economics
Tax Cuts and Economy Revival
Introduction Tax cut is the reduction of tax charged by the government. This may be on individual or on corporate basis. The effects of tax cuts are increases in income to individuals and companies and a decrease in government income. The tax cut influence depends on the tax payers’ actions after it has been cut […]
The World Trade Organization Role in Economics
Purpose/aims of WTO The World Trade Organization (WTO) serves several functions. It is pertinent to mention that WTO was set up as a permanent organization to champion the growth and development of commerce. It is a watchdog body that oversees intellectual property rights, foreign investment, and trade-in services. The purpose of WTO has been explained […]
Globalization and Free Trade
Benefits Accruing from Free Trade The first benefit that accrues from free trade is the encouragement of economic interdependence among trading countries. Due to the scarcity of resources, a country will specialize in producing those goods and services it has a comparative advantage in and importing those goods it cannot produce from other countries. Free […]
International Trade and Its Factors
Introduction International trade occurs when countries conduct their trading activities across borders (Carbaugh, 2013). World Trade Organization (WTO) acts as the sole trading body that regulates international trade among countries. Certain factors affect international trade negatively by making the operation of trading activities difficult. In particular, recessions affect international trade in several ways. However, both […]
China’s International Business
Over the last decade, many foreign firms have invested in China and used their Chinese factories to produce goods for export. If the yuan is allowed to float freely against the US dollar on the foreign exchange markets and appreciates, how might this affect the fortunes of those enterprises? China focused on pegging the value […]
International Business in Russia and South Korea
Introduction The success of a business firm depends on the marketing mix for the products and services. The four marketing mix includes product, price, place, and promotion. These variables would determine the growth rate of the company. Good managers utilize a marketing mix to promote the products manufactured by the company. Products This is the […]
Economic Analysis of the US Current State
Introduction The paper aims at giving information on the current state of the economy of the US. Some of the macroeconomic variables that will be reviewed are GDP, inflation, and unemployment rate. The paper will further discuss the state of recession and its possible impact on the state of Ohio. A summary of the trend […]
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