OSCM6120 Sanlu Milk Crises #1 Background On 12 September 2008, Sanlu Group, the biggest producer of milk powder in China, rocked the country when it admitted that its infant formula had been contaminated with the toxic chemical melamine. China's national inspection agency extended its investigation to other dairy manufacturers across the nation. Shockingly, products of 21 other dairies, including some famous Chinese brands, also tested positive for melamine. Due to consumption of melamine-laced
to invite China into the Trans-Pacific Partnership. The Trans-Pacific Partnership, also known as the Trans-Pacific Strategic Partnership Agreement, is a multilateral free trade agreement (Yuan 1). Countries currently in the TPP include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam (Shaw, par. 6). “The deal would eliminate 98% of tariffs on products including dairy, beef, wine, sugar, rice, resources, and energy” (Bajekal, par
nts Introduction 1 Price in marketing 1 Pricing strategy-Cross Subsidy 1 Ethical issue in pricing-Predatory Pricing 2 Advantages of predatory pricing 3 Disadvantages of predatory pricing 4 Example in pricing 4 Summary of example 7 Conclusion 7 Reference 7 Introduction Price is all around us. You pay accommodation fee for your hostel, tuition for your education. You pay transportation fee such as airline, railway, taxi, and bus. And the bank charges you interest for the money you borrow, the
The South China Sea Dispute There is a stark contrast between the schisms of the twentieth century and the ones of the twenty-first. The wars of the twentieth were primarily fought on dry land, in Europe, however, in the twenty-first century, the military, economic, and demographic focus of the globe has become increasingly maritime. Maritime including the sea, air, and outer space, because ever since the aircraft carriers and satellites were put into use, the air and outer space have become interconnected
Those who oppose free trade do so because they view it in zero-sum terms instead of absolute terms. President Trump’s views on trade is similar to this zero-sum way of thinking. He claims that trade has decimated manufacturing in America, despite evidence that says that automation and productivity are the main culprits for this decline. Writing in Foreign Affairs, Douglas Irwin, points to “one representative study, by the Center for Business and Economic Research at Ball State University, [that]
Is Bilingual education necessary? We find that in the present. Bilingual education has a role and necessary in our life very seriously. Both the economy and the tourism industry. True that we have local language as our own, but in the same way. On the communication for business, we need to help to bring the middle language to make it easier for communication. We need for instill, speaking, reading and writing in at least one language in the universal language, such as United States, Australia and
1. Introduction to Trade Policy. When trading in an international market, a company must understand the ways, countries can interfere with trade. These trade barriers, according to Kishore Kulkarni’s book on International Economics, cause trade to “diverge from the comparative advantage pattern” (pg.266). David Ricardo’s comparative advantage “is an economic law that demonstrates the ways in which protectionism is unnecessary in free trade” (pg.145). This section will provide an in-depth look at
the course of worker’s movement in Canada. The Trans-Pacific Partnership aims to establish a tariff free economic cooperation zones between twelve countries around the Pacific Ocean. These countries are the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, thus creating the largest trade zone in the world (Jackson, 2015). The
Digital or online piracy is one of the biggest if not the biggest criminal cyber acts today. It has been a major problem for nearly two decades. Sellers of digital products (ranging from music to software) are actively fighting the availability of pirated copies of their products, but despite more sophisticated copy protection, the problem is still out there (Sundararajan 2004). So what exactly constitutes online piracy? It's important to have a working definition, especially when the behavior
a federation of thirteen states and three federal territories in Southeast Asia. The capital of Malaysia is Kuala Lumpur which has a population of almost seven million. It consists of two regions separated by the South China Sea and is bordered by Brunei, Indonesia and Thailand. The government is Constitutional Monarchy, where head of state is king and head of government is prime-minister. The economic system is mixed where private freedom combines with centralized economic planning and government