Globalization is the process of worldwide amalgamation arising from the exchange of world views, ideas and products. Globalization has been known as one driving wheels of the economy that has enhanced production of products and…
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Data is the information that is gathered for analyzing, interpreting and making conclusion based on the available information. The source was from “database of international business statistics” which is accessed across the countries. The important features in the research are the demand and the years of the product production. The first then observations show the demand of the product in the market prior to the introduction of globalization. The subsequent years shows the impact of globalization to the product demand.
One of the limitations is the misuse of the data. This involves the use numbers in a biased manner so as to suit the researchers predetermined hypothesis and hence ease in making conclusions that are not scientifically justified. The wrong numbers used lead to misleading graphs and charts being drawn and this encourages error in conclusions (Boudreaux 2008). Statistics are normally based on probabilities hence the results vary from when the each variable could have been used. This makes the results to be amendable and/or provisional. The data collection is always narrowed by moral, financial and practical constrains that affects the conclusions to be drawn. The statisticians/researchers are do not completely agree on superlative methods hence inconveniences.
Data manipulations required before estimation is the arrangement of the data in an increasing total over the years of trading. The demand for the products over the periods of marketing should increasing conform the validity of the analysis (Selkirk 2012).
The last ten observations highlight the impact of globalization on demand and the sales of the company product. The total sales amounted to 2701M, a mean sale of 245.55M, a median sale of 246M and a mode sale of 262M.
From the above descriptive statistics, it is clearly shown that the total sales have increased substantially overtime i.e. from sale of 1177M to 2701M. This is 1524M sales increment
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The agricultural sector in China also depends on subsidies and the several types of non-tariff barriers geared toward the protection of the sector. These non-tariff barriers are aimed at protecting China’s internal capacity to economically produce agricultural products.
Since few decades countries all around the world is taking steps towards trade liberalisation allowing free movement of goods and services among them. They are reducing limitations, and in turn facilitate trade between them. Economic integration at regional as well as at global level through trade and investment are becoming a dominant development strategy across the continent.
The framework of the Melitz model focuses on analysis of intra industrial effects of the international firms on trade. The model lays emphasis on the manner in which exposure to the international trade is likely to induce the entrance of more productive firms into the export market.
It consists of 2 components – exports and imports. International trade has been in existence since the ancient times when countries across Asia and Europe used to exchange goods on the silk route. The importance of international trade has been growing recently with many countries increasing their national income through international trade route.
Several International conventions lay down the rules for the maritime organisations to follow as they are bound by these rules.Environmental rules have made the shipping difficult; but at the same time, it is definitely necessary as the seawater or seabed pollution could create unfortunate results
Much have been written about the factors contributing to the marked growth of trade between the years 1955 and 2004. Several factors have been mentioned and speculated to have contributed to such growth.
However, I personally believe that the four factors that may have contributed to the growth in merchandise in world trade between 1955 and 2004 are the following, but not necessarily in order: 1) the advent of and significantly rapid advances in information technology; 2) the reduction of, or, in some cases, elimination of, tariffs; 3) the rise in income cost; and, 4) the fall in transporters.
The output is set for a transaction at a market. The word “trade” has diversified from conventional term as a buying and selling to services and investments, funding etc. The services like customer support and other “information
The Organization for Economic Co-operation and Development (OECD) countries, in all these years experienced a good amount of rise in their trade volume, share mounting from 12.5 percent to 18.6 percent
However, on the way to delivery from John’s warehouse and Casablanca port, these three containments underwent significant amount of damage due to factors such as theft and climatic impacts. Correspondingly, when the situation has aroused on making a
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