Like everything else, globalization has its drawbacks. The free trade of goods, services and information set the world economy into a cycle of income and employment growth. The downside is that it also led to declining money flows and tight credit across local and national economies. Additionally...
Why is trade between countries declining? Why is there opposition to global of trade and integration of the world's economy? 2-Trade and exchange rate why is this so important ? Why does the central economic problem exist in any society?
The BRICS countries have realized that it is very important for emerging and developing countries to have proper mechanisms and instruments, thus the NDB and the Contingent Reserve Arrangement were established, Dilma Rousseff, president of the NDB, told Xinhua in a recent interview. Headquartered in ...
Can a country survive without trade? Nocountry can survive without international trade in the present global world. Why is trade and business important in our society? The development of industry and commerce is helping to solve the employment problems of the nation. Business isan important source...
The sheer magnitude of trade has grown; but probably more important are changes in the kinds of trade and in patterns of participation. These changes, in turn, have been facilitated by advances in communication and transportation technologies and by changes in governments’ policies toward ...
International trade is arguably the most important influencer of global prosperity and growth. But there are worries related to the fact the United States has shifted from being the largest international creditor, to becoming the world's largest international debtor, absorbing excess amounts of funding...
Colombian Foreign Minister Luis Gilberto Murillo recently completed his four-day visit to China, where the two nations established a joint working group to discuss Colombia's accession to the Belt and Road Initiative (BRI). Murillo described this development as the most important outcome of his vis...
The BRICS countries have realized that it is very important for emerging and developing countries to have proper mechanisms and instruments, thus the NDB and the Contingent Reserve Arrangement were established, Dilma Rousseff, president of the NDB, told Xinhua in a recent interview. ...
What is globalization and why it is important? The benefits they offer are often unsustainable because theloyalty of multinationalsis to their investors and bottom lines and not to the local people, economies and cultures where they are doing business. Another example of globalization is the respons...
People's Republic of China. The Nine-Dash line was promulgated by the then Chinese government in the 1940s, and certainly didn't cause any stir in Western capitals at the time. After all, China at that time was considered by the West as an important ally in the global war against ...