...estimated 11 million illegal immigrants in the United States. Nations such as the United States, Canada, and Australia will always attract people that are in search for prosperity. Since the Twin Towers incident, many people in the United States are scared and have second thoughts of allowing immigrants to cross our borders. Therefore, some people think that immigration is a threat not just to U.S. security but also to our economy. A lot of individuals want the government to stop illegal immigration; but would it not affect the United States more to do so? As illegal immigration increases dramatically as the years go by, so has a concern about its effect on taxpayers. While other consequences are clearly significant, the financial impact of illegal immigration is at center stage of the ongoing debate. Amazingly, few studies have tried to calculate the net economic impact of illegal immigration in the United States. This paper aims to consider certain aspects in relation to immigration. Focusing on the Federal government, this paper attempts to answer the effects of legalizing immigrants, key issues on the immigration reform, advantages and disadvantages of opening our borders. It is valuable as Americans, to understand the effects, immigrants, have in our economy and the consequences to the American...
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...Nowadays, is has become popular to discuss the globalization trends and impacts on the business environment. Indeed, there are different views about globalization but the main differences concepts are focused on a couple of issued: the force of globalization, the global economic and socio environments of consequences and the implement of the nation countries. In the first place, the concept of global economy interaction is represents the totally new division in the world development. In truth, the increases in economic boundaries flows that have resulted in more open markets of economies and transnational corporations as a result, such as World Trade Organization, to deals with the global trade between nations. In other words, globalization is not a single phenomenon, but is a general and complex phenomenon(Economy and Business 2006). The five of forces and drivers of globalization impact Growth of Foreign Direct Investment (FDI) The increasing of FDI can give rise the economy globalization. It is generally to shows that foreign direct investment (FDI) can have different economic effects on a host country’s development effort. The FDI resulted in the opening global markets. For example, the free trade policy may be increasingly emerges of goods, services, finance, people and ideas across international borders. Furthermore, Borensztein et al. (1998) suggest that FDI is an important key for the transfer of technology, and there with strong complementary effects between...
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...Free Trade Area of the Americas Free Trade Area of the Americas Introduction There are many different regional blocs around the world such as the current one effecting North America called North American Free Trade Agreement (NAFTA). Another trade agreement that has been under hot debate is the Free Trade Area of the Americas (FTAA), which further extends the NAFTA to include other countries from Latin America, Central America, and the Caribbean. This essay will discuss the FTAA, whether the concept of the FTAA is good for advancing the economy of the United States, and finally the impact it might have on North American firms. What is the FTAA? The Free Trade of the Americas (FTAA) is a potential trade bloc encompassing the western hemisphere. As of November, 2005 the negotiations have been stalled and are a continued work in progress (Hill, 2013). The FTAA, first held discussions in December 1994 at the first summit of the Americas where 34 democratically-elected Heads of State of the Western Hemisphere met and came to the conclusion of creating a Free Trade Area of the Americas (FTAA) (“Fast Facts,” 2009). The intention of the FTAA was to open up trade by eliminating trade barriers on goods and services between the 34 different participating countries. It took another 3 years, April 2008, for second summit where the 34 heads of state to sat down and formally inaugurated talks that established a deadline date...
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...capacity to structurally diversify their economies and knowledge advances of their people itself toward development of their country can coping this democratizing issue in globalization. Keywords : Involuntary, globalization, democratizing 1.0 Introduction Globalization has been given many meanings in different contexts. One frequently encountered meaning is that globalization is the homogenization of peoples’ tastes and demand patterns around the world due to increased access to international communication of information about products and services as well as increased access to transportation of products and people across the borders (Carol Hammond and Robert Grosse). Globalization means that events in one part of the world have ripple effects elsewhere, as ideas and knowledge, goods and services and capital and people move more easily across border. Communication tools which play a big role in the world development such like television at the first place had spread out almost throughout the entire world, the images shown in this medium have really permeated societies around the world. Globalization derives from conscious policy decision which may serve to enhance or even erode the capacity of a country to become part of the globalization process....
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...IFRS. The subject of this article is mainly about how managers deal with the switch to IFRS. This paper discusses the background of changing standard, and why manager must switch the standard to IFRS. At last, it points out several methods that managers should take in order to switch to IFRS. Keywords: IFRS, GAAP, switch Introduction International Financial Reporting Standards (IFRS) is a standard accounting system easy to International Accounting Standards Board (IASB) issued by the countries in the cross-border economic exchanges. IFRS is a global harmonization of financial rules to regulate the operation of financial management in accordance with international standards guidelines. For specification worldwide accounting operations of enterprises or other economic organizations, and economic, interests can be protected in a standard, and will not lead to the same calculation methods vary in terms of the criteria arising from unnecessary economic loss. However, now GAAP stands for generally accepted accounting principles and refers to business accounting practices that most U.S. companies use. The switch to International Financial Reporting Standards (IFRS) for all U.S. companies means that both accountants and managers have to learn some new practices. This switch is expected to take three to four years to work its way through the system (Johnston, 2011). Subsequently, the U.S. Securities and Exchange Commission (SEC) made several decisions that led many to...
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... BA in International Business, year 1 07\11\2013 Table of content Introduction…………………………………………………………………………………………… pg3 1. Immigration…………………………………………………………………………………………… pg3 2.1 What is migration?..............................................................................................................pg3 2.2 Reasons for migration……………………………………………………………………………pg4 2.3 European Policy about migration…………………………………………………………pg7 2. Immigration: Costs and Benefits………………………………………………………………..pg8 3.4 Analyze of the social-economic and political effects on the EU by migration ………………………………………………………………………………………………………….pg 8 3.5 Cost and Benefit Table………………………………………………………………………pg10 Conclusion……………………………………………………………………………………………...pg12 Introduction Migration is an actual and controversial topic that is a complex phenomenon that concerns the new as well as the future generations. Migration can be describes as “move to survive!” . The move towards opportunities for life, tied to the human spirit, seeking adventure, pursuing dreams, and finding reasons to hope even in the most adverse circumstances. This is the reason for migration!...
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...that helps diabetes patients take charge of their condition. As the product took off in his home market of South Africa, patients in Nigeria and Kenya learned about it through Facebook and Twitter—and today two-thirds of its subscribers come from across the broader African continent and the Middle East. Globalization was once driven almost exclusively by the world’s governments, large multinational corporations, and major financial institutions. But now—thanks to digital platforms with global reach—artisans, entrepreneurs, app developers, freelancers, small businesses, and even individuals can participate directly. New research from the McKinsey Global Institute (MGI) uses novel data to analyze the extent of the connections and their economic impact. The biggest of these online platforms have grown to a scale never before seen (Exhibit 1), and their users are increasingly international. Individuals from Canada to Cameroon can forge their own global connections, whether for business, personal ties, entertainment, education, or simple curiosity about the...
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...Slide 1: Title In January 1994 there was a new development; the North American Free Trade Agreement (NAFTA) was instituted between the United States, Mexico, and Canada creating the largest free trade area and richest market in the world. This one of the most important and wide-reaching treaties in the world. A treaty between Canada, Mexico, and the United States that was designed to foster greater trade between the three countries. It was one of interesting prospect and looked upon as the start of globalization. The attempt was to help with financial situations involving the all countries in the North American continent, especially those of United States, Mexico, and Canada. One major problem encountered were the economic stabilities of each country, especially in Mexico. There were issues of foreign debt, balance of payment problems, and exchange rate fluctuations. The agreement does well to commit to standards on environmental protection and labor laws but still strives to enforce those laws. The agreement did have some goals to help foster the partnerships between the countries. First and foremost to reduce trade barriers. These barriers cause imports to be of a higher priced than local goods. The object of the agreement was to participate in free" or "open" when goods and services can move into markets without restrictions, and prices are determined by supply and demand. Nations sometimes erect barriers to this free movement of goods and services, such...
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...Difference between China and Sub-Saharan in economic growth and development This essay will try to analyse the difference between China and Sub- Saharan region countries on the economic growth and development issue from an overall view. In order to contrast the different development and growth methods between china and a whole Sub-Saharan region of countries, the essay will introduce the solow model in order to simplify the analysis, because in order to conduct a precise research, too many factors need to be controlled, so introducing a model which can simplify but not change the fact is appropriate. The basic assumptions of the solow model remain unchanged in this essay because the first assumption of constant returns will stand as both China and Sub- Saharan countries are economy which are large enough “that the gains from the specialization have been exhausted” (D. Romer (2011), "Advanced Macroeconomics", McGraw–Hill, New York, 1996.). The second assumption which neglects other impacts on the economy development will be discussed in the later paragraphs like policy, population, human capital and so on. Figure 1. China and Nigeria’s annual growth rate of GDP per capita (%). Data source: World Bank, World Development Indicators Figure 2. China and Nigeria’s broad money of GDP per capita (%). Data source: World Bank, World Development Indicators Figure 3. China and Nigeria’s labor force of total population (%). Data source: World Bank, World Development Indicators ...
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...business executive, which concluded their arguments towards the implementation of international business. The activist argues that international business isn’t in accordance to human rights and doesn’t hold true to the same labor standards that of other countries. The activist believed that unrestricted global trading will contribute to inequality with countries that are developing and those countries that are developed. On the other hand, the trade official argues that having trade agreements will unite environmental concerns such as; poverty, standard of living and employment. The interpretation of the trade official is that in order for foreign capital and trade to have justifiable growth, governments must dispense and surrender strong economic management and stability (political) to workers. Finally, the business executive argues that international business is a good concept to diminish low living...
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...online in 1995. It offers the world’s biggest online book retailer by largest customer base over 30 million people. Besides selling books, Amazon diversifies itself by selling movies, electronics, toys, and groceries. Amazon also generates some of revenue from other marketing such as online advertising and credit card agreement. Amazon has organized systems in two segments, which are North America and International. Websites are also being individually focused for UK, Germany, France, Japan, Canada, China, and Italy. Other than those countries, Amazon also provides them internationally shipping for some products. Amazon succeeds in its online business, and gains more net incomes than some competitor on ground such as Barnes and Noble, and Borders. Amazon’s e-business strategy is a combination of products. The company started with online books then other products to gain customers in a wide range. However, offering a large product variety, Amazon has still maintained its strong brand. 1. Discuss the pros and cons of Amazon’s growth and diversification of business and specialization, and make recommendations about what Amazon could have done differently. Amazon plays strategy planning on the growth and diversification which objects to provide a “One Stop Shopping” for its customers. Amazon serves customers through the website focusing on selection, price, and convenience. There are million of unique products across 12 categories to be sold by Amazon and third parties. Amazon also...
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...Introduction Globalization is a popular term used to describe the process of global expansion of economies and markets across borders, exchange of goods and services, mass movements of communities for better working conditions, multi-cultural exposures, exchange of technological know-how etc. The process of globalization is considered to be erasing transnational boundaries with people sharing common goods and services or adopting the cultures of another culture. Thus, the statement given above by Knox and Marston that globalization seems to lead to loss of originality or territorial identity can be considered as true in a way. According to definitions of globalization, the primary characteristics that it possess include movement of people and goods, improvement in technology and telecommunications, diffusion of knowledge and a spurt in multinational corporations. There have been debates about the positive and negative aspects of globalization. Those who are in favour of globalization point out that economically weaker countries can have the opportunity to join the global market and export their goods and services and thereby improve their economies. Also, different governments can co-operate together for global welfare and citizens can experience other cultures and become global citizens. The positive aspects of globalization are again overshadowed by its negative aspects which include loss of territorial identity and original culture. International bodies like the World Bank...
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...THE IMPACT OF GLOBALIZATION ON INTERNATIONAL BUSINESS GROUP NO-01 FMG3231 INTERNATIONAL BUSINESS ECONOMICS FACULTY OF MANAGEMENT CONTENTS PAGE NO An introduction to international business 3 What is globalization? 6 The impact of globalization on international business 6 Future of international business and globalization 12 Summary 12 Reference 13 1. AN INTRODUCTION TO INTERNATIONAL BUSINESS International business involves all commercial transactions—private and governmental—between parties of two or more countries. Global events and competition affect almost all firms—large or small. However, the international environment is more complex and diverse than a firm’s domestic environment. An international business has many options for doing business, it includes, * Exporting goods and services. * Giving license to produce goods in the host country. * Starting a joint venture with a company. * Opening a branch for producing & distributing goods in the host country. * Providing managerial services to companies in the host country. Features of International Business Large scale operations: In international business, all the operations are conducted on a very huge scale. Production and marketing activities are conducted on a large scale. It first sells its goods in the local market. Then the surplus goods are exported. Integration of economies: International business integrates (combines)...
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...毕 业 论 文 论文名称： | 上海自贸区建设与人民币国际化研究 | 学 院： | 金融管理学院 | 专 业： | 财务管理（中加合作） | 学 号： | 1112041 | 学生姓名： | 周佳诺 | 指导教师： | 张铁铸 | 2015 年 3 月 CONTENT ABSTRACT 1 摘要 2 1 Introduction 3 1.1 Background 3 1.2 Research method 3 1.3 Basic ideas and framework 3 2 The relevant theories of currency internationalization 5 2.1 Currency internationalization important related theory 5 2.1.1 The optimal currency area theory 5 2.1.2 Theory of international trade settlement currency 5 2.1.3 Financial deepening theory 6 2.2 RMB internationalization related definitions 7 2.2.1 The definition of RMB internationalization 7 2.2.2 The basic development policy of RMB internationalization and path 7 2.2.3 The overview of RMB internationalization process 9 3 The main historical experience of currency internationalization 12 3.1 Internationalization of the dollar 12 3.2 The internationalization of EURO 13 3.3 The yen internationalization 14 3.4 Summary of this chapter 15 4 The free trade area construction to promote the internationalization of the RMB 16 4.1 International comparison of free trade area 16 4.1.1 The EU 16 4.1.2 The china-Asian free trade area 16 4.2 The relationship between Free trade and the internationalization of RMB 18 4.2.1 The policies and their interpretation of Shanghai free trade area 18 4.2.2 Marketization of RMB exchange rate 20 4.2.3 The RMB interest rate marketization 21 4.2.4 RMB offshore market 22 4.3 The...
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...Free Trade Agreement, also referred to as NAFTA, was implemented on January 1, 1994. The free trade agreement, signed by Canada, Mexico and the United States, allows for trilateral trade (Export.gov). The agreement permits for the removal of trade barriers and tariffs, which paves the way for easier trading throughout the North American countries. The agreement calls “for the gradual elimination…of most remaining barriers to cross-border investment and to the movement of goods and services among [the United States, Canada and Mexico]” (CBP.gov). The implementation of NAFTA was preceded by CAFTA, which was a similar agreement solely between Canada and then United States (“Scott, Robert E.). Signed by President Bill Clinton, NAFTA had a goal to “[sweep] away export tariffs in several industries: agriculture [being] a main focus, [as well as] tariffs [being] reduced on items like textiles and automobiles” (Teslik, Lee Hudson). The primary goal of NAFTA is to ease restrictions on commerce between the three countries, in attempts to increase cross-border trade. The initial purposes are outlined specifically within the pages of agreement. Its original goals, along side with easing trade restrictions, include increasing investment opportunities for each country and their citizens. Each nation’s government desires to allow, for citizens of their own countries, the opportunity to invest and participate in the other North American economies. Another preliminary goal is the promotion of...
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