Multinational corporations (MNCs) are facing an increasingly competitive landscape. An uncertain economic outlook, as well as cultural and regulatory differences, creates a challenging scenario for such firms. International expansion has a number of advantages for corporations, including higher growth potential and access to cheaper resources and labor.
This article provides information about the meaning and definition of Export Promotion: Export promotion has been defined as "those public policy measures which actually or potentially enhance exporting activity at the company, industry, or national level".
The article discusses how determinants of growth like state capacity, developmental expenditure, capital expenditure and doing business was not easy in West Bengal. The article also quotes statistics such as how the West Bengal was now slightly above the BIMARU states in terms of per capita SDP, the human development index was also slightly better than average, while the quality of higher education and infrastructure was poor.
Officials at the Office for National Statistics said the underlying trend was still showing imports rising steadily and UK exports falling. The UK bought 2.6bn more goods from the rest of the world than it sold in February, down slightly from January's 2.7bn.
China's ruling Communist Party says it plans to make the country's tightly controlled currency, the yuan, freely traded by 2020. The announcement Tuesday came as the party released more details of decisions at a meeting last week on its latest five-year development plan.
Is the lower value of Chinese currency hurting U.S. consumers and businesses? As U.S. President Barack Obama and Chinese President Hu Jintao discussed this controversial issue on the sidelines of the nuclear summit in Washington on Tuesday, for weeks CNN readers have engaged in a spirited debate on the topic online.
Myanmar has announced it will curb the widespread use of US dollars by firms, to stabilise the tumbling domestic currency, the kyat. The central bank has revoked foreign exchange licenses from businesses ranging from hotels and restaurants to golf clubs and hospitals.
Trade protectionism could hurt global growth and undermine economic reforms in developing countries, the world's top three economic organisations have warned. The warning came in a letter signed by the leaders of the World Bank, International Monetary Fund (IMF) and World Trade Organisation (WTO) and sent to leaders of the world's major industrial nations, who were meeting in Paris.
Brazil raised tariffs on 100 sectors last October to defend is declining industrial base, with fees of up to 25pc on machinery, iron and steel, plastics, chemicals, paper and wood products. It is now pursuing a full-blown "industrial policy" under its Plano Brasil Maior, with tax concessions for those who build plant locally.
As the global economy continues to face tough times, governments are increasingly playing politics with trade and giving in to protectionism. Says who? Well, Chinese officials, as it happens. Earlier this year, China's top promoter of foreign trade, Wan Jifei, said rising protectionism was having a negative impact.
Dairy farmers from around Ottawa took their cows and tractors to Parliament Hill this week, to protest the changes they expect in the Trans-Pacific Partnership trade deal.
The head of Jersey Electricity Company has defended the decision to put electricity prices up by 25% at the beginning of 2009. Since then the company has reduced its charges by about 5% percent. In 2009 the company made a profit of nearly £10m, which was down 10% on the previous year.
As stocks tumble and populist frustration with the political and financial classes grows, Trump is bringing protectionism back in vogue -- making threats to upend trends toward globalization that are decades in the making through the sheer force of his negotiating talents.
I have chosen this article in order to convey how politicians can use tariffs as a means to attract votes. Tariffs play a huge role in determining the import-export balance and using them in favor of domestic producers- even though it may cause the economy harm- may result with gaining advantage in ballots.
Japan and the United States are discussing slashing Japan's tariff on imported low-price pork products to about a quarter of the current rate as soon as an envisioned Trans-Pacific Partnership free trade agreement enters into force, informed sources said Thursday. The pork tariff would be immediately lowered from the current ¥482 per kilogram to ¥125.
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News about Supply-Side Economics, including commentary and archival articles published in The New York Times. The concept of supply-side economics, introduced by Ronald Reagan when he ran for president in 1980, has made a return in this year's election campaign, in an amended form.
TOKYO (Reuters) - Finance Minister Taro Aso said on Tuesday that monetary easing alone is not enough to end deflation and push up prices. "The deflationary mindset that has beset Japan for such a long time won't change suddenly. But we've seen some changes in the past two years, which is significant," Aso told parliament.
A new report from the Organization of Economic Co-operation and Development, which represents 34 mostly developed nations, said the rise in income inequality hurts economic growth. Today, the richest 10% of the population in member countries earn 9.5 times the income of the poorest 10%.
The Obama administration has announced plans to accelerate a shift in how the U.S. pays its $2.9 trillion annual health-care bill. Officials at Medicare, which covers one in six Americans, want to stop paying doctors and hospitals by the number of tests and treatments they do.
The Obama administration has announced plans to accelerate a shift in how the U.S. pays its $2.9 trillion annual health-care bill. Officials at Medicare, which covers one in six Americans, want to stop paying doctors and hospitals by the number of tests and treatments they do.
The Obama administration has announced plans to accelerate a shift in how the U.S. pays its $2.9 trillion annual health-care bill. Officials at Medicare, which covers one in six Americans, want to stop paying doctors and hospitals by the number of tests and treatments they do.
