essay The Positive and Negative Effects of Globalisation on China Introduction The combination method of local economics, civilisation and sophistication through the worldwide system of communication, transportation and trade is known as globalisation. The combination of the local economy to the foreign economy through different activities such as international trade, investment, international migration and the expansion of new innovation which are related to economic globalisation. It is commonly known as the integration of local economy, new technology, the tradition of the people and political factors to the foreign countries. Globalisation has influenced the different countries depending on their level of achievement and their expose to the movement of the global economy (Milward, 2003). Globalisation is a multi-dimensional process approach from view-point of the distinct disciplines. Economists give emphasis on the increase of global trade, flow of international capital and the liberal governance of the international companies. Political scientists observe globalisation as a procedure which tends to demoralise the nation and

  • Word count: 3712
  • Level: University Degree
  • Subject: Business and Administrative studies
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Trade Liberalisation and Poverty - the examples of Britain, Vietnam and Nepal.

. International Trade Today there are so many issues which needs to be reformed, one of which is International Trade otherwise known as globalization. International Trade is simply referred as the exchange of goods and services across national boundaries. International trade accounts for a significant share of gross domestic product (GDP) in most of the countries. The value of international trade in 2010 was $19 trillion which is 30% of the world GDP. It means about one third of the goods and services are exchanged globally around the world. According to "Global Policy Forum", till 2030, 60% of the world economy will exchange their goods and services internationally. Theories of International Trade . Trade Liberalization When countries are interested in International Trade they need to follow trade liberalization or free trade. Over 200 years two opposing forces: the promotion of free trade and protectionism has been the main challenge of International Trade. Trade liberalization is the removal of the restriction or the reduction of barriers on the free movements of goods and services across countries. The main objective of trade liberalization is to remove tariff and non-tariff barriers. It includes the removal or reduction of both tariff and non tariff obstacles. The easing of such restrictions is often referred to as promoting "free trade." Trade liberalization

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  • Level: University Degree
  • Subject: Business and Administrative studies
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Discuss the assertion that the sole purpose of the tax system is to promote economic growth. Illustrate your answer with reference to examples from British and American tax policy over the last ten years

22/4/2013 Z0932142 .0 Introduction Governments are all committed, to some extent, to provide services for the population. This can be through provision of the legal system, defence, health services, as well as infrastructure such as roads. They must acquire funds in order to be able to fund such public expenditure. "The point to remember is that what the government gives, it must first take away." (Coleman, 1956) Revenue can be obtained through borrowing, but is more commonly obtained via taxation. Taxation is a government system that enforces levies or extractions on income, profit, expenditure or capital assets. It represents the transfer of resources from the taxpayers to the government. Historically, the sole purpose of this transfer was to finance public expenditure. While tax systems are still required primarily for financing public spending, nowadays they also aim to promote and address other social and economic concerns. In today’s world, there is extreme diversity in the types of tax systems used by governments. Disreali (1862) stated that expenditure depends on policy. Taxation and policy are linked no less in 2013 than they did in 1862. The consequences of taxation affect many household decisions including the savings decision and investment in human capital. Taxation also affects the decisions of firms to

  • Word count: 3395
  • Level: University Degree
  • Subject: Business and Administrative studies
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To what extent have economists provided a satisfactory theoretical and empirical explanation of the global patterns of trade?

To what extent have economists provided a satisfactory theoretical and empirical explanation of the global patterns of trade? Economists study the economical behaviour of humans so they can produce models, theories and equations that mimic patterns of conduct in order to predict how they will behave in the future. Trade has always been of interest to economists. The last decades have seen an increase in the number of economists trying to come up with explanations of global patterns of trade. This is related to the recent increase in global trade and international integration, the swelling popularity of the globalisation phenomena and the increase in the number of economists advocating free trade as the best policy to further economic development and increase living standards. These explanations of trade patterns are useful as they help countries decide who to trade with, what to trade and how to do it. Many reputed economists have attempted to capture the essence of international trade in theories but not all manage to develop a theoretical model that would hold in the real world. Back in the times when mercantilism was the main concept people had of accumulation of wealth, there was this general misconception that trading was a zero-sum game. This means that, when countries traded, one country got rich at the expense of the other one. Nations resorted to waging war between

  • Word count: 1153
  • Level: University Degree
  • Subject: Business and Administrative studies
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Discuss the role of government policy in reducing unemployment and inflation

Discuss the role of government policy in reducing unemployment and inflation. In your discussion make use of the diagrammatic representation of the macroeconomy developed in lectures in Term 2. One of the main responsibilities of governments is to create a stable economic and political environment in the country. Majorly governments seek to achieve a stable rate of inflation and low level of unemployment. To accomplish this governments tend to use variety of policies and strategies according to their mission. They might choose to follow interventionist policies by controlling the market with fiscal or monetary policies or they might just let the Central Bank to allocate required changes. Central Banks are considered to be independent from the government especially in developed countries however, its likely to see governments imposing their monetary strategies under the name of Central Bank in order to avoid public pressure and criticism. Inflation can be described as a ‘persistent’ increase in the average price level in the economy. It can be measured through consumer price index (CPI). A small price change in the market doesn’t have any significant affect on the inflation rate, where only consistent price increases changes inflation level. (Blink, 2007) On the other hand, unemployment is another key factor in the economy that indicates the strength and potential of

  • Word count: 1768
  • Level: University Degree
  • Subject: Business and Administrative studies
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Business Cycles.

EC1000 - BUSINESS & THE ECONOMIC ENVIRONMENT SEMESTER 1- 2002 RISHMA DATTANI SUNDEEP SINGH CHAHAL Introduction into Business Cycles Business Cycles Business cycles are numerous changes in the level of business and economic activity over time. This business activity is measured by measures of Real Income specifically Real GDP (Gross Domestic Product). Quite often these cycles occur because spending in the economy (as measured by RGDP) differs from the ability of the economy to produce goods and services. A long-lasting period of growth in spending that exceeds the growth rate in output will lead to tight factor markets. The economy may change into a period of recession simply because the current rate of spending cannot continue. An Example of a Business Cycle: Source: www.buslink_SEARCH-BcYcles.ac.uk Business Link These cycles occur at regular intervals in a market economy as the rate of real economic growth exceeds the growth in the prospective of the economy to produce goods and services. Recessions may also occur or be long lasting as consumers and producers become more negative about future economic events. This lack of enthusiasm may lead to a decline in both consumption and investment spending resulting in an increase in record levels. A History of Business Cycles Since World War II, most business cycles would last 3-5 years peak-to-peak. The average

  • Word count: 2866
  • Level: University Degree
  • Subject: Business and Administrative studies
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Business Environment

Contents Page 3 - Appendix Page 10 - Issues Currently Affecting the Business Page 16 - Bibliography Page 17 - End Notes a) Appendix This paper will analyse the current issues and trends in the external business environment. An online business dictionary defines the business environment as: "Conditions, entities, events, and factors surrounding an organization which influence its activities and choices, and determine its opportunities and risks, also called operating environment." i In any organization, manager's decisions will be affected by the current issues and trends in the business environment. It is crucial for manager's to consider these issues and trends in order to make successful choices for their organization. The business environment of the United Kingdom can change in many instances. Change can take place in competition laws, global warming, taxation and inflation for example. These changes can be analysed and classified using the PESTEL framework which differentiate between political, environmental, social, technological and legal topics. The external environment also includes possible competitors to the business. (OUP, 2008). In order to produce a report that will analyse the current external business environment, the PESTEL framework shall be followed in order to visualise any issues that may affect the hypothetical firm of choice producing a

  • Word count: 4609
  • Level: University Degree
  • Subject: Business and Administrative studies
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The Economics Of Smoking.

The Economics Of Smoking Word count: 1515 Part A There are many determinants of demand, however, only certain factors of demand will be relevant to cigarettes and I will explain why this is so. One of the most important factors of demand is 'price'. Price in fact is a fundamental law of economics that embodied the downward sloping demand curve. In relation to cigarettes it can be said that as the price of cigarettes increases the demand for them decreases, however the change in demand will be less than the change in price as cigarettes are price inelastic due to their addictive nature. The reason why demand may fall even if by a small amount could be due to the fact of "higher tobacco taxes reduce smoking and smoking related sickness as people cut down, stop smoking, or never start because of the high cost" (ASH (undated) basic facts no.3: smoking and economics). The price of cigarettes can be interlinked with another determinant of demand, which is the price of substitutes and supplements. As the price of cigarettes increases (this means the price of all brands of cigarettes generally increase) the demand for substitute goods will increase, however there are not many substitute goods for cigarettes other than cigars, but cigars are generally more expensive than cigarettes. Thus as price of cigarettes increases the change in demand will fall but less than the change in

  • Word count: 754
  • Level: University Degree
  • Subject: Business and Administrative studies
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Supply Chain Management.

Supply Chain Management Introduction Many researchers have pointed out the importance of Supply Chain ( SC ) and Supply Chain Management ( SCM ) in competitive environment. In this report, we will discuss about ( i ) Toyota Mortor Manufacturing North America ( TMMNA ) which is located in Erlanger, Kentucky, current supply chain position and one of its suppliers, TAC manufacturing, located in Jackson, Michigan, supplies steering wheels and air bags for TMMNA, current supply position by drawing supply chain diagram, ( ii ) the possible operational and supply chain strategies which could be used to enhance TMMNA's future performance to take competitive advantage over other firms and ( iii ) the technical and human resource ( HR ) changes that need to be made to support the implementation of these strategies. The reason why TMMNA is chosen is it is one of the leading automotive manufacturers in the world. Before we discuss it, we need to know what it SC and SCM. Supply Chain " Supply Chain is all the activities involved in delivering a product from raw materials through to the customer including sourcing raw materials and parts, manufacturing and assembly, warehousing and inventory tracking, order entry and order management, distribution across all channels, delivery to the customer and the information systems necessary to monitor all of the activities " ( Lummus and Vokurka,

  • Word count: 3221
  • Level: University Degree
  • Subject: Business and Administrative studies
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Marketing Management

Class: Bachelor of Business Administration - BABA3 Module: Marketing Management (MKT3001DL) MARKETING MANAGEMENT Outline and critically evaluate the ways an organization may differentiate their product to achieve a sustainable competitive advantages. Illustrate your answers with examples NAME 0910562 Submitted in partial fulfillment of the requirements for the degree of BA (Honors) Business Studies TABLE OF CONTENT Abstract..............................................................................................................4 Introduction..........................................................................................4 Definition of Differentiation.......................................................................5 Differentiation Variables * Product Differentiation o Definition of Product Differentiation..........................................6 o Ways to Differentiate............................................................7 o Case.................................................................................................9 * Service Differentiation o Definition of Service Differentiation..........................................9 o Ways to Differentiate............................................................9 o Case...............................................................................................11 *

  • Word count: 3169
  • Level: University Degree
  • Subject: Business and Administrative studies
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