Trade

The PRC is now a member of the WTO

After 15 years of negotiations, trade ministers from across the world have officially approved China’s entry into the World Trade Organization (WTO) in December 11 2001.1 China’s formal membership comes…

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Trade and Exploration

The seamen who embarked on voyages of maritime exploration in the sixteenth century can be split into two main groups. These groups are the ordinary seamen, whose main motivation would…

People Face Trade-Offs

People deal with plenty of choices in their everyday lives. At the moment we open our eyes, we have to make decisions. For instance, should we get up and prepare…

International Trade

The positive side of international trade is nations are able to obtain goods they cannot produce in their own country The international trade accounts for a good part of a…

International Trade and Free Trade Area

AFTA (ASEAN Free Trade Area) ASEAN Free Trade Area (AFTA) is a trade bloc agreement by the Association of Southeast Asian Nations supporting local manufacturing in all ASEAN countries. The…

South Africa Trade Unions and Globalization

Globalization is a key feature of the modern competitive world. It is a phenomenon that has been present since the age of ancient civilization. Globalization creates both positive and negative…

From Mercantilism to the Wealth of Nations

We live in an era when continual economic growth is almost considered a birthright, at least in the developed world. It has become the benchmark of the health of a…

International Drug Trade

Drugs are a major in issue in the lives of people all over the world, whether it be young teenagers in America , or adults in Latin America . The…

Trends in Import and Export

Having been an agro-based economy, Indian trade has always been devoid of manufactured or industrial goods. Post liberalisation, imports dominated the Indian trade scene in the form of heavy machinery…

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