and non-tariff barriers) are reduced or eliminated among the participating states. Advantages of Trading Blocs The main advantages for members of trading blocs are as follows: 1) Free trade within the bloc: Knowing that they have free access to each other’s markets‚ members are encouraged to specialize. This means that at the regional level there is a wider application of the principle of comparative advantage. 2) Market access and trade creation: Easier access to each other’s markets
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In 2013‚ President Xi Jinping has made the proposal for the One Belt One Road strategy. Along with the recent Asia Infrastructure Investment Bank and the Silk Road fund‚ President Xi Jinping is hoping this initiative will provide an innovative method of participation and mutual effort regarding global governance. President Jinping proposed this to promote harmony in the face of simmering geopolitical problems and a diminishing economic climate that seems to have spread worldwide. China’s economic
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The computer is one of the most important inventions in the 20th century‚ which has changed our lives since it was first introduced. It is undeniable to say that the computer has resulted in both positive and negative effects which must be addressed accordingly. To begin with‚ the computer has contributed to our lives in many beneficial ways. The main use of computers is to help us store and organize information even tons of files within hard disk drives. Thanks to the advancement in technology
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amount of time. One of the most used functions on the cell phone is not the phone‚ but the instant text messaging. Who wouldn’t love such a quick‚ easy method of communication? Just flip open your cell phone‚ type in a quick “meet me @ 2 plz” and press send. Text messaging is an easy and discrete way of communicating with others‚ but it has its disadvantages and advantages. It is not a surprise why texting can cause so man problems physically and mentally. There are several advantages for texting
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Advantages and Disadvantages of Collaboration in the Workplace Finding new and creative solutions to problems is a challenge in today’s business world. In order to stay competitive companies and organizations must produce better products in a shorter amount of time. The development of collaborative teams is becoming a common practice in organizations with growing popularity across the nation and around the world. Collaborative teams can be defined as a group of individuals who have open communication
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Prohibition in the United States‚ also known as The Noble Experiment‚ was the period from 1920 to 1933‚ during which the sale‚ manufacture‚ and transportation of alcohol for consumption were banned nationally[1] as mandated in the Eighteenth Amendment to the United States Constitution. Under substantial pressure from the temperance movement‚ the United States Senate proposed the Eighteenth Amendment on December 18‚ 1917. Having been approved by 36 states‚ the 18th Amendment was ratified on January
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International connection is one backbone to maintain the bloom economic growth. To ribbon the road‚ rail and energy resources to increase the traceability between China and countries along with the sea-based routes‚ the Chinese President Xi Jinping introduced a “One Belt‚ One Road” Initiative in October 2013. In the 2016 Policy Address‚ our Chief Executive Leung Chun Ying mentioned what role Hong Kong should play in the project. He stated that “by leveraging the combined advantages of “one country” and "two
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information and I will try to analyze them. First of all‚ I would like to compare two ways of broadcasting information‚ namely TV and books. In my opinion‚ books are much more useful than Tv is and I believe there are several reasons to sustain this. One argument is that Tv addresses the large public and ussually transmits information that catches the eye of the audience‚ with themes such as violence‚ erotism‚ politics and humuour. Another argument would be that we usually don’t know what we are going
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Advantages and Disadvantages of computer Advantages Computers are a mainstay in most homes‚ allowing individuals and families to access the Internet from home and complete a myriad of other tasks through the use of computer software. There are advantages and disadvantages to using home computers depending on how you use them. As computer hardware becomes faster‚ easier and more cost effective to develop‚ home computers also become more affordable for consumers. It is constantly becoming easier
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specialize in their field. The outsourced vendors also have specific equipment‚ technical expertise‚ better experience and skills. Most of the times better than the ones at the outsourcing company. Effectively the tasks can be completed faster and with better quality output. 3) Concentrating on core process rather than the supporting ones Outsourcing the supporting processes gives the company more time to strengthen their core business process. The company will have more time to put more effort
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