First, to encourage global marketing, many countries have free their trading acts and encourage foreign companies to invest in. For example, India signed Regional and Bilateral Trade Agreements which attract investments from East Asian countries and the United States (Gupta & Mitra 1). Therefore, Keurig will have lower political risk to go international. Political risk refers to government interference in the business affairs of foreign persons or companies doing business in a particular country (Chang 1). Second, international markets have more potential consumers.
Explain the term ‘globalisation’ and the role that multinational companies play in the development of globalisation. Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services and has therefore lead to increased trade between countries. This trade encourages countries to work together and removes trade barriers such as quotas and tariffs. This increased openess allows countries to specialise in producing goods which they have a comparitve advantage in (this means they can produce goods at lower unit costs) A multinational Company is a corporation that has its facilities and other assets in at least one country other than its home country.
Lastly, how to reduce the economic gap between coastal regions and inner periphery? In other words, we can learn that this kind of economic of development is not good for China from the texts. In order to know how China’s coastal cities are developing better than inner periphery region, we have to study the open-door policy under Deng’s leadership. “By opening its Pacific Rim to market forces, by exploiting its huge working class, and by encouraging millions of Overseas Chinese…to invest money in their homeland” (Blij 374). This quote is the best interpretation of the Special Economic Zone’s features.
This will achieve the goals of the company by increasing occupancy rates and business travellers. The constraints placed on the company will be achieved. Return on Investment is greater than 15% and operating profit % of revenue will be greater than 11%. GR has a good reputation and skilled management team which will make this a smooth transition. The current locations are great to make this move as they reside by the airport and will target the business travellers.
This then triggers a sudden increase in private investment. Private investment brings a range of benefits into the area including: more high quality public services and transport, new housing and hotels which helps create this new ‘global brand’ for the area which of course leads to even more inward investment to the area and so on. One of the main, most recent, examples of this idea of using sport as a catalyst for rebranding has to be the 2012 Olympics. With all else mentioned above related to private investments and its benefits aside, the 2012 Olympics created a feel-good factor for many of the local residents in east London. This was achieved by the constant promise to the local people of great improvements to their lives, and through other things such as the new recognition to their area, the physical environmental improvements to their area and the new jobs being created all contributed to the widespread feel-good factor.
For example, there was improved navigational aids, refinements in shipbuilding, better mapmaking, and new legal arrangements and accounting practices which made shipping easier and cut the costs of seaborne trade. Another major new navigational instrument that helped this enormous revolution was the needle compass. With the new sea-lanes booming with profit and trade, this began to change the entire agriculture around 1000 CE. This also gave birth to the growth of commercial cities. By the late tenth century, many of these new cities were the anchorages of the maritime trade.
The change or advancement in transportation as it pertains to the trading patterns of these two regions, happened relatively quickly. West Africa and the Mediterranean region began to utilize more advanced vessels, after observing and hearing about the conversion of other regions to these advanced ways of transporting goods. The drastic and rapid change of transportation allowed for trading to be completed efficiently and effectively. These vessels really made the process of trading simple and stress-free. Thus, promoting trading with other regions, to benefit your region.
Tourism would increase as a result of the legalization of gambling in Hawaii, and will have an overall positive impact on the economy. This is currently what Hawaii needs to reduce its
3. People often feel that tariffs, quotas, and other import restrictions will save jobs and promote a higher level of employment. But trade restrictions that reduce the volume of imports will also reduce exports. Question 4: What do researchers have to say about the relationship between firm’s productivity and exposure to global competition? Answer: Question No.5: When is international trade an opportunity for workers?
It is true that corporations and consumers receive the benefits of cheap labor, but to facilitate stability, taxpayers must cover the infrastructural cost. Notwithstanding all the negative ramifications, illegal aliens do raise the general effectiveness of the U.S. economy by adding profitable contributions via taxes and hence diminishes marginal cost for total product production. Though this topic is important, there are more significant topics (i.e. automation in manufacturing or the growth in global trade) that will have more impact on the U.S.