MCom Part I Economics of Global Trade and Finance Semester I 2012-13 Dr. Ranga Sai Department of Business Economics Kelkar- Vaze College‚ Mumbai-400081 Dr Ranga Sai Vaze College‚ Mumbai Preamble The syllabus of M. Com Part 1 is designed to acquaint the students with the various aspects of International Trade‚ Commercial Policy and Global Finance as well as recent trends and developments in international trade. SEMESTER I Module 1: Commercial policy Tariff and Non tariff
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Disadvantages and Advantages of global language To start we need to define global language. Global language is the language spoken internationally that many people learn as a second language. There are many different advantages and disadvantages of global language. Some of the advantages are: • Another language added to many people’s vocabulary. • Communication becomes easier because people may communicate with this global language. • Global language is used in business and worldwide
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decide to engage in global marketing? The benefits to firms that decide to engage in global marketing is that they get additional revenue‚ get insight into consumer behavior‚ alternative distribution strategies‚ and advance notice of new product. Also‚ they acquire new approaches to distribution‚ or clever new promotions that they may apply successfully in their domestic market or in other international markets. 2. Why is a nation’s infrastructure an important factor for global marketers to consider
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minutes. 3. Course Schedule week 1 (09/03) Ch. 01 Introduction to Global Marketing week 2 (09/10) Ch. 02 The Global Economic Environment case 2-3 week 3 (09/17) Ch. 03 The Global Trade Environment case 3-1 week 4 (09/24) Ch. 04 Social and Cultural Environments case 4-1 week 5 (10/01) Ch. 05 The Political‚ Legal‚ and Regulatory Environments case 5-2 week 6 (10/08) Ch. 06 Global Information Systems and Market Research case 6-2 week 7 (10/15)
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Disadvantages of World Trade Organization (WTO) 1. The WTO only serves the interests of transnational corporations The WTO is as democratic as its member governments; and between the members it is ultra-democratic because decisions are taken by consensus — all members have to be persuaded. The rules are written by member governments‚ no one else has access to the negotiations. However‚ governments‚ which are elected democratically by their citizens‚ do take into account the views of various groups
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crore worth of furniture a year. The US furniture seller that imported products from China is now looking to Bangladesh as the cost of doing business is rising in China. Paul Robert that also sells furniture in Europe and the Middle East signed a “global supply agreement” with Hatil at Ruposhi Bangla Hotel in the city on Thursday. “I am confident about the skills‚ commitment and dedication of Hatil as a supplier to the world‚” he added. Paul Robert selected Hatil as its manufacturing partner in Bangladesh
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a) What systems should Brian implement in order to start changing the human capital practices in the Beachside Hotel? * In order to start changing the Human Capital practices at Beachside Hotel‚ there needs to be a serious shift in the culture there. Since Brian did not have any human resource background‚ he does not get involved in hiring‚ training and ensuring that these functions are used to build a stronger service culture. That is why Mary the human resource practitioner was put into place
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International trade has greatly increased since the industrialization era of the late nineteenth century‚ and even more so in the past couple decades. The creation of trade agreements among nations and advancements in technology have made trade a more viable option‚ with the reduction in overall costs and time required for transportation. Despite this‚ some see free trade as a detriment to domestic economic growth. The Global Economics video on free trade and protectionism addresses both these sides
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the participation of outsiders in trade union activities. It leads to chaos and complications when politicians and lawyers become the office bearers of the union. This concept of outsiders being office bearers of a trade union does not exist in other countries . Comparing the trade union activities in Singapore‚ which mainly encourage production‚ that of India usually restricts productivity and economic growth . There are numerous examples to show that the trade union activities are one of the biggest
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Global Trade and the Impact of the American Dollar Globalization and global trade have become the norm of American society and many other countries around the word. They both stimulate the economy in a variety of ways. They force economic growth to occur‚ create new jobs‚ cause prices on goods to fall‚ and overall they improve our standards of living. On the other hand globalization and global trade can hurt a nation economically‚ socially‚ and politically. After WWII‚ the growth of the economy
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