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They exchange goods, labor, technique and capital. Nowadays, along with the growth of economic and the openness policies, the global economic integration walks into our life.
In the world wide, global economic integration is countries more and more rely on each other, import and export more and more among countries. Since the early s, followed by an economic in favor of laissez-faire, the free market, and the gold standard, the number of countries cooperate was increased sharply ever.
This represented a real increase of 3. The world imports increased to In spite of rapid advancement of productive forces and science and technology worldwide, as countries become increasingly closer in their relations and the charges and commission rates for trans-border transactions and capital transfer, their economic interdependence and mutual support of relative advantages have grown all the more obvious.
They are attached to one another and make into a whole. It is easily to see in modern business world. Analysis the positive on global economic integration In the first place, as we can see in the world, different countries have their own advantages and disadvantages, such as China and India are labor intensive, on the other hand, Japan and German are technology intensive.
The Heckscher-Ohlin theorem told us different countries produce the same products costs are different, it depends on labour, original resources, land, etc. This is comparative advantage. Global economic integration makes comparative advantage more distinct.
Companies concentrate on theirs intelligent and saving costs. Secondly, economic of scale as a result of the larger market, many multinationals set up branches in other countries, use the natural resources which can reduce their costs, such as New Zealand land, Indian labour, or Japanese high technology.
Each company just produce one part of the goods which they are good at. This way can save time, energy and reduce waste, obviously, it save costs, make companies more efficiency. Encourage the developing countries development and shorten the gap with developed countries.
It also provided good chances to developing countries to learn new technology from developed countries.
Turnitin provides instructors with the tools to prevent plagiarism, engage students in the writing process, and provide personalized feedback. The last point is global economic integration can well management the world business. It use examples and figures to analysis the economic integration brings benefits. Then it turns to the negative side, it describes the harmful phenomenon when the . School segregation in the United States has a long history. In African Americans in Boston including Prince Hall campaigned against inequality and discrimination in the city's public schools. They petitioned the state legislature protesting that their taxes support the schooling of white students while there was no public school open to their children.
In addition, it put capital, products, technology, labour and market in ordered, the economic integration urge the competitive among countries more strong and intension.
The reason of this is the resources are limited in the world and every country want to protect its profits and status in the business world.
Global economic integration provides more opportunities to domestic firms and provider wider consumer choice. Along with global economic integration spread the world, governments reduce the tariff to fetch more foreign investment. More and more countries want to join the World Trade Organization WTOin order to get more opportunities to becoming multinationals.
It seems a sigh to join WTO means more and more countries are on the way to achieve the target of global economic integration, the organization protect their rights to be fair and free. It is not only benefits for the company and businessmen, economic integration also bring a lot of benefits to consumers; they can shop locally and have more choices, people can choose whatever they want from the worldwide.
Another important point need to mention that economic integration can avoid monopolization. In the past, the policy was blockage, people have to buy the products in the local markets otherwise they have to pay a big amount of money on tariff, in this reason, some company are lazzie-faire.
They do not care the quality of the products and put the price on the top, because they do not have competitors. However, economic integration avoids this bad situation, it push companies do better because they have strong competitors around the world, and it makes companies produce products more efficiency and forces firms to produce quality products, encourages firms to innovate.
In addition, as we know, the financial crisis is one of the biggest events in the last two years. There is no doubt that openness environment policy can encourage the multinationals cooperate. Economic integration provides the chance to countries to hold together face the difficult situation.
It wills influencing the whole world and difficult to avoid. Such as the financial crisis in America inat the beginning just American bank bankrupt, but as we know, many multinationals cooperate with the USA, they all play a role in the business chain, one part broken, the other will broken one after another.
Another example is inthe currency crisis in Thailand, it contagion quickly to the southeast of Asia including Japan and South Korea. It becoming the seriously area economic crisis, then it spread into Russia and South America, finally, it become the global economic crisis.
Take the European Union for example, inthe EU start to use EURO instead of their own currency, in order to promote greater integration in the global economic they have to give up or make a concession to currency dominion and tax policy.
Besides the EU, other countries are also face to a big challenge.
One of these challenges is to make a concession to economic dominion and the governments reduce the tariff and open to business conversation. The global economic integration makes a big gap between rich and poor.
Because of the higher growth, but regulation may be laxer in developing countries. They are developing on political, economic and diplomatism, the stativity economic situation will influence the developing countries.Advantages of the Union Advantages of the Confederacy -Banking, Factories and ships.-More railroads to move supplies, men and equipment.
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"The current European model of economic integration, through three essential components: the political commitment, the legal and institutional system, and the set of common actions and policies in favor of integration".
(Rueda-Junquera, ) The importance of economic integration is defined in terms of these three main components. The United Nations Economic Commission for Europe (UNECE) accepts interns on an ad hoc basis. The internships are open to graduate or post-graduate students and recent graduates, who have specialized in a field related to UNECE programmes of work, namely: environment, transport, statistics, sustainable energy, trade, timber and forests, housing and land management, population, economic.
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