Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
The creation of jobs will be beneficial to Pakistan, as it will lead to: an increase in the standard of living, a decrease in social costs and an improvement in political stability. On the other hand, its neighbor India will benefit from Pakistan's geographical neighbors to include: Iran, Afghanistan, China and Tajikistan. As India would be able to benefit from Iran, due to the fact that: the country is full of natural resources (which could help India in meeting its demand for oil and gas). However, since the WTO agreement requires all the signatories to remove trade barriers, there is a risk that developing countries will suffer at the hands of developed nations. As they (the developed nations) will export various commodities from a particular region, in return for the importing of primary goods. The big challenge is maintaining a balanced relationship, where the more developed nations will not take advantage of the developing ones and vice versa. In this aspect, the WTO can play a vital role in addressing possible imbalances that could occur in these associations.
The Role of International Community to Ensure Economic Stability
When it comes to the international community, the world has become increasingly interdependent on one another. As a single event in one particular area can have ripple effects on the entire world economy. This is because globalization has opened more avenues of economic opportunity, while at the same time increasing the chances of instability. The big question is: how can the world community combine their efforts to ensure stability in the economy? The answer, means creating an environment of:...
To achieve these different objectives requires: an effective global banking system and sustainable trading relationships. The recent recession reflects the weakness of the global banking system. This was the result of poor lending activities and the continued upward adjustment of interest rates on those loans. This led to economic growth in the short-term, but a collapse in the long-run. As a result, it is the time for the world community to work together in the creation of a banking system that addresses the needs of developing nations. While at the same time, they are intelligently providing resources to help spur their development. This must work in conjunction, with a host of regulations to curb speculation and excesses that could occur in the future. If this kind of an approach can be taken, it will ensure that the world economy is seeing balanced growth by: addressing the needs of developing / developed nations and making certain that excess abuses are prevented.
References
World Trade Organization (1999). The WTO as the basic free trade institution: Ministerial Conference 1999. Retrieved from http://www.wto.org/english/thewto_e/minist_e/min99_e/english/state_e/d5325e.pdf
World Trade Organization (n.d.). About the WTO. Retrieved from http://www.wto.org/english/thewto_e/whatis_e/wto_dg_stat_e.htm
International Monetary Fund (2010). How the IMF promotes global economic stability. Retrieved from http://www.imf.org/external/np/exr/facts/globstab.htm
The '1971 Immigration Act and Immigration Restrictions', that are in vogue now has least controversy, compared to restrictions elsewhere. The policy is now well defined. The huge flow of people from abroad, particularly from the Eastern European region, was having a great strain with regard to society, health, jobs, housing and health. Majority of the UK populace view that migrants are responsible the increase in HIV, other types of diseases,
Conclusion Each of the four economies studied suffered somewhat from the economic downturn. The differences between the severity and length of recession in each country will inevitably be affected by the structure of that nation's economy and its relationship with the international monetary system. As such, it is important that we analyze the differences between these nations and the ways in which the current economic crisis impacts their economies. We can
Economies of the UAE Economics of the UAE Current analysis of UAE Economy Historical economic aspects Discussion of basic economic indicators GDP: per capita GDP; growth rate of GDP Inflation rate Budget Trade balance Natural / Human resources & Infrastructure Exchange Rate Behavior and Forecasting Demographics (age distribution) Short-term and long-term prospects/forecasts for UAE Economy Current analysis of UAE Economy: The Persian Gulf states including Abu Dhabi, 'Ajman, Al Fujayrah, Ash Shariqah, Dubayy, Umm al Qaywayn, and Ra's al Qaywan are represented as UAE.
Additionally, its taxation advatantages may erode due to pressure from EU and implicitly its wages will increase as taxes increase. Competition from emerging countries, namely Eastern Europe will become stronger as Ireland allings its strong points to EU standards. Moreover, the country's inflationary problem persistance may strengthen EU pressure on the authorities to reduce it through its fiscal policy. Reference List BBC news channel. 2004. Ireland is Named 'Best Country', published
International Monetary System In world trade, varied national currencies are swapped for each other by means of rules and procedures set by a system called the international monetary system. To delineate a general standard of value for the world's currencies, such a system is believed to be necessary. The global monetary structure has always adhered to the organizational framework of the international discipline. In each stage of the financial capitalism there exists
Due to the cases of swine flu in California, the Chinese government issues policies that do not allow the import of any products that have come into contact with California (Workman, 2009). This means that the cargo must be transported to other regions, further increasing operational costs and reducing the efficiency of American organizations exporting to China. Another characteristic of the international trade policies implemented by the Chinese government refers