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For firms both large and small, global integration usually has a very positive impact. This work explores new gains from deep international integration. The authors supplement their research with real-life profiles of representative American exporters, importers, investors abroad and others.
THIS BOOK WILL EDUCATE YOU ON EXPORT, IMPORT, INTERNATIONAL TRADE, INTERNATIONAL PROCUREMENT, SUPPLY CHAIN, E-COMMERCE, DROPSHIPPING AND MERCHANT TRADING
Price divergence is readily apparent to anyone who shops. Travelers from Manchester to London, or from Chicago to Paris, are hit by sticker shock. Products ranging from London Fog raincoats to Viagra are available over the Internet at half their retail store prices. Common experience tells us that prices for identical products differ between countries, between cities, even between neighboring shops. On the other hand, common experience also tells us that open markets and greater competition will force a degree of price convergence, if not identical prices. This monograph presents speculative calculations that illustrate potential benefits from price convergence between countries. The authors take a fresh look at global economic integration by examining existing price divergence, and possible price convergence, across a range of consumer goods and then calculate the potential benefits of price convergence on a country-by-country basis and for the world as a whole. This study examines the potential benefits from price convergence resulting from more competition and market integration, not perfect competition and market integration. The authors calculate these benefits assuming that the world economy can attain the same degree of competition and market integration-and hence price convergence-as exists within the United States.
Who is afraid of the WTO, the World Trade Organization? The list is long and varied. Many workers--and the unions that represent them--claim that WTO agreements increase import competition and threaten their jobs. Environmentalists accuse the WTO of encouraging pollution and preventing governments from defending national environmental standards. Human rights advocates block efforts to impose trade sanctions in defense of human rights. While anti-capitalist protesters regard the WTO as a tool of big business--particularly of multinational corporations--other critics charge the WTO with damaging the interests of developing countries by imposing free-market trade policies on them before they are ready. In sum, the WTO is considered exploitative, undemocratic, unbalanced, corrupt, or illegitimate. This book is in response to the many misinformed, often exaggerated arguments leveled against the WTO. Kent Jones explains in persuasive and engaging detail the compelling reasons for the WTO's existence and why it is a force for progress toward economic and non-economic goals worldwide. Although protests against globalization and the WTO have raised public awareness of the world trading system, they have not, Jones demonstrates, raised public understanding. Clarifying the often-muddled terms of the debate, Jones debunks some of the most outrageous allegations against the WTO and argues that global standards for environmental protection and human rights belong in separate agreements, not the WTO. Developing countries need more trade, not less, and even more importantly, they need a system of rules that gives them--the smaller, weaker, and more vulnerable players in world trade--the best possible chance of pursuing their trade interests among the larger and more powerful developed countries. Timely and important, Who's Afraid of the WTO? provides an overview of the most important aspects of the world trading system and the WTO's role in it while tackling the most popular anti-WTO arguments. While Jones does not dismiss the threat that recent political protests pose for the world trading system, he reveals the fallacies in their arguments and presents a strong case in favor of the WTO.
Canada officially achieved legislative autonomy in 1931 and has since developed into one of the world's most prosperous democracies. Though its political system is widely commended for its stability and fairness, it is nonetheless extremely complex. Particularly within the past five decades, Canada has undergone a vast social and political revolution, as exhibited by events such as the Quiet Revolution in Quebec, the ratification of the Charter of Rights and Freedoms, the Medical Care Act of 1966 and the official adoption of bilingualism and multiculturalism. As the world moves towards globalization, technology has likewise facilitated communication between previously isolated provinces and territories within Canada. Such developments hold significant implications for the role of Canadian politics, both domestically and internationally. The Oxford Handbook of Canadian Politics provides a comprehensive overview of the transformation that has occurred in Canadian politics since the country acheived autonomy, examining the institutions and processes of Canadian government and politics at the local, provincial and federal levels. It analyzes all aspects of the Canadian political system: the courts, elections, political parties, Parliament, the constitution, fiscal and political federalism, the diffusion of policies between regions, and various aspects of public policy. The Handbook examines recent trends such as the movement towards minority Parliaments and extrapolates potential developments. This handbook represents the work of a distinguished array of contributors, including some of the world's most prominent scholars of political science. This volume renders an objective, authoritative portrait of the Canadian political system: it is indispensable to anyone interested in the topic.
This title helps small and medium-sized enterprises discover the advantages and disadvantages of international business and plan their entry or expansion strategies. In an age where globalizing a business has gone from an innovation to an imperative, how can entrepreneurs make sure their small- and medium-sized enterprises (SMEs) are set up for maximum worldwide reach from the very beginning? Going Global: An Informational Sourcebook for Small and Medium-Sized Businesses is an extraordinary resource that points the way to a wealth of available print and web resources for helping SME owners research their international sales potential. Going Global offers separate chapters on such critical topics as how to do a business plan, how to analyze the competition and the market, how to find foreign customers, how to set up an international business, how to manage a global business, and how to use the Internet to its fullest. No matter what stage of entering international trade a company is in, its owners, managers, and stakeholders will be able to quickly and easily find the information and expertise they need to compete in a world-based economy.
Free trade can help 500 million people escape poverty and inject.