1. International trade began as an exchange of surplus goods between ancient societies and communities. People later specialized in producing certain goods.
2. Countries trade because their distributions of economic resources differ - some have abundant natural resources while others have more advanced technologies. This allows countries to benefit by importing goods they have a comparative disadvantage in producing.
3. International trade benefits consumers by maximizing the satisfaction of their wants through access to a variety of goods from different countries.
Globalization : Concept & Factors affecting globalization & Restraining
International Business : Reasons for expansion
Concepts : International Trade, International Marketing, International Investment, International Management & Global Business
New Trade Theory : Internal and External Economics of Scale
International Political System and Ideologies
Types of Govt., Economies System, Political System
Principles of International Law
Culture Orientation in International Business
International Trade: Classification and problems of International Trade. suitable for students studying Export Marketing, International Trade, Foreign Trade, Export Management and so on
Introducton to international business
concept of international business
features of international business
scope of international business
nature of international business
trends in international business
opportunities in international business
challenges faced by international business
why go for international business
difference between international business and domestic business
these are certain notes that i prepared on Intoducton to international business
hope they help you
these are in a nutshell format.
Globalization : Concept & Factors affecting globalization & Restraining
International Business : Reasons for expansion
Concepts : International Trade, International Marketing, International Investment, International Management & Global Business
New Trade Theory : Internal and External Economics of Scale
International Political System and Ideologies
Types of Govt., Economies System, Political System
Principles of International Law
Culture Orientation in International Business
International Trade: Classification and problems of International Trade. suitable for students studying Export Marketing, International Trade, Foreign Trade, Export Management and so on
Introducton to international business
concept of international business
features of international business
scope of international business
nature of international business
trends in international business
opportunities in international business
challenges faced by international business
why go for international business
difference between international business and domestic business
these are certain notes that i prepared on Intoducton to international business
hope they help you
these are in a nutshell format.
WTO & Trade Issues - International Trade Environment.pptxDiksha Vashisht
To better understand how modern global trade has evolved, it’s important to understand how countries traded with one another historically. Over time, economists have developed theories to explain the mechanisms of global trade.
The main historical theories are called classical and are from the perspective of a country, or country-based.
The term Globalization was first coined by Theodore Levitt in a Harvard Business Review article..
He mentioned that the future belonged at global corporations that adopted strategies..
Globalization refers to the increasing unification of the world's economic order through reduction of such barriers to international trade as tariffs, export fees, and import quotas.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
2. • In the beginning, ancient societies produced goods only
for their consumption needs. However, people realized
that it was not really possible to produce all their needs.
So they started exchanging their surplus products with
those of other communities. Later on, they discovered the
benefits of product specialization.
3. • ―Even if you are the best lawyer and the best
typist in town, it is better to engage only in
legal practice and let a secretary do the job of
typing.‖
– Prof. Paul Samuelson
4. – the distribution of natural
resources, labour and capital
goods among countries is not
even.
5. • More abundant factor is cheaper –
means cheaper cost of production and market
price serves as the basis of a profitable trade.
• Technological efficiency – a country
which has the most efficient technology can
produce goods at the lowest price, with the
best quality, and the highest quantity.
6. • Why do countries trade if all countries
have exactly the same economic
resources like land, labour, and capital,
and that they produce their goods and
services with the same efficiency, quality
and price?
7. • In the real world, the distributions of economic
resources are not the same. Some countries
have abundant natural resources while others
are deficient. The rich countries have modern
technologies while the poor countries use
primitive technologies. There are also
geographical variations among countries which
are mainly responsible for the differences of
products produced by them.
8.
9. – concerned with allocation of
economic resources among
countries.
10.
11. • Best products are produced and sold in a free
competitive market.
Example:
One fundamental principle in international
trade is that one should buy goods and
services from a country which has the lowest
price, and sell his goods and services to a
country which has the highest price. (good
for both buyers and sellers)
12. • Less developed countries have the
opportunities to accelerate the pace of their
economic development.
Example:
They can import machines and adapt
foreign technology. They can send their
scholars and technocrats to more
progressive countries to gain more
knowledge and skills which are relevant
to the particular needs of their
developing economies.
13. • People with money can acquire
goods and services which are not
available in their countries.
• Satisfaction of consumers can be
maximized.
14. is a politico-economic doctrine which
believed that the power and prestige of a
nation depended on its accumulation of
gold and silver.
it involved the active participation of the
state in achieving favourable
international trade.
15. • The merchant capitalists supplied raw
wool to the homes of spinners and
weavers; collected the crude cloth and let
other workers finish the product; and
then they market the final product. In
some cases, the capitalists provided the
raw materials, tools of production and
building for the workers.
16.
17. a statesman of Florence, and the intellectual
leader of the Renaissance who supported the
idea of supremacy of the state over all other
sources of power, including the church.
he was in favour of a benevolent dictator who
could achieve material prosperity for his
powerful national state in order to maintain
order and facilitate the creation and
accumulation of wealth.
18. wrote ―A Brief Treatise on the Causes
which can Make Gold and Silver Plentiful
in Kingdoms Where There are No Mines‖.
he maintained the superiority of industrial
products over those of agriculture as far as
exports and profits were concerned.
19. ―England’s Treasure by Foreign Trade‖.
argued that the ordinary way to increase our
wealth and treasures is to sell more to
foreigners than we buy from them.
he further stated that such favourable trade
could be attained by encouraging exports and
at the same time by discouraging imports.
20. is the ideological belief in giving all people
economic freedom, and as such granting people
with more basis to control their own lives and
make their own mistakes.
it is an economic philosophy that ideally
supports and promotes individual liberty and
choice in economic matters and private
property in the means of production.
21. states that a country should export those
goods in which it has the greatest
advantage, and import those goods in
which it has the greatest disadvantage.
22. leader of the classical economists,
pointed out the defects of mercantilism,
and stressed the benefits of free trade.
He further stated that if it is cheaper to
buy a product than to produce it, then do
not produce it.
23. ―Theory of Value‖ –
states that the value of
any product depends
on its labour cost, and
labour cost is
determined by the
number of days in
producing a certain
product.
Example:
It takes 10 days to
make one unit of cloth
in Taiwan, and 20
days to make the same
unit of cloth in
Tanzania; then the
value of such cloth is
cheaper in Taiwan.
24.
25. • birth of the factory
system of production as
a product of the
Industrial Revolution
• growth of transportation
facilities like railway
and steamship
• disappearance of
tenancy(feudalism)
• emergence of specialized
market facilities such as the
presence of dealers and
brokers
• development of banking
and financial facilities led
by London
• foreign investment which
helped the economic
development of the world
like the United States,
Canada, and Australia
26. gained momentum during 19th
century and was basically trade
protectionism.
27. • most of our major industries are owned
and operated by foreigners
• processing and marketing are done by the
foreigners
• our education is American education
28. • in the economic field, is the control of the
resources of the country by its own people to
ensure its own utilization primarily for their
own interest and enjoyment.
29. • nation’s aspirations, desires and willingness to
improve its material and cultural conditions
through its own talents, resources, and
sustained labour, and for the benefit of the
whole community. – Claro M. Recto, former
senator of the Philippines
• ―bayan muna‖ – our country first, in thoughts,
words and deeds. – Joaquin Roces
30.
31. is a tax on imports,
which is collected by
the federal
government and
which raises the
price of the good to
the consumer.
also known as duties
or import duties;
usually aim first to
limit imports and
second to raise
revenue.
32. is levied in order to save a
domestic industry that has
deteriorated to the point
where its very existence is
in peril.
tariff
is one that is levied in
response to a tariff levied by
a trading partner. In the eyes
of an economist, retaliatory
tariffs make no sense
because they just start tariff
wars in which no one—least
of all the consumer—wins.
33. is a limit on the amount of a certain type
of good that may be imported into the
country; can be either voluntary or
legally enforced.
34. include packing and shipping regulations,
harbour and airport permits, and onerous
customs procedures, all of which can have
either legitimate or purely anti-import agendas,
or both.
35.
36. there is a need to protect industries
which manufacture goods and materials
for national defense and security.
37. The inflow of cheap foreign products
will reduce he prices of the local goods,
and ultimately wages and level of living
will also fall.
38. It is contended that by restricting
imports, the level of employment
rises.
39. United Nations
Conference on
Trade and
Development
(UNCTAD)
organized by General
Assembly in 1946 to
promote international
trade, particularly the
developing country.
Integrated
Programme for
Commodities
aimed at improving
conditions in world
markets for the wide range
of primary products
exported by the developing
countries.
40. planned to eliminate tariffs, import
quotas, and other trade discriminations
among the member countries appear to
have little effects on existing trade
protection and discriminations.
41. corporations which maintains its
headquarters in one country but performs
production, marketing, finance, and
personal functions within many other
countries.
42. 1. Corporate structure
of organization with
its infinite life and
legal organization
as a separate entity.
2. Extensive
improvement in
communication
and transportation
which have
accelerated
international
business.
43. 3. The growth of
excess financial
resources in
industrial countries.
4. The rapid expansion
of markets in many
countries.
5. Formation of larger
regional markets
through common
market and free trade
agreements.
44. summary of all the economic transactions
of a country with the other countries.
45.
46. includes exports and
imports of goods and
services.
Example:
(goods) copra, corn,
rice, tractor,
computer, oil, etc.
(services) tourism,
transportation,
education, insurance,
banking, motion
pictures, etc. -
‖invisibles‖
47. records all transactions
pertaining to private
foreign investments,
grants, and loans.
assets of the Central Bank in
the form o gold reserves,
international currency
reserves, and SDRs known
as international ―paper
gold‖.
48. (outflow) if it is payment or
expenditure by our residents
to other countries.
(inflow) if it is an income
for our
residents(individuals,
organizations, government).
49. can be overvalued or
undervalued.
price of a foreign money
relative to the local
money.
• Ex. $1 = Php20
52. is a type of exchange rate regime wherein
currency's value is matched to the value
of another single currency or to a basket
of other currencies, or to another measure
of value, such as gold.
53. a monetary system that allows the
exchange rate to be determined by
supply and demand.
54. A floating exchange rate or fluctuating
exchange rate is a type of exchange rate
regime wherein a currency's value is allowed
to fluctuate according to the foreign exchange
market. A currency that uses a floating
exchange rate is known as a floating
currency.
• Ex. Belize
55.
56. To know if the peso
is strong one needs to
know how it is doing
against other
currencies over time.
This chart shows the
value of the Philippine
peso on 4/8/2011
57.
58. If the Philippine peso is going up against most other
currencies then the peso is strong. If it is up against
only the dollar, then the dollar is weak.
59. (BoP) accounts are an accounting record
of all monetary transactions between a
country and the rest of the world. These
transactions include payments for the
country's exports and imports of goods,
services, financial capital, and financial
transfers
60. The BoP accounts summarize
international transactions for a specific
period, usually a year, and are prepared
in a single currency, typically the
domestic currency for the country
concerned.
61. Sources of funds for a nation, such as
exports or the receipts of loans and
investments, are recorded as positive or
surplus items. Uses of funds, such as for
imports or to invest in foreign countries,
are recorded as negative or deficit items.