The World Trade Organization (WTO) is an international body whose purpose is to promote free trade by persuading countries to abolish import tariffs and other barriers. As such, it has become closely associated with globalisation.
This article is saying how a land as barren as that of Nevada, can still make for good trade. Nevada has made itself a place where questionable events may be held. By doing this they give them self the comparative advantage in tourism. Tourism may not seem like a good but it is. Nevada, by hosting these events, give the tourist an incentive to come. Nevada has made itself more profitable than other tourist destinations by having things such as Boxing and Prostitution. In the interstate/international market for tourism, Nevada has made itself a top competitor.
In the economic terms, Nevada can produce certain services (prostitution, casinos, boxing,...etc) with less opportunity costs (prison, fines, fees,...etc) than the leading competitor. Also it is in a prime location. People from all over the states can fly or drive to Nevada to see the shows and events that would be illegal elsewhere.
This truly shows that with smart planning, any country/entity has the ability to trade successfully.
This article regards China as responsible for the recession in the USA because China causes unfair international trade where other countries do not stand a change against its labour force.
ABIDJAN, March 14 (Reuters) - Ivory Coast's economy will grow 8 percent in 2012 after contracting 5.1 percent in 2011, on stronger-than-expected post-conflict recovery, the International Monetary Fund said on Wednesday after meeting with Ivorian authorities.
Egypt is wanting a $3.2 billion loan from the International Monetary Fund to prevent a decline in the Egyptian economy, mainly caused by the political instability in the recent years. However leaders are concerned about the high level of debt as a result of borrowing loans.
Article talks about how the Doha Talks/negotiation has still not been concluded, even after a decade. Members are hoping to have a conclusion by 2012-2013.
The Federal Bank wishes to devalue the dollar by 33% over the next 20 years to put Obama's "American Production Power House" idea under way. Obama wants to make America the major exporter that it was in the 1920's but he is kind of cheating. Instead of devaluing the dollar to make exports more attractive, why not create avenues for entrepreneurship?
This article is in regards to the International Monetary Fund working to a new structure of voting rights, that would greatly benefit emerging economies such as China and Brazil. This would be appropriate seeming as China and Brazil's contribution is huge.
In this article, we can see that united states has its own reasons to claim now to pursue such a strategy, because it has run large deficits for most of the last three decades, become the largest debtor country and accommodated other countries' desire for export-led prosperity.
This article is about China imposing a heavy trade restriction (tariffs - $1 billion) on the import of chicken from the United States. The imposition of tariffs would lead to a loss in 300 000 jobs in the poultry industry in the United States.
The main idea of this article is exactly what the title states. China says that the high tariffs on solar panels produced in China "could undermine global economy and harm international efforts to combat global warming". Here, we can see several problems: scarcity and sustainability - the protection towards Chinese solar panels may force countries to use non-renewable sources as energy instead of renewable sources of energy such as the solar system. The article also mentions China's retaliation towards the US, as China would "purchase less American factory equipment and raw materials for making solar panels".
This article is about that China fears that if the US turns to protectionism it will have very bad effect and undermine the global economy, it would also harm international efforts to combat global warming.