StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

International economic relations - Essay Example

Cite this document
Summary
This provides a liberalized ground for privatization of financial institutions and industries resulting in exports surplus and big foreign reserves. Proximity to china…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.2% of users find it useful
International economic relations
Read Text Preview

Extract of sample "International economic relations"

Prosperity and Economic Growth in Taiwan, Singapore, Hong Kong and South Korea Economies Taiwan experiences a capitalist economy with little attention and guidelines on foreign trade and investments. This provides a liberalized ground for privatization of financial institutions and industries resulting in exports surplus and big foreign reserves. Proximity to china offers it close big market for its exports and a large import market after Japan thereby providing a favorable export on GDP at 73.

1% and imports at -64.5% ( World Fact book of CIA, 2014).Singapore is a liberal free market economy with high development status. Through its government, Singapore economy operates on a corruption free environment offering very stable prices. This supports its impressive economic achievements of 198.5% and -176.7% in exports and imports respectively. Previous recession, technology sector slump and disease outbreak lessons enabled it attain low rates of interests, growth in exports to achieve a great real GDP of 3.

5% in 2013. Additionally, the government aims to establish a less prone to global cycles in IT products to avoid dangers of global recession.Hong Kong is a free market economy that depends on international transactions. It boosts of a big GDP per capita of 52700 and strong external trading comprising 222.6% in export and 220.9% import GDP in 2013. These are possible through its continuous integration by china mainland that offers the main trading partner. South Korea has managed a credible economic growth integrated with global economies.

Its GDP real growth of 2.8%, 54.6% and -50.8% exports and imports stem from close governance, import quotas and industrious labor force. These measures promoted raw material and technology imports, investments and savings (World Fact book of CIA, 2014).Both Brazil and Mexico depend greatly on agricultural economy that differs from the above countries. They need different policies that focus on agriculture. Work citedWorld Fact books of CIA, “Comparisons of Countries: Real Growth Rates of GDPs ", Assessed on April 30 2014

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“International economic relations Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
International economic relations Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/macro-microeconomics/1643738-international-economic-relations
(International Economic Relations Essay Example | Topics and Well Written Essays - 250 Words)
International Economic Relations Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/macro-microeconomics/1643738-international-economic-relations.
“International Economic Relations Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/macro-microeconomics/1643738-international-economic-relations.
  • Cited: 0 times

CHECK THESE SAMPLES OF International economic relations

East asia and the socialist experience

It is part of a fraternity of international movements that aim to bring an end to all forms of bourgeoisie exploitation.... The experience of communism in Korea can be put within the historical context of the upsurge and triumph of other communist movements in Europe (Russia specifically) and in China in the early part of the 20th century....
5 Pages (1250 words) Essay

Business International Law

In the paper “Business International Law” the author analyzes economic policies created by countries but having shared common principles.... … The author states that twenty nine states accepted its Articles of Agreement in the expectations of avoiding a reappearance of the economic procedures that donated to the United States Great Depression in the 1930's.... Structural Adjustment Programs (also known as SAPs) are economic policies created by each country but having shared common principles....
3 Pages (750 words) Essay

World Politics Trend and Transformation

hellip; The author states that after liquidation of split of the world on two opposite systems, there was a cardinal rearrangement of forces and overestimation of values in the world, in result of which existed stereotypes concerning problems of the world economy, world division of labor and international economic relations have become obsolete.... One of them is quantitative growth of the countries incorporated in the various international economic unions and other international economic alliances that is the evidence of increase of globalization of economy....
4 Pages (1000 words) Essay

PRODUCTION AND COST

Yet, since processes are not independent but are created, driven, or motivated via institutions and governing laws and rules, significance of international law, more specifically international economic law, is explored.... Simply put, globalization is political, technological, and cultural, as well as economic.... Then, international trade laws and role of World Trade Organization are discussed.... Finally, impact of… international trade has grown over recent years in dramatic ways....
6 Pages (1500 words) Term Paper

International Trade

The former, in the negative sense, aims to further their own advantage or, positively, to help the economic struggles of the latter.... international trade is an acknowledgement that interdependence is now a worldwide reality, though To properly project the significance of international trade, this essay therefore has three goals: 1) to examine the aims and rationale of international trade through the examples of China and India, and lastly, 2) to compare the effects of international trade on developed and developing countries....
4 Pages (1000 words) Research Paper

Laws and Regulations on Foreign Trade

Thun (347) was correct in the observation that there is nothing new about globalization.... He said, “(i)n the sixteenth century, chartered trading companies established foreign production facilities for much the same… easons as firms did centuries later – internalization within the firm was a means of economizing on frequent transactions that inherently had to occur in a particular location, whether in order to access specific raw materials or markets....
5 Pages (1250 words) Essay

Export Strategy for Indian Textile Industry to Australia

hellip; India will be expected to be familiar with the operations of international trade which will help it to export its products effectively.... The export strategy therefore proposed for the board of directors is dependent on the factors that will be brought out from the knowledge of international trade (In Nafziger & In Paterson, 2014).... Exportation of goods and services allows a country to sell commodities across its border and therefore will involve participation in international trade....
6 Pages (1500 words) Term Paper

Free Trade or Isolationism: How Can Trade Wars Be Avoided in the 21st Century

This paper makes the case for free trade as the means by which trade wars between and among countries can be avoided.... Three arguments are made in support of this point.... The paper argues that free trade is beneficial to the interests of both the developed world and the developing world … In sum, this paper has argued that there are the benefits to free trade that make it impossible to be ignored....
5 Pages (1250 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us