...International Trade and Finance Speech ECO/372 International Trade and Finance Speech Macroeconomics consists of the large scale economic factors such as interest rates and national productivity. International trade, finance and exchange rates are a large part of this study. Today, we will dive into the basic definitions and descriptions of simple terms and concepts as they relate to macroeconomics. “The trade balance is the difference between a country’s exports and imports” (Colander, 2010). When a country is exporting more than they are importing a surplus is created, so there is more production than consumption. The opposite is true for a trade deficit. A country that imports more than it exports is running in a deficit; consumption is more than production. An example of a product in the United States with a surplus is oil. Seven years ago the U.S. imported about two-thirds of their oil consumption. By 2014 it is expected that the U.S. will only import 6 billion barrels of crude oil per day; this is about one-third of what the country uses and by 2020 U.S. oil production will exceed Saudi Arabia’s (Phillips, 2010). The problem is that the oil produced in the U.S. is high-quality crude and the oil imported is heavy, sour oil. Since the refineries are currently equipped to refine the heavier oil the U.S. has a surplus of the high-quality crude. One would expect lower oil prices with the surplus, but as the current gas prices reflect this is not the case. While the process...
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...International Trade and Stimulation Univerisity of Phoenix Angela Rogers September 2, 2012 The simulation has provide reasons for international trade and helped me to determine which countries that we should trade with, what type of products we should import or export. I will also be able to determine when we should impose trade regulations such as tariffs and quotas. If our country should buy or sell any type of goods or services this is considered trading. International trading is considered really controversial while domestic trading does not have as many problems as international trading seem to have. If you should purchase items that are foreign made products the prices are lower and the quality of the product is better than an item that made in the United States. The practice of internationally trading has caused some companies within the United States to go out of business. This means that the employees that work at the companies will lose their jobs because of businesses closing in the United States. If you should ask most Americans they are in favor of keeping jobs in the United States instead of the jobs going overseas. This means that Americans are in favor of reducing international trading and buying American made products. The change in government policy, inexpensive communication and shipping has increased due to the results of international trading. Governments have changed policies that effect international trading by lowering...
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...Mali started their empire around 1240 by a a group of west Africans called the Mande. The Mande conquered Kumbi. Their homeland was Mali which was south of Kumbi, closer to the Niger River the Mande build a soon to be empire that stretched from the west coast to Gao.Mali gained its wealth by taking control of the trade route, particularly the gold trade route.Mali’s leaders decide to accept the religion of Islam. Which makes the muslim faith more influential across west Africa. The people of Mali were very accustomed to their religion, but Ibn Battuta always finds these traditions a bit weird. In Ibn Battuta’s documentations they always showed the people of Mali doing religious things like on fridays all men had to wear white clothing. If the man has ripped or ragged clothing he is too wash it before the next friday. All kids have to learn the whole koran by heart, which is like having to learn the whole bible. If you are unable to learn it by heart you are chained to a wall until you learn the whole quran forwards and backwards. “Yet another is their zeal for learning the koran by heart. They put their children in chains if they show any backwardness in memorizing it, and they are not set free until they have it by heart. I visited the qadi in his house on the day of the festival. His children were chained up, so I said to him “Will you not let them loose?” He replied “I shall not do so until they learn the Koran by heart.”” - Ibn Battuta, 1325-1354...
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...S. business offices are very formal in terms of ideas and debate, utilizing mostly written protocol, Brazilian business professionals tend to communicate matters more orally. According to “Brazilian Communication Styles” (2010) website, the manner in which meetings are discussed can be extremely emotional and often theatrical when compared to the traditional U.S. model. Exaggerated body language and intense eye contact can illuminate any board meeting. If one were to not understand this cultural contrast, certain negative implications could arise. The top echelon of the American business world is dominated by males, this is a known fact. Therefore, most companies are not used to catering to female leaders. However, Brazil is leading the way for a new breed of CEO, the educated and motivated woman. Hewlett (2011), “In Brazil, 14% of the CEOs of large companies are female” (para. 4). For an American business attempting to negotiate terms for mergers or hiring of a woman in Brazil, they must not forget to make any necessary adjustments needed to maintain compatibility between cultures. Business culture in the U.S. is usually dictated by formalities and not exactly known for personal relationships, as witnessed by the familiar phrase, “Strictly...
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...International Trade and Finance Speech What happens when the dollar-value of goods and services imported into the U.S. exceeds the dollar-value of goods and services exported from the U.S. to other countries? When the dollar-value of goods and services imported into the U.S. exceed the dollar-value of goods and services exported to other countries from the U.S. it creates what is called a surplus. It is very important that we attempt to make every effort possible to keep it balance and limit the amount of imports as best as we can. Having a surplus of desired imports can create a lower price to the U.S. consumer and have a positive effect on the employment rate of the country who we imported from as it will keep their citizens working. A great example of something that the U.S. both imports and exports is seafood. In the many of the states along the coasts, specifically Washington, Oregon, and Maine there is a huge presence of domestic fishing boats that spend many months of the year out at sea collecting crabs and other seafood which the U.S. uses for both domestic sales and export. On the same token there are several different types of fish that the U.S. chooses to import from outside of the U.S. for sale in our domestic markets. It is very likely that if you are purchasing tilapia at the your local Whole Foods Market that is was imported from Chile or was farm raised outside of the United States. Albeit a fantastic option to have so many options when selecting what type of...
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...John F. Kennedy and Martin Luther King, Jr., as well as historical events like the first Woodstock and the race to space. It was the decade of the Vietnam War and Soviet Spies, and it was the decade that saw the end of the relationship between the United States and the small island nation just 90 miles off its coast: Cuba. On February 7th, 1962, President John F. Kennedy signed a Proclamation that ended and blocked all trade with Cuba. In it he wrote, “[I] Hereby prohibit…the importation into the United States of all goods of Cuban origin and all goods imported from or through Cuba” (Proclamation 3447 – Embargo All Trade With Cuba, 1962). What exactly is an embargo? The Merriam-Webster Dictionary describes an embargo as an order of a government prohibiting the departure of commercial ships from its ports and a legal prohibition on commerce. One of the main purposes of the embargo against Cuba was simply to deny hard currency to the Cuban government. However, it seems that purpose was one that did not really work. Even with the embargo in place, American dollars, still to this day, make its way into the hands of the Cuban government. I believe that the Embargo needs to be put to an end simply because it is not working and relationship between us and Cuba needs to be improved so we can show the rest of the world that we can lead by example; it needs to be ended because it violates the rights of not only Cubans, but of U.S. citizens as well; and an end to the embargo would...
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...True Tropical LTD Edna Odish Dr. David Holness Roswell Campus Marketing Management April 25, 2012 Strayer University True Tropical Ltd A. Write about your company. 1. Write a detailed company background. Address the following items at a minimum for full credit: True Tropical was founded in 2004 by an immigrant named Edna Odish who came to U.S. in the same year. Once here, she noticed there was a scarcity in the variety of tropical fruits Georgia had to offer. So, in an attempt to satisfy the need for new flavors and provide the American market with more options, Edna came up with True Tropical. A company based on the delicious yet medicinal properties of the mysterious and versatile fruit known as Maranon. The Maranon was consider the fruit of the memory by native Indians and in the 1500 was used by the Portuguese as a buster drink after their long travels to and from Africa. The Maranon is also utilized as throat remedy and for could and coughs due to its richness in vitamin C. This is the main reason of our business creation, our company will always pursue the wealth been of our customer in return for high profit. http://www.unalmed.edu.co/~crsequed/MARA%D1ON.htm 2. Create a strategic mission statement. Our mission is to please our customers by providing them with a variety of healthy and delightful ways in which to enjoy the enchanting and tropical taste of the ancient Maranon while taking them to their own customs and cultures...
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...Kraft Foods and Cadbury Introduction The confectionary industry all over the world is comprised of three products, that is, gum, sugar and confectionary. But the world-wide economic recession which in the last few years hit the North American and European markets, adversely affected the confectionary sales. In addition, undue pressure affected the sales volumes as more people moved towards healthier lifestyles, in attempt to avoid what they termed as unhealthy foods. In these developed countries, there are growing concerns about obesity and its side effects. Confectionary makers are now making smaller packets so as to reduce the prices of the purchase which in a way is kind of addressing some of the concerns about unhealthy foods. This is done by improving the portion control even though it increases the sales volumes per kilo, but does not affect the profit margins adversely. Even though the confectionary may tend to be termed as a luxury food item, the sales value appears to be recovering steadily from adversity. In the quest of offering premium products which are more profitable than increasing the sales volumes, the confectionary makers are offering what is seen as low value confectionary. These new products include pro-biotic and antioxidant chocolate. However, the current depression is expected to limit the growth of confectionary, because it is seen as a non-essential food item. Nevertheless, chocolate appears to be picking up in the market and was expected to...
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...| 9/10/2010 | Democracy in the United States of America In the beginning when the new world was not even a thought the European people grew more and more dissatisfied with their monarchy type of government. People yearned for the freedom to do as they wished, worship who they wanted, and work on what skill they felt was their calling. Thanks to Spanish explorer Christopher Columbus discovering a new land “a new world” to the west, slowly but surely these wants by the people became a reality. In this essay I will open your eyes to both the positive and the negative aspects of what type of government the United States of America uses as well as the ever growing issue of the Mosque being built in Manhattan and how the Muslim community is using our laws to their advantage. “Why should there not be a patient confidence in the ultimate justice of the people? Is there any better or equal in the world.-Abraham Lincoln the sixteenth president of the United States. So what exactly do these words mean? The basic meaning is that justice and equality go hand in hand in our government, which is democracy. Democracy originated from the ancient Greeks, it is said by many scholars that Athens of the fifth-century BCE held the purist for of democracy that there ever was. From the beginning at the birth of this nation there was a democratic style of government in place. This was driven by the need of the people to have a voice, have freedom, and to get away from the European style type...
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...include Chinese cuisine in our entrails. Chinese cuisine is introduced in the Philippines as early as the 10th century. From appetizers to main curses like dim sums, noodles, meat dishes like sweet and sour, asado, roasted and many more. We Filipinos love to eat Chinese foods. Most Filipinos loved Chinese foods because Chinese influences them to their cuisine. Filipino cuisine is influenced principally by China, Spain, and the United States, integrated into the pre-colonial indigenous Filipino cooking practices. When restaurants were established in the 19th century, Chinese food became a staple of the pansiterias, with the food given Spanish names. The "comida China" Chinese food includes arroz caldo rice and chicken gruel, and morisqueta tostada fried rice. When the Spaniards came, the food influences they brought were from both Spain and Mexico, as it was through the vice-royalty of Mexico that the Philippines were governed.In the Philippines, trade with China started in the 11th century, as documents show, but it is conjectured that undocumented trade may have started even two centuries earlier. Trade pottery excavated in Laguna, for example, includes pieces dating to the Tang Dynasty. The Chinese trader supplied the silks sent to Mexico and Spain in the galleon trade. In return they took back products of field, forest - beeswax, rattan - and sea, such as beche de mer. While they waited for goods and for payment, they lived here, and sometimessettled and took Filipino...
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...| Marketing ApplicationsMarketing Analysis of company Dary Kraje | | | | | 2012/2013 | | | | | Content 1 Executive summary 4 2 Situation analysis 5 2.1 Company analysis 5 2.2 Company objectives 6 2.3 Customer analysis 6 2.4 Product market 6 2.4.1 BCG matrix 7 2.4.2 Suppliers: 7 2.5 Competition 9 2.5.1 Benchmarking: 9 3 external market environment 11 3.1 Economic 11 3.1.1 Current economic situation 11 3.1.2 Tendencies 11 3.1.3 The current strategy of euro adoption 11 3.1.4 MAIN MACRO-ECONOMICS INDICATORS 12 3.2 Technological 13 3.2.1 Meat product processing 13 3.2.2 Bakery 16 3.3 Political and legal 18 3.4 Cultural and social 19 4 SWOT analysis 21 5 marketing plan objectives 22 5.1 Strategic thrust 22 5.2 Strategic objectives 22 6 Core strategy 23 6.1 Target market 23 6.2 Competitive advantage 23 7 Marketing strategy 24 7.1 Product 24 7.2 Price 24 7.3 Place 24 7.4 Promotion 24 8 communication mix 25 9 implementation and control 26 9.1 Problems to overcome 26 9.2 Control 26 9.3 Budget 26 9.4 Timing of implementation activities 26 9.5 Contingency plans 26 10 conclusion 27 Executive summary Situation analysis Company analysis Dary kraje is a small shop offering quality farm food. It is possible to find there only the food without various flavours, chemical conservations and colourings. Most of the offered products come from Zlin Region. The shop offers pastry, confectionery, meat, meat products, milk...
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...Case 2: CHINESE MERCANTILISM Text 1. Chinese New Year China has become a major financial and trade power. But it doesn’t act like other big economies. Instead, it follows a mercantilist policy, keeping its trade surplus artificially high. And in today’s depressed world, that policy is, to put it bluntly, predatory. Here’s how it works: Unlike the dollar, the euro or the yen, whose values fluctuate freely, China’s currency is pegged by official policy at about 6.8 yuan to the dollar. At this exchange rate, Chinese manufacturing has a large cost advantage over its rivals, leading to huge trade surpluses. Under normal circumstances, the inflow of dollars from those surpluses would push up the value of China’s currency, unless it was offset by private investors heading the other way. And private investors are trying to get into China, not out of it. But China’s government restricts capital inflows, even as it buys up dollars and parks them abroad, adding to a $2 trillion-plus hoard of foreign exchange reserves. This policy is good for China’s export-oriented state-industrial complex, not so good for Chinese consumers. But what about the rest of us? In the past, China’s accumulation of foreign reserves, many of which were invested in American bonds, was arguably doing us a favor by keeping interest rates low — although what we did with those low interest rates was mainly to inflate a housing bubble. But right now the world is awash in cheap money, looking for someplace to...
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...the new continent. Following their neighboring country Spain, they decided to try their luck as well. The English were not the only ones who tried to settle this new continent but for the purpose of this paper, we will learn how the English have failed to operate their own operation causing the colonies to rebel. The American Revolution was inevitable because of the English lack of ability to make good managerial decisions. The English saw the colonies as a source of revenue. The English civil war in the 1640, put the English in debt and they were looking for ways to find a solution out of it. The first mistake or bad attitude came shortly after when England discovered its colonies. Trade and Mercantilism were introduced to the colonies and to the English government. The colonists believed that their power is hidden in free trade and were motivated by self-interest, which they believed would help to develop a strong economic strength. The English Government on the other hand, saw the opportunity to limit the colonies trade and shift it to go through them. Starting at 1660, the English government enforced 4 navigation acts. The 4 acts were dealing with the way to trade and were limiting the colonist to choose a carrier for the goods, transferring good from one colony to the other, receiving goods from foreign ships and lastly creating a custom system which will be regulated by England. Those acts were forced on the colonies and therefore a black market was created and this was the...
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...tried to avoid getting into conflict with other countries. For example, “Americans were not on the whole concerned about the rise of Nazism in the period leading up to the war, or even at first during the war.” Dreaming up America Russell Banks 2008 Edition pg 89 paragraph 1 “So, I don’t think what was happening in Germany in the 1930s was as frightening to the U.S. as it would have been had it happened elsewhere, because we trusted them a little more. Also, most of the victims so far seemed to be Jews, and no way was the U.S. going to come to the defense of Jews at that time. Especially if it was going to cost us money. The other thing was our sense simply of the physical distance. It wasn’t hard in those years leading into the war for Americans to say, this doesn’t concern us.” Dreaming up America Russell Banks 2008 Edition pg 90 paragraph 1 American troops went to Afganstan, with the intital intention of locating known terrorist Osama –Bin- Laden for his involvement with 911 attacks in the U.S. But because the Taliban requested that Bin laden leave the country, and they declined to extradite him to us without evidence that he was involved in the 911 attacks. American troops were dispatached to Afgan to right the wrong that was done to America. We would not have gone to Afganstan if American lives had not been taken without a second thought of our precious life really is. American Air Forces had to interviene regarding the Libya Co.l Muammar Al –Quaddafi...
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...America Turns Outward Farmers and factory owners began to look for markets beyond American shores as agricultural and industrial production boomed. The country was bursting with a new power from the growth in population, wealth, and productive capacity. Overseas markets might provide a safety valve to relieve the pressures of labor violence and agrarian unrest. The “yellow press” of Joseph Pulitzer and William Randolph Hurst described foreign exploits as manly adventures. Missionaries, inspired by books like the Reverend Josiah Strong’s Our Country: Its Possible Future and Its Present Crisis, looked overseas for new souls to harvest. Strong talked about the superiority of the Angelo-Saxon civilization and summoned Americans to spread their religion and values to the “backward people.” Theodore Roosevelt and Henry Cabot Lodge were interpreting Darwinism to mean that the Earth belonged to the strong and fit. This view was strengthened as: Europe partitioned Africa in the 1880s. Japan, Germany, and Russia extorted concessions from the Chinese empire. The development of a new steel navy also focused attention overseas. Captain Alfred Thayar Mahan’s book of 1890, The Influence of Sea Power upon History, 1660-1783, said that control of the sea was key to world dominance. Mahan helped stimulate the naval race among the great powers. Americans joined in the demands for a mightier navy and an American-built isthmian canal between the Atlantic and Pacific. Two-time secretary of state...
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