Showing posts with label 21stcentury. Show all posts
Showing posts with label 21stcentury. Show all posts
Thursday, March 1, 2012
Sunday, February 26, 2012
Definition of globalization
Negative integration
Negative integration is the breaking down of trade barriers or protective barriers such as tariffs and quotas. In the previous chapter, trade protectionism and its policies were discussed. You must remember that the removal of barriers can be beneficial for a country if it allows for products that are important or essential to the economy. For example, by eliminating barriers, the costs of imported raw materials will go down and the supply will increase, making it cheaper to produce the final products for export (like electronics, car parts, and clothes).Positive integration
Positive integration on the other hand aims at standardizing international economic laws and policies. For example, a country which has its own policies on taxation trades with a country with its own set of policies on tariffs. Likewise, these countries have their own policies on tariffs. With positive integration (and the continuing growth of the influence of globalization), these countries will work on having similar or identical policies on tariffs. Effects of Globalization According to economists, there are a lot of global events connected with globalization and integration.Friday, February 10, 2012
Thursday, February 9, 2012
Thursday, February 2, 2012
Wednesday, February 1, 2012
Monday, January 30, 2012
Sunday, January 29, 2012
globalization and health
