This website uses cookies to ensure you have the best experience. Learn more

Advantages Of Technology In The International Market

654 words - 3 pages

Technology plays a major role in international trade. Databases, overnight delivery and faxes have opened the world market to not only larger companies but small ones too. To add to this globalization, companies and even competitors are combining and forming alliances to cut cost and increase the profit margin. Chrysler, General Motors and Ford have formed an alliance in research and development to avoid duplication. These alliances are not only with domestic companies but they also go over national lines. Companies are pushing for integration of the world economy in hope for increased profits and governments are beginning to listen.Since 1986 (GATT) General Agreement on Tariffs and Trade have taken the incitive to move towards the liberalization of international trade. GATT members agreed to reduce tariff and non-tariff trade barriers. From 1986 to the present due to GATT's lead many markets have been open to the United States increasing exports and increasing efficiency through competition.One of the most aggressive liberalization groups to follow GATT's lead is APEC (Asian Pacific Economic Community). APEC consist of 18 countries that account for 1/2 of the worlds output. The three largest economies Japan, China and the United States are members. APEC leaders are committed to achieving free and open trade for the region by 2010. APEC is moving towards this goal through many means including accelerating initial Japanese tariff cuts by 50%. China will also cut a number of tariffs by 30%. Indonesia and other APEC members are also reducing tariffs sharply. What sets APEX at the head of the pack leading liberalization is it wiliness to extend benefits of membership to everyone. APEX is willing to extend the benefits of cuts in tariff and non-tariff barriers to all countries willing to make comparable cuts. This is a major incentive for all countries because the Pacific Rim is the fastest growing market in the world and large profits are to be made...

Find Another Essay On Advantages of technology in the international market

Advantages of Technology Essay

923 words - 4 pages One of the new technology police officers are taking advantage of are the Stun Guns. “Stun gun, hand-held electronic device that produces a high-voltage pulse that can immobilize a person for several minutes with no permanent damage in most cases. It is powered by ordinary batteries, which supply power to a circuit containing transformers, oscillators, capacitors, and electrodes. “A Taser works by creating an electrical circuit, a

INTERNATIONAL BUINESS of IKEA in OVERSEAS MARKET

2393 words - 10 pages INTERNATIONAL BUINESSRECOMMENDING AN OVERSEAS MARKETINTRODUCTION:In this report I will analyses the market of our host country and macro environmental factors which should be taken in consideration before starting a project. According to me India is a growing country for business and IKEA is a global furniture company. I am going to analysis IKEA's opportunity in India.In this report I will first study about the company's portfolio and about the

Old Navy In The International Business Market

1849 words - 7 pages lines of business or in many international markets. It is also important when one subsidiary's output's is another's input. In such situations, coordinating operations from a single, high-level vantage point is more efficient. Purchasing is often centralized if all subsidiaries us the same inputs in production. Example a company that manufactures steel filing cabinets and desks will need a great deal of sheet steel. Some companies maintain

The Advantages And Disadvantages Of The New Technology

1066 words - 4 pages technology we now have a camera that is capable of recording with similar sharpness as 35mm The Digital Video Camera. The main difference between film and digital video is the cost of recording and the look it personifies. Other differences include the weight ease of duplication and transportability. For a long time digital recordings suffered from inferior sound and image quality when projected onto large screens, but recent advances in computer

Advantages and Disadvantages of Technology

1553 words - 6 pages , practically everyone knows how to use a computer, connect to the Internet, or use a smartphone. This is demonstrated by the way the Internet is used daily by millions of people to communicate, to sell, advertise, retrieve, and share information. Thanks to the Internet, information from anywhere in the world is at our fingertips. As a result, the advancement of technology has changed our life in many ways including; sharing of information

International Trade Simulation: Discuss the advantages and limitations of international trade

1385 words - 6 pages creates reasonably priced goods that are desirable to other countries. The contents of the paper will discuss the advantages and limitations of international trade as identified in the simulation and will indentify four key points from the reading assignments that were emphasized in the simulation. In addition there will be a discussion on the application of what was learned in the simulation to a familiar organization. Lastly there will be a summary

The International Bonds Market

1026 words - 5 pages competitive advantage over Carrefour in Europe as it provides only 5.25% of coupon and AEON with 2.5 % of interest rate. However, Shoprite may have problem raising more capital with Walmart, a direct rival issuing bonds with a return of 6.5% too. Advantages There are numerous advantages of being the “borrowers” in the international bonds market. Firstly, the size and the depth of the international bonds market is much larger than Shoprite’s domestic

Advantages and Disadvantages of Free International Trade

1468 words - 6 pages 1a) Advantages of free international trade 1. Increasing the production. Countries are enabled by free international trade to specialise or to focus in the production of the goods in which they have a comparative advantage. Specialisation countries can take the benefit of efficiencies generated from increased output and economies of trade. The size of the firm’s market are increased by the international trade which results in lower average

The Advantages of using Enzymes in Biotechnology

1159 words - 5 pages The Advantages of using Enzymes in BiotechnologyBiotechnology is the use of biological processes to exploit and manipulate living organisms and biological systems to develop or manufacture a product that is a solution to a problem.An enzyme is a protein, which is able to catalyse biochemical reactions. Reactions need to exceed their activation energy in order to take place. Enzymes reduce the need for activation energy and so allow reactions to

The International Monetary Fund's Advantages and Shortcomings

2226 words - 9 pages The International Monetary Fund (IMF) is an organization of international that was started in 1944 at the Bretton Woods Conference and it officially was created by 29 members of countries on December 27, 1945. A fixed exchange rate system set up in Bretton Woods Agreement in which each country the IMF par value for the currency based on gold and the U.S. dollar. By reason of the dollar was fixed at $ 35 per ounce of gold, is also the same par

The advantages of sports in school

524 words - 2 pages fruitfully. There are many advantages of sports in schools.Firstly, sports increases and strengthens the immunity system. As we exercise regularly, our bodies become stronger and the blood circulation is efficient. Accordingly, the organs function well and the person feels healthy. Thus, exercising increases out well-being and total fitness. On the other hand, people who lead sedentary lives do not exercise and prone to diseases such as

Similar Essays

Business’s Choice Of Entry Modes In International Market And Its Advantages And Disadvantages

2095 words - 9 pages Working title: Business’s choice of entry modes in international market and its advantages and disadvantages Introduction Well known companies like Nike, Microsoft, Sony, Shell Group are just some of the big companies that went global and expanded their trading around the world, they are large businesses that operate internationally in many countries. Development of worldwide integration urges companies to reach out international markets and

Advantages And Disadvantages Of Technology In The Classroom

838 words - 4 pages ). Teachers will continue to be the most important aspect of a child’s education because they teach and technology does not. The use of technology in the classroom can bring advantages to a child’s education but can also bring disadvantages (Cleaver, 2011). Technology properly used in the classroom has many advantages to a student’s learning. Technology can help students become more involved in their own learning process, which is not seen in the

Advantages Of International Adoption Essay

1651 words - 7 pages , food, shelter and most importantly security from loved ones that are needed to grow strong and healthy, physically, mentally as well as emotionally. These orphans that suffer daily all of the things us fortunate Americans take for granted every day. The adoption process can take anywhere from six months to a year in some cases even more, unfortunately international adoption can take even longer due to the fact you have to go through two governments

M Ilitary Advantages In Technology Essay

2377 words - 10 pages technology has raised to such a degree that warfare has actually come to the point that it is based on who has the most technological advances in their power. One of the wars that brought major achievements to our history was the Cold War. It began approximately in 1945 and lasted throughout 1991. It basically began right after World War II when Stalin told President FDR that he would allow democratic elections to be held in Eastern Europe. Soon after