Mutually Beneficial Us India Trade Relations

Trade is critical to America’s prosperity, fueling economic growth and supporting jobs at home. Trade with

Trade between nations of the world is extremely important in many aspects such as keeping a strong relationship between countries and to hold a good strong trust. It is through trade that

I believe that the U.S. should promote more international trade. When the U.S. trades with other countries, this may allow an opportunity to receive goods and services that can’t be produced due to lack of resources or even for lower costs. An article from “Benefits of International Trade” explains, “The rise of international trade is essential for the growth of globalization” (Economywatch, 2010). Although there may be some set backs with international trade, like increasing unemployment rates in the U.S., there seem to be more benefits.

The new American trade policies will affect the United States in many ways. Our new president can take many different approaches to the trade policies and will probably cut or renegotiate the policies we already have. There are many ways he can do this. There will be many organizations that will be affected, some pros to the policies, and some cons.

Problem: Working class Americans experience difficulties in finding work as labor intensive jobs are moved abroad. At the same time free trade is beneficial for the global economy as a whole. Here we can see a clash in interests as the interests of those in developing countries are protected as well by the WTO and free trade tends to be beneficial for the economy as a whole. However, the problem is that 20% of the prime male working population between the ages of 25-54 are unemployed and this number is around 35% of those who don’t have a high school diploma. For marginalized groups such as African American males the teen unemployment is over 40% and that of young black men from the ages of 16-24 is over 30%.

In contrast to Australians, Indians need to know very well these business people, before making a decision. Their negotiation process will be longer and for them it is crucial to have business dinner and many

After reading the first half of the text, I learned about the topics of globalization, economic development, international financial markets, and more. International business is relevant in almost all news articles today. Although I have learned a large measure of information from each chapter, I was mostly interested in chapter five’s topic of international trade which discussed how countries sell, purchase, or exchange goods across national boarders.

Free trade proves far more beneficial due to these reasons. First, consider the H-O model, a move toward autarky hurts the consumer welfare and the net efficiency loss is equal to the production and consumption distortion loss. By using a PPF analysis, welfare is higher at free trade than any other situations as the country gain net efficiency. Second, if many U.S. industries are dominated by monopolistic competitive firms, a loss of free trade would increase the average price of the product and lowers variety available to consumers in U.S. Therefore, it is justified to say that Mr. Trump claims are invalid. Since free trade helps consumers more than doing harm. According to the S-S effect, wages of some individuals in U.S. may fall as U.S. is trading with a relatively labor abundant country but the cost is concentrated. The positive welfare effects of free trade in U.S. are diffused across millions of consumers, which means the total gains for all consumers are huge.

Indians will often take longer than usual to get the U.S. company a contract, certificate, or document which can create a bottleneck (Hume, 2012). The bureaucrats holding up the progress expect a payoff for moving things along faster so having a local player or someone who knows how to weave in and out of bureaucracy in India may make business dealings easier. Hume (2012), suggests doing research beforehand to figure out who the right players are and be diligent. Other cultural nuisances when conducting business in India is their perspective on time. Indians don’t like to be ruled by a calendar or a clock so getting business done in a timely fashion is hard to accomplish. One of the frustrations with doing business in India is that the politicians have a great deal of power. If a person in office is in the process of being replaced and a company had business dealing with the previous person, business dealing will start over at square one with the new

Thank you so much for a great post! I think you did a great job emphasizing the benefits of trade as well as the negative impact on business and the economy in a lot of nations if the trade was suddenly cut off.

As Stephen M. Walt rightly notes in his article for Foreign Policy, the United States’ position as a just world leader has been increasingly undermined in recent years due to a number of foreign policy errors that appear to have done more harm than good. Evidently, the assumption during the War on Terror that an outside actor could successfully install a functioning democracy in a previously dictatorial country proved to be incorrect, as the instability that plagued the leadership of Nouri al-Maliki in Iraq and the subsequent rise of the Islamic State attests. Although global terrorism is unjustifiable, one only needs to take note of the 150,000+ violent civilian deaths that have occurred in post-invasion Iraq to understand why so many in the region currently distrust and resent involvement from the United States.

While there are some irritants in China-U.S relation, there are also many stabilizing factors. The PRC and the U.S are major trade partners and have common interest in the prevention and suppression of terrorism and preventing nuclear proliferation. China is also the foreign creditor; China’s challenges and difficulties are mainly

Since the winning of the elections, Narendra Modi has visited numerous countries to establish bilateral ties. Some had the intended outcome while others had not. The visit to Japan had failed to meet one of the main objectives - to sign an agreement on civil nuclear cooperation. Thus, building of nuclear plants in India remain stalled. Also in Nepal, he failed to sign agreements on the development and sale of hydro-generated power - the Power Trade Agreement and the Power Development Agreement despite India helping out Nepal in innumerable ways. Modi is still viewed as a polarising figure when it comes to international stage, an attribution that he should prove wrong. In the reforms introduced for labour, little work is done on tougher issues such as amendments to the Minimum Wages Act and the Contract Labour Act. Companies were also expecting changes in the Contracts Labour Act for more flexibility in hiring and reduction in number of

Starting from the 15th century, India, a country in South Asia, had an influential relationship with Britain. Buddhists, Hindus, and Muslims had ruled over parts of the vast country, and none had succeeded in ruling all of India until Great Britain came. Britain took advantage of the conflicts about wars for power between Marathas, Persians, and Sikhs, so they arrives at a opportune time. This was the time when the British East India Company was established in India to break the Dutch monopoly over spice trade. Britain had started setting up trading ports in India and exchanging goods like cotton, tea and opium. After the East India Company won the battle in 1757, with the time the East India Company increased its powers and they began to operate

The methodology was carried out in 3 phases. Phase 1 features the study of current trade patterns by conducting a literature review in Chapter 2. Phase 2 features interview sessions with industry professionals as part of the Delphi Technique. The final stage, Phase 3, is the analysis of the interview results to determine the future outlook of Intra-Asia trade. The focus of the analysis is to identify possible opportunities, threats and uncertainties of the trade.