In the first essay, we study the effect of new measures of transport performance on international trade among 15 counties in southern and eastern Africa and on the international trade of those countries with six other regions in the world. The results indicate that a 10 percent reduction in transport costs increase trade volumes by about 10 blogger.com: Wanasin Sattayanuwat Essays on International Trade, Growth and Finance by Marc-Andreas Muendler GRAD (University of Munich, Germany) M.A. (Boston University) A dissertation submitted in partial satisfaction of the requirements for the degree of Doctor of Philosophy in Economics in the GRADUATE DIVISION of the UNIVERSITY OF CALIFORNIA, BERKELEY Committee in charge The primary question is whether international trade benefits a country as an entirety, and, if so, why would a country implement protective trade policies to restrict particular exports? To address this question, this essay aims to explore the impact of trade on various economic stakeholders, including
Essays on International Trade. Free essay topics and examples about International Trade
Nations all international trade essays the world strive to achieve stable economies through legislation of various policies. They do so in the attempt to woe investors to participate in activities that will develop and expand their operations. There is no country in the world that can exist without relying on foreign investors and foreign trading activities Ilmanen, This is due to the disparities in nature and amount of endowments in these countries.
There are several factors that nations undertake which determine their exchange rates as evident in this essay. Exchange rate is the value at which the currency of a country measures against the currencies of other countries.
All countries in the word have exchange rates they use to determine the value of goods from other countries Sarno and Taylor This rate enables traders to know the value of their goods in the international market, international trade essays.
Even though, a nation does not have an absolute right of deciding or fixing the rate at which its currency exchanges with those of other countries, there are some extents to which a state can determine these rates.
These are steps a nation takes to ensure the exchange rate favours both local and foreign trading activities.
Therefore, importation and exportation of goods and services ensures consumers and traders get a fair deal for their money and investments respectively. Peace is an indispensable factor that promotes trading activities all over the world. Nations that strive to maintain peace within and outside their boundaries enjoy an influx of investors. This means that not only their investments are secure but also their lives are saved. No one will ever wish to invest in a war prone country regardless of the profits the investor will get.
However, countries that encounter civil strife discourage investors Weither, Their goods and services do not attract international demand; as a result, their value depreciates. Therefore, the more a government strives to maintain peace within and outside its territories, international trade essays, the higher the chances of enjoying favourable exchange rates. Investors are usually looking for countries that offer potentials of economic growth. Nations coming out of prolonged civil conflicts due to poor governance, those that have unexploited resources and those that open their boundaries to foreign trade, attract investors Jha, international trade essays, Some African countries are enjoying favourable exchange rates as a result of restructuring their government systems and assuming responsible leadership.
They have demand for modern technology, expertise and investments. This demand makes their currencies fetch high prices in the international market. Therefore, their exchange rates compete effectively with other currencies. The more a country offers investment opportunities to foreign investors, the better its exchange rate ranks. It is not enough for a country international trade essays participate in international trade.
However, nations should ensure there is a positive relationship between the volume and value of exports and imports Ilmanen,international trade essays, The more a country exports, the lower the exchange rate of its currency compared to other nations.
Therefore, nations should ensure they export more goods than what they import. This means they participate in productive international trade that raises the value of their currencies. Even though, most nations can not survive without relying on international bodies like the World Bank, for financial assistance, it is better for them to borrow as little as possible.
The higher the international trade essays of debts a nation has from global organisations or other nations, the higher her currency exchanges with those of other countries.
This leads to an unfavourable exchange rate since the country is not economically independent Schofield and Bowler, However, countries with fewer debts have a strong command on international trade activities, and thus their currencies have high values.
Therefore, to have favourable exchange rates nations must borrow as little as possible from other nations or international organisations. Investors expect high returns on their investments regardless of the risks involved. Foreign investors look for nations that offer high rates on investments in order to cater for operational costs and gain profits.
Nations that offer high interest rates on investments have without doubt attracted many investors. Competitions international trade essays investors become inevitable leading to high value for the limited currency of these nations Clark, However, countries that offer peanuts to investors discourage them leading to depreciation of the value of their currencies. Therefore, international trade essays, the higher nations offer returns on investments, the more the values of their currencies are appreciated.
Most nations find international trade a one sided activity due to high exchange rates that do not favour them. However, from the above discussion it is clear that such nations can influence the value of their currencies in international markets. Nations should strive to achieve conditions that facilitate foreign and local investments to stand high chances of favourable exchange rates. Clark, I. Foreign Exchange Option Pricing: A Practitioners Guide The Wiley Finance Series.
New York: Wiley. Ilmanen, A. Jha, S. Interest Rate Markets: A Practical Approach to Fixed Income Wiley Trading. Sarno, L. and Taylor, international trade essays, M.
The Economics of Exchange Rates, international trade essays. New York: Cambridge University Press. Schofield, N. and Bowler, international trade essays, T.
Trading the Fixed Income, Inflation and Credit Markets: International trade essays Relative Value Guide. Weither, T. Foreign Exchange: A Practical Guide to the FX Markets Wiley Finance. Need a custom Essay sample written from scratch by professional specifically for you? certified writers online. International trade, international trade essays. Introduction Nations all over the world strive to achieve stable economies through legislation of various policies.
Learn More. We will write a custom Essay on International trade specifically for you! This essay on International trade was written and submitted by your fellow student. You are free to use it for research and reference purposes in order to write your own paper; international trade essays, you must cite it accordingly.
Removal Request. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Managing Openness: International trade data and analysis.
GET WRITING HELP. Cite This paper. Select a referencing style:. Copy to Clipboard Copied! APA-6 MLA-8 Chicago N-B Chicago A-D Harvard. Reference IvyPanda. Work Cited "International trade. Bibliography IvyPanda. References IvyPanda.
More related papers. Check the price of your paper.
Anjali Appadurai - Essays of International Trade Law and Policy
, time: 8:32International trade - Words | Essay Example
International trade is defined as trade between two or more partners from different countries in the exchange of goods and services. In order to understand International trade, we need to first know and understand what trade is, which is the buying and selling of products between different countries. International Trade simply is globalization of the world and enables countries to obtain products and International Trade Law. 15 pages ( words), Download 2. This essay describes the General Agreement on Tariffs and Trade and pertains to customs unions and free trade areas and the statements within its provisions taht conform to General Agreement In their publication, Theory of International Trade, authors Dixit and Norman demonstrate that it is necessary to generate both a quantitative and qualitative understanding of international trade data in order to gain a fully understanding of the variables that describe trends in the field (Dixit & Norman, ). It is important to use the standard theory as a component of this analysis because it helps
No comments:
Post a Comment