Trading blocs are agreements between governments of countries where they agree to reduce or abolish tariffs and taxes on inter-country trading. While this might seem like a good idea on the surface‚ there are some significant disadvantages for countries joining trading blocs‚ which are also sometimes known as Free Trade Agreements. It�s been long believed by economists and some scholars that the disadvantages of trading blocs outweigh the advantages. Perhaps the main disadvantage of a trading
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The main reasons that the League of Nations was originally set up was to prevent war‚ encourage disarmament and as a way to settle international disputes through negotiation and arbitration. As stated by Wilson‚ ’This treaty is nothing less than an organization of liberty and mercy for the world’ (Foley 1969:129) The intentions of the League appealed to many countries‚ especially as they were still raw from the war and favourable towards pacifism. With the benefit of hind-sight it is easy to criticise
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Insider Trading: Should it be abolished? Insider trading is defined as “ trading whilst in possession of non-public information and if known to the public‚ may lead to a substantial movement in a security’s price” . In Australia it is prohibited by insider trading regulation (IT regulations) in the Corporations Law (CL) 1991 ‚ though it was initially established from recommendations made by the Rae committee in 1974 on the mining company scandals . The latest law changed one single section to
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Case Study Essay – Hedging Currency Risks at AIFS The American Institute for Foreign Study (AIFS) is offering cultural exchange programs for American students and High School pupils throughout the world. Their customers have the possibility to go abroad while the AIFS organises the whole trip for them. Due to their business model the revenues of the company are denominated only in USD‚ since the offer is for American students who pay in USD. Meanwhile the costs of the company is mostly denominated
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Why did Mao rise to power in China? “Communism is not love. Communism is a hammer which we use to crush the enemy. “Mao Zedong clearly referring to the Kuomintang. After a bitter civil war (1946-1949)‚ which faced the major Chinese parties Kuomintang and CCP‚ Kuomintang’s defeat‚ evidenced with Chiang’s and 200.000 people´s fled to Formosa‚ Mao Zedong (1893-1976)‚ born in Shoshan‚ Hunan‚ proclaimed the new People´s Republic of China with himself as both Chairman of the CCP and President of the republic
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increase 18% on a currency-neutral basis Net income attributable to shareholders up 25% to € 209 million adidas Group increases full year sales guidance • Comparable Retail store sales grow 17% currency-neutral • adidas and Reebok sales increase 18% and 24% respectively • Gross margin almost unchanged at 48.5% despite higher input costs • Operating margin up on a comparable basis • Net borrowings down 33% to € 914 million at quarter-end adidas Group currency-neutral sales
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1. What was the Renaissance and why did it begin in Italy? The Renaissance is the era of rebirth. It took play around 1300 to 1600 and in Europe‚ this era is known as a rebirth of art and learning. The Renaissance first began in Italy because in Europe‚ both England and France were at war with each other (The Hundred Years’ War) which prevented them into the age of the Renaissance. Italy‚ on the other hand‚ wasn’t at war and allowed the Renaissance to start. Three advantages that started the Renaissance
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16: Why Did We Enter World War I? World War I‚ also known as the First World War‚ was a global war centred in Europe. The war drew in all the world’s economic great powers‚ which were assembled in two opposing alliances: the Allies and the Central Powers of Germany and Austria-Hungary. America insisted on staying neutral and had the Atlantic Ocean to act as a barrier to not get involved with this war. But it was almost inevitable that America would eventually get involved and America did. America
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Trading Procedures in Financial Markets: A huge volume of trading occurs in the secondary markets. Although there are many secondary markets for a wide variety of securities‚ we can classify their trading procedures along two dimensions: location and method of matching orders. • Physical Location versus Electronic Network A secondary market can be either a physical location exchange or a computer/ telephone network. For example‚ the New York Stock Exchange‚ the American Stock Exchange (AMEX)
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M-Commerce 1.1 Introduction M-commerce is also known as Mobile Commerce which is another form of wireless E-commerce. As M-commerce is "the delivery of electronic commerce capabilities directly into the hands‚ anywhere‚ via wireless technology" and "putting a retail outlet in the customer’s hands anywhere." This can be done with just a mobile phone‚ a PDA connected to a mobile phone or even a portable PC connected to a mobile phone. The term M-Commerce is all about wireless E-Commerce
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