According to the data provided by the United States Census Bureau, the U.S has a trade deficit in goods (United States Census Bureau). The U.S trade deficit in goods is mainly caused by its lost in comparative advantage in labor-intensive products. However, the U.S has maintained a trade surplus in services. The issue is that the deficit in goods surpasses the surplus in services. Hence, its current account balance is deficient. Even though the U.S has an overall trade deficit, the nation is one
between China and the US. Meanwhile, discussion on key aspects of reasoning is lacking with emphasises on developing several points rather than expanding on thought provoking discussion. Noteworthy improvements can be ensued to make the article deep in analysis and so warrant publication. Firstly, the author examines the signification of the varying differences in calculating the precise amount of trade deficit. In my opinion the paper would be strengthened by the inner workings of why China underestimates
Abstract By assessing the export sophistication, diversification and product space evolution, we discuss the reasons behind thirty years’ growth miracle of Chinese economy and causes of recent slowdown. Disaggregated export data dating back to 1985 is utilized to analyse the characteristics of China’s export basket especially its sophistication level and diversification degree. And China’s development path as constantly extending into production of new and more complex commodities is discussed
policy—shape it. Some of the positives include free trade among nations, access to products and services, reduced cost of production, increased economies of scales and improved standards of living. Some of the negatives include reduced jobs in the home market, increased dependence on foreign nations for economic stability, impact on society and cultures. Globalization, driven by innovation in information technology, advancements in transportation and communication and a more sophisticated banking systems
an RMB hub. This move will put Sydney on the ‘map’ as a prominent financial centre globally and deepen financial ties prior to the likelihood of the Free Trade Agreement (“FTA”) between Australia and China being signed in November this year. In light of these recent developments and proceeding on the basis that the Australia-China FTA will happen, there is a clear need to critically analyse how it will effect Australia’s Financial Services Sector. I will discuss the internationalisation of the RMB
PHLIPS AND HAIER: COMPARATIVE CASE STUDIES Strategic Management II Lu Lu (6500354) Handed ON: 11th May, 2009 Word Counted (Excluding charts, references): 2989 PHLIPS AND HAIER: COMPARATIVE CASE STUDIES TABLE OF CONTENT ABSTRACT .......................................................................................................... 02 INTRODUCTION ..................................................................................................... 02 LITERATURE REVIEW
Comparison of HR Practices and Employment Relations Philosophies in China and Taiwan Introduction In the face of ever-increasing globalization, both China and Taiwan have now joined the World Trade Organisation (WTO); a more open market economy and closer integration with the global economic order appears to be inevitable for both countries (Magarinos et al. 2002). Human Resource Management (HRM) is one of the critical tools for improving productivity and competitiveness
Foreign direct investment in China - Deng, Ziliang. 2011, Foreign direct investment in China: spill over effects on domestic enterprises / Deng Ziliang Routledge New York This book provided great insight regarding foreign direct investment (FDI) and it ability to stimulate domestic enterprises productivity. It contained specific research conducted in the Chinese economy and in relation to my research topic, identified and explored China receiving the largest FDI influx of developing economies since
the World Trade Organization Debate Over China The open question on Chinese accession, both in the WTO and in China itself, is whether China is more likely to adopt and sustain economic reforms if it is granted early membership or if membership is delayed until policy reforms are undertaken. (Schott 40, 1996) I. Introduction This observation from Jeffery Schott of the Institute for International Economics captures the essence of the China-World Trade Organization debate in America
Although the raise of China as a super economy was done by creating a market economy with socialist characteristics aimed at making profit and its maximization, the country has maintained state ownership of the means of production and remained a closed economy. In order to accept foreign investors to operate in China, the government imposes that they must hold majority ownership. Easing inbound investment into China’s economy would bring a multitude of benefits to China including the international