This document discusses several economic issues affecting international trade, including differences in income distribution and the effects of import/export policies. It provides data on average weekly wages in various countries. It also discusses topics like quotas, taxation, subsidies and their impacts on global business and trade. Local effects of international companies operating in places like India, Thailand and their supply chains are also mentioned.
Price mechanism in the rmg industry of bangladeshAyman Sadiq
The Ready-Made Garments (RMG) industry occupies a unique position in the Bangladesh economy. It is the largest exporting industry in Bangladesh, which experienced phenomenal growth during the last 25 years.
The industry plays a key role in employment generation and in the provision of income to the poor. Nearly four million workers are directly and more than twelve million inhabitants are indirectly associated with the industry. Over the past twenty five years, the number of manufacturing units has grown from 180 to over 5000.
The sector has also played a significant role in the socio-economic development of the country. It continued to show robust performance, competitive strength and, of no less importance, social commitment. RMG’s contribution to Bangladesh economy is well-known, well-appreciated and well-respected.
Price mechanism in the rmg industry of bangladeshAyman Sadiq
The Ready-Made Garments (RMG) industry occupies a unique position in the Bangladesh economy. It is the largest exporting industry in Bangladesh, which experienced phenomenal growth during the last 25 years.
The industry plays a key role in employment generation and in the provision of income to the poor. Nearly four million workers are directly and more than twelve million inhabitants are indirectly associated with the industry. Over the past twenty five years, the number of manufacturing units has grown from 180 to over 5000.
The sector has also played a significant role in the socio-economic development of the country. It continued to show robust performance, competitive strength and, of no less importance, social commitment. RMG’s contribution to Bangladesh economy is well-known, well-appreciated and well-respected.
Government Grants & Incentives to Power Your StartupNifty Grants
Discover the grants and incentives available to Australian startups and emerging companies, including:
* R&D Tax Incentive
* Export Market Development Grant
* ATO private rulings for Early Stage Innovation Company status (investor tax incentives)
Key takeaways
*A basic understanding of the above programs
* Hints to confirming eligibility
* Details for how to claim / apply
* The benefit you can expect back from each program
Created by Nifty Grants, a service by PwC Australia. Learn more at niftygrants.com.au
Doing Business in Brazil: Common Pitfalls and How to Avoide Themhspblog
With a sophisticated technology sector, one of the largest workforces in the Americas, and one of the fastest growing economies in the world, it’s clear why Brazil is a popular choice for international expansion. But the labyrinthine Brazilian system can be confusing, and if your operations there are not set up optimally, you may face significant unexpected taxes or fines. Join us for this informative webinar to learn how to navigate it successfully.
Government Grants & Incentives to Power Your StartupNifty Grants
Discover the grants and incentives available to Australian startups and emerging companies, including:
* R&D Tax Incentive
* Export Market Development Grant
* ATO private rulings for Early Stage Innovation Company status (investor tax incentives)
Key takeaways
*A basic understanding of the above programs
* Hints to confirming eligibility
* Details for how to claim / apply
* The benefit you can expect back from each program
Created by Nifty Grants, a service by PwC Australia. Learn more at niftygrants.com.au
Doing Business in Brazil: Common Pitfalls and How to Avoide Themhspblog
With a sophisticated technology sector, one of the largest workforces in the Americas, and one of the fastest growing economies in the world, it’s clear why Brazil is a popular choice for international expansion. But the labyrinthine Brazilian system can be confusing, and if your operations there are not set up optimally, you may face significant unexpected taxes or fines. Join us for this informative webinar to learn how to navigate it successfully.
2. Specification detail
The extremes of income distribution
internationally
The effect of import protection and export
subsidy on businesses
3. Average weekly pay
Country Weekly Pay (£)
Brazil 58
Bulgaria 25
China 23
Germany 392
India 15
Latvia 46
Slovakia 76
UK 447
• Not only wages but the cost of petrol for transport and rent are
much cheaper.
• If you owned a store that produced sporting equipment, what
would this information tell you?
4. Good business or exploitation?
IndianGarment Factory : Here
Working in the Thai rice industry: Here
Supplying our chocolate: Here
5. Local effects of global
business
Quotas: only allowing a certain amount of
any product to be sold in a country
Taxation: making business pay to import
products.
Subsidy: Paying local people a sum of
money which allows them to compete
globally.
6. 1. Import protection
Quotas:
A government can impose an
import quota on any commodity.
Customers will then have less
choice and local producers have
no incentive to reduce their price.
Those wanting to import their
product will often bid/pay for their
right to sell their item in this
country. In turn, this will make the
item more expensive.
7. 2. Import protection
Taxation
Governments can make business pay a
certain amount of tax for each unit they
want to import.
Local producers do not need to pay this
tax. This makes imported items more
expensive
Are imported items cheaper?
Why/Why not?
8. Export subsidy
Subsidy : Here
Businesses may receive a payment to export what
they produce. The money they earns means they
can sell their product for less and still make enough
to compete.
The World Trade Commission has put pressure on
governments to cease this funding. Bad news for
local farmers, great news for international farmers.
An Argument in economics exists: If it can be sold
at a price that the markets wants, it shouldn’t be
part of the market.