Essays on Global Economy

Have you ever heard of a day called Buy Nothing Day? Buy Nothing Day was a holiday that originated in Canada in 1992; and on this day, people were encouraged to buy nothing for 24 hours. Participation was optional, but intent of this holiday was...

Abstract Indian foreign trade has come a long way in value terms from the time of gaining independence in 1947. After Liberalization of 1991, India trade growth has picked up place. In the last decade and at present, the composition of trade is dominated by...

In the present configuration of an increasingly globalised world, the volume of global trade transaction has been continually increasing. Furthermore, it can be argued that the current international trade regime has its root on the specific neo-liberal attributes to globalisation. Indeed, institutions such as the...

Free trade can be defined as “The movement of goods and services among nations without political or economic barriers.” Businesses partake in markets like EU due to the benefits that it gives such as trading to other countries in the EU without the trading barriers....

Throughout history, Nixon, the 37th President of the United States, who visited China in 1972, gave the first sign of free trade between two countries; Obama, ex-president of the America stressed that the United States strongly supported free trade, so as Trump claimed. Back to...

Just after WW2, there was a general belief that the lack of free trade was harmful and resulted in economic recessions and even depressions, specifically the Great Depression 1930, which was vividly within living memory of governments and societies then. These ideas were further supported...

When it comes to looking at what kind of trade arrangement a country should seek to achieve economic growth, there are various debates favoring each side: free trade and protectionism. Free trade is when goods and services are traded between countries with as few limitations...

From the growing concern over Donald Trump’s imposing tariff hikes against Chinese goods and Britain’s ministers negotiating trade deals with the EU, reflects a resurgence of old arguments about the benefits of free trade. This debate has been ongoing for centuries because the advantage of...

The role of the international trade in the American foreign policy before the year 1914 can be divided into two major facts other than the major points mentioned in the book’s chapter for the past two decades, and this was according to the journal published...

The consumer goods we buy in our day to day lives have a lot of work and a big story to tell behind their making, but the story may not be so pleasing. Sweatshops commit an abundance of crimes that most of us are unaware...

By January 1, 1989, the US-Canada Free Trade Agreement was passed and put into power, liberating trade between the two countries. By January 1, 1994, the North American Free Trade Agreement (NAFTA) was ratified and enforced, eliminating tax tariffs between the three regions of North...

The NAFTA renegotiations began on August 16, 2017. President Trump chose U.S. Trade Representative Robert Lighthizer to address the United States. The three countries had needed to wrap up before the completion of 2017. Congress required a substance of the new understanding by mid-June to...

The word Trade defines the trafficking of materials and resources. When two countries interchange its products and resources, then it is termed as Trade. Sending products to other nations is called Export, while buying goods from other countries is called Import. The North American Free...

To raise the issue of globalization how linked we are in our present culture and where it comes from, one of the primary ways that has evolved over time is through trade routes and the concept of all trade paths is the Silk Roads. Evidence...

Economics is a study of social science that analyzes the production, distribution and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how the country economies work. There are two types of economics that is Microeconomics and Macroeconomics....

For almost two centuries people have been thinking more and more about the economic aspect of the development of the state and the world as a whole, realizing that this is the main mission of each country. Previously, it was believed that the state should...

The football culture is big in England and in Scotland. There are many reasons why many people start with football and join different football communities. For instance, in Glasgow Scotland, ethnicity, nationality and history are the reasons why people are joining different football communities. On...

It was not the downturn within the commerce cycle, exchange protectionism, or the 1929 stock market crash that dove the nation to misery. It was the collapse of the banking system amid three waves of panics over the 1930-33 period. After the market crashed, certainty...

On Friday 24 October 1929 the greatest stock market crash took place in the United States of America. The 1929 Wall Street crash is known as the hugest crash in the history of the USA. This crash had an impact on the USA economically as...