Confidentiality and the Case Worker Introduction The world is small and is getting smaller all the time. The advent of the internet has made the anywhere in the world virtually as close as the click of a mouse, and the over development of the worlds nonrenewable resources has made untapped land impossible to find. This paper will identify how the worlds commerce is divided, the role of the internet, what the author predicts will drive the future economy, the affects war have on global economy, and the affects the economy on the environment.
Division of World Commerce One of the foremost factors that drive the global economy is that of trade blocs. These are formed when nations join together to form a free trade area, which means that the countries are allowing trade without tax or tariff between each other, something that can propel the economy of a country by allowing it to trade in areas that it had previously been unable to without penalty. This is particularly helpful to landlocked countries that depend on the coastal countries to be able to export worldwide.
Without an agreement, these countries would be essentially cutoff from the rest of the world making their economy suffer greatly! Individual countries are not limited to the amount of trading blocs that they can take part in; however, it seems that countries with either like interests or geographic closeness seem to work together more successfully. Some of the most notable trade blocs in the news right now are the North American Free Trade Agreement (NAFTA) between Canada, Mexico, and the United States, the North Atlantic Treaty Organization (NATO), and the European Union (EU).
The Essay on China And The World Trade Organization
"The China WTO agreement is good for the United States, it s good for China, it s good for the world economy." - Bill Clinton (US, China reach , 2.) China has negotiated membership into the World Trade Organization and its predecessor since 1986. It is the largest trading nation still outside the system, with trade last year worth more than 300 billion dollars and until it joins the World Trade ...
Role of Technology One of the largest technological advances affecting the economy is the internet. This has allowed businesses from anywhere in the world to have an international forum to sell their product. In addition, it has brought the major markets of the world to one centralized location, making it possible for anyone to buy stocks from anywhere in the world, all without leaving their home. According to one article (Kraemer, Dedrick, & Melville, 2007), “the new millennium coincided with an explosion in the use of the Internet for commercial purposes” (p. ).
This idea has changed the way that businesses around the world have had to approach commercial marketing. As well, it has been noted by some that use of the internet in a global market is markedly biased towards businesses in the United States, as this is where the majority of the internets developments over the past 10 years. The globalization that eCommerce has brought to the world financial markets has brought on the talk of a centralized currency to the internet (Yeomans, 1999).
Throughout its history, the internet has primarily dealt with the use of credit cards, such as Visa or MasterCard, as the currency of choice. This idea is a good, however without the factoring of the daily changes in the value of other currencies than US money or the Euro, it is useless and can be damaging to developing countries whose money may not be as strong as that of larger countries with established currencies. Some argue that it is imperative to find a way to have a globalized currency for the internet, as only 10 % of the world’s money is actual paper and the rest is on computers.
In addition to providing an even balance for international companies, having one currency for the internet could also provide a useful way to monitor financial transactions and habits on the internet. Author’s predictions When doing the research for this paper, it became obvious to the author that in order for the world to continue to grow economically, it is imperative that it learn how to grow as people. The most pressing issue that needs to be addressed is the environment. It is obvious, based on the price of gas and oil, that one of the most important issues facing the world is finding alternatives to fossil fuels, especially oil.
The Essay on European Countries War World One
Arch Duke Franz Ferdinand's assassination sparked a chain of events that resulted in Britain declaring war on Germany, and the world erupting in World War One. This however, does not mean that war would not have happened without the assassination. The beginning of the twentieth century was a card house of peace built in a wind tunnel, one small breeze such as Gavrilo Princip was the cause in this ...
It is the prediction of this author that the countries who commit to developing these alternatives, such as ethanol, will prosper in the future. In addition, when the use of these alternatives becomes more readily accepted, the world’s dependence on oil will end, and the environment will be able to repair itself. As well, whichever countries are able to develop these alternative fuels to their fullest, will be able to prosper immensely! How does war factor in? It is a long-standing myth that war is good for the economy.
Primarily in the United States, where the only thing that linked the Great Depression and one of the most prosperous times in its history was World War Two(Moffatt, 2008).
However, this is merely coincidental, and if anything, war can only hurt the economy of any country. One of the primary reasons that it affects the economy is that it is extremely costly. As well, most of their resources are diverted in support of the war, and its industry has to focus on supporting the war rather than on globalizing and gaining momentum.
Granted, there is an immediate strengthening of the economy based on a surge in the need to produce supplies locally to support a country at war such as aircraft, tanks, uniforms, and even food to feed the troops. However, most importantly, war causes strain on the relationships with other countries, something that can have a huge economic impact on the country at war. An example would be Venezuela. While the country is in the midst of becoming part of one of the largest trade alliances in history, it has everything to gain by following with its fellow South American countries and allowing progress to occur.
However, it is finding itself at odds with its fellow countries, particularly Columbia and Ecuador, which may result in the potential loss of millions of dollars in trade. Another example is Iraq. With its large amounts of oil, the economy should be thriving. However, due to the current war situation, and the previous 25 years of war and economic sanctions, not to mention the dictatorship of Saddam Hussein, the people of Iraq suffer from widespread poverty and an unsure economic future.
The Essay on Analyse the effects of domestic and global free trade
Analyse the effects of domestic and global free trade and protection policies on the Australian economy Free trade is the unrestricted purchase and sale of goods and services between countries without the imposition of protection such as tariffs and quotas. This enables economies to focus on their core competitive advantage(s), thereby maximizing economic output and fostering income growth for ...
The country may be coming back together slowly following the overthrowing of the government under Saddam Hussein, but it has a long way to go before it can financially stand on its own two feet. Affect on the environment . Because commerce is so dependant on the environment and the resources of a nation, it is imperative that the effects that commerce has on the environment be monitored closely. Areas that are depleted of nonrenewable resources will eventually lose their source of income, something that will really hurt their economy.
This is why it is so important for the world to consider alternatives that may save the environment and will be renewable and a continuous source of income. The United States is currently working to solve this problem with the help of organizations (Commission for Environmental Cooperation, 2008) such as the Commission for Environmental Cooperation (CEC).
They are working to connect free trade with the effects on the environment and to “identify opportunities for policy integration between environmental and trade policies” (para. 1).
