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MOBILITY OF PRODUCTION FACTORS
MOBILITY OF PRODUCTION FACTORS
Mobility of production factors occur in three ways: immigration/emigration, capital transfers through international borrowing and lending, and foreign direct investment. Production factor movements also raise political and social issues not present in trade in goods and services. Nations frequently restrict immigration, capital flows, and foreign direct investment.
Trade in goods and…
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TRADE PROBLEMS
CONTAINER SHIP
Since 1945, there have been eight major multilateral trade agreements. The multilateral tariff reductions since World War II have taken place under the General Agreement on Tariffs and Trade (GATT), established in 1947. GATT was both an agreement and an institution (replaced in 1995 by WTO) embodies a set of rules of conduct for international trade policy.
The main provisions…
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TRADE ORGANIZATIONS
Trade organizations are associations that countries establish to liberalize trade among member countries through voluntary participation. Treaties like the NAFTA aim to liberalize trade between member countries smoothly. Trade organizations are established for specific purposes. The aim is to help its members enjoy various economic benefits.
Major trade organizations are:
World Trade…
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INTERNATIONAL MONETARY POLICIES
Optimal monetary policy in international economics is concerned with the question of how monetary policy should be conducted in interdependent open economies. The classical view holds that international macroeconomic interdependence is only relevant if it affects domestic output gaps and inflation, and monetary policy prescriptions can abstract from openness without harm. This view rests on two…
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GLOBALIZATION
Globalization is the process of international integration arising from the interchange of world views, products, ideas and mutual sharing, and other aspects of culture. Advances in transportation, such as the steam locomotive, steamship, jet engine, container ships, and in telecommunications infrastructure, including the rise of the telegraph and its modern offspring, the Internet, and…
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GLOBALIZATION
Globalization is the process of international integration arising from the interchange of world views, products, ideas and mutual sharing, and other aspects of culture. Advances in transportation, such as the steam locomotive, steamship, jet engine, container ships, and in telecommunications infrastructure, including the rise of the telegraph and its modern offspring, the Internet, and…
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DIVERSITY AWARDS
EY, Kaiser Permanente, Novartis, PwC and Sodexo have been inducted into DiversityInc’s Top 50 Hall of Fame. The companies inducted into the Hall of Fame have demonstrated exceptional human capital management accomplishments and superior corporate values and culture.
The criteria for the Hall of Fame is based on companies who have at one time ranked number one since the 2012 survey. The…
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THE WINE DOWN BY WINE DIALOGUES
THE WINE DOWN BY WINE DIALOGUES
Do your palms sweat at the sight of a lengthy wine list? Do you pick wine at random because you don’t know the difference between a Chardonnay or Cabernet? E. & J. Gallo Winery, one of the world’s largest wineries, announces the launch of a new podcast series called “The Wine Down by Wine Dialogues,” hosted by comedian and self-proclaimed wine novice, Ben Schwartz. The seven-episode season is a…
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RETAIL-KING AMAZON
As Amazon continues its takeover of the retail sector, the scale at which it operates continues to impress.
Today’s infographic continues along that same thread, except this time focusing on Amazon from more of an operational perspective.
Amazon: At a Glance
Amazon has more than 304 million users, and 3 billion products selling on their 11 marketplaces – and every day, 1.3 million new products…
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DREAM TOILET PAPERS!
‘Tis the season for more than three million college applicants and their parents to stress as college admission and financial award offers begin landing.
According to The Princeton Review’s 2018 College Hopes & Worries Survey, the company’s 16th annual survey of college applicants and their parents, anxiety levels about the admission process are consistently high this year. 73% of…
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JAILED JOURNALISTS IN TURKEY
JAILED JOURNALISTS IN TURKEY
By Abdullah Bozkurt
Although there are varying figures on the number of jailed journalists and media workers in Turkey from different advocacy groups, one thing that is certain is that the government of President Recep Tayyip Erdoğan is the leading jailer of journalists in the world. In fact, Turkey has broken the world record with a number that exceeds all the other notorious performers on…
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POVERTY PIMPS
By Daniel Greenfield
Bernie Sanders, Michael Moore and Elizabeth Warren, three lefty millionaires, got together to solve “income inequality” in a town hall broadcast live from the Capitol visitors center.
Washington D.C., where two out of the three parasites do business, has the worst income inequality in the country. The bottom fifth of Washington D.C. account for just 2% of the city’s…
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TRUMPED-UP ECONOMICS
By Richard A. Epstein
Earlier this month, President Donald Trump tweeted: “When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!”
A few weeks later, on March 21, the Dow…
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LIFE-SAVING BREAKTHROUGHS
For most of civilized history, life expectancy fluctuated in the 30 to 40 year range.
Child mortality was all too common, and even for those that made it to adulthood, a long and healthy life was anything but guaranteed. Sanitation was poor, disease was rampant, and many medical practices were based primarily on superstition or guesswork.
By the 20th century, an explosion in new technologies,…
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CONSPIRACY OF KLEPTOCRATS AND DIGITAL TYCOONS
CONSPIRACY OF KLEPTOCRATS AND DIGITAL TYCOONS
Steve Bannon has described three converging forces shaping world politics: populist nationalism, the emergence of blockchain and cryptocurrency, and the movement for digital sovereignty in the face of overmighty tech firms.
Bannon told us: You have three converging forces, I believe, in the world, Number one is this center-right, populist-nationalist movement that is politically driven, and…
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ISLAM ATTACKS FRANCE AGAIN
ISLAM ATTACKS FRANCE AGAIN
A Muslim killed three people in southwestern France on Friday as he held up a car, fired on police and seized hostages in a supermarket, screaming Allahu Akbar before security forces stormed the building and killed him. Sixteen other people were wounded, including two who were seriously hurt.
More than 240 people have been killed in France in attacks since 2015 by Muslims. Friday’s attacker…
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BIGGEST MARKET RISKS
If you’ve studied the history of markets, you know that sentiment can turn on a dime.
Whether it is an unexpected wake-up call like the collapse of Lehman Brothers, or simply the popping of a bubble that’s blown too big, the tides can shift in a matter of hours or days.
No one knows this better than the world’s most elite investors – and that’s why billionaires like Warren Buffett, Ray Dalio,…
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