...1. Is it ever okay to lie? Lies have always been part of the fabric of social life, they are important in many ways such as maintaining social ties. A study published in the Journal of Basic and Applied found that 60% of people had lied at least once during a 10-minutes conversation. Personally, I agree that telling the truth is not always essential and it is also necessary to tell lies sometimes. Hereby, I wish to put forward two arguments to justify my point of view. First and foremost, lies could be conducive to relationship. Lies could help people to smooth over awkward and embarrassing situation. Let’s imagine if you have arranged to meet somebody early in the morning and you didn’t manage to wake up on time so that you are late. Probably, you will not be telling the truth but instead, you will make up an excuse, for example, traffic jam holding you up. People lie because you consider being late because of sleeping in as an act of irresponsibility and irreverence. By telling lies, people could avoid embarrassment as well as shifting the responsibilities to other shoulders that they feel less guilty of their fault. Your blame is shifted that the person affected by your act of irresponsibility will not be irrigated and raged that much. To wrap up, telling lies can help people to maintain good relationship by avoiding discord. Secondly, telling lies can prevent people from unnecessary nuisance as well as safeguarding their privacy. Coming across people doing questionnaire...
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...prolonged negotiations. They finally reached agreement on October 5, 2015), the United States, Japan and ten other countries concluded negotiations on the Trans-Pacific Partnership (TPP). It is the largest regional trade accord in history and one that does not include China-----the TPP is the centerpiece of the U.S “rebalance” to the Asia-Pacific, and its twelve members account for 35 percent of global trade. China appears to currently have enough international economic negotiations on the table to keep it occupied, and it is unlikely that it is really concerned about the TPP. A No China Club China was invited to join the TPP by Hillary Clinton in 2012. While China has long stated that it is willing to consider joining the Trans-Pacific Partnership (TPP), the world’s second-biggest economy was not included in the agreement. From its inception, some have speculated that China would not join the bloc because it is a “high standards agreement,” even speculating that this was put in place to lock China out of the agreement. It is also assumed that the TPP have used specific rules and guidelines to prevent China's involvement, presumably due to its negative impact on the WTO and that the TPP has been considered by many as a strategic instrument to isolate or contain China. Given the country’s ambitions, its leaders are understandably concerned about the concerted effort by the U.S. and other Asia-Pacific countries to curtail its economic growth and geopolitical influence. Now, the...
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...effects on national economics, the relationship between economic, political and social outcomes along with the interaction of nations through multilateral agreements. This paper explores the types and levels of economic integration and in particular the integration of the US with other markets. Focusing on trade through the NAFTA, the advantages that TPP and T-TIP could offer and the beginning of a fruitful partnership with Africa through the AGOA. Economic integration is an arrangement between different regions marked by a reduction or elimination of trade barriers and coordination of monetary and fiscal policies. There are various economic and political reasons as to why nations would want to pursue economic integration. Removing trade barriers comes with costs and benefits, depending on the degree of integration and the level of cooperation between member regions. Integration is believed to lead to lower prices for consumers and producers, thus causing the volume of trade to increase. However for nations outside integration agreements, barriers to trade can be created, as they may not be able to compete with preferred trading partners. When economies are strong, integration has benefits for all the members and each union can experience certain economic growth. The same holds true of economic downturns, if one member of a trade agreement begins to fall, their economic problems may spread. Growing nations are usually particularly eager to engage in economic integration as...
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...Market and Industry Dynamics in the Global Tuna Supply Chain Amanda Hamilton I Antony Lewis I Mike A. McCoy Elizabeth Havice I Liam Campling June 2011 2 ACKNOWLEDGEMENTS This study would not have been possible without the kind assistance of hundreds of people who made time available to meet with members of the consulting team during in-country visits and who provided valuable insights and data. Analytical and research support was also provided by several international fisheries experts, as well as logistical support from a number of industry representatives. The consultants and the FFA Secretariat gratefully acknowledge and extend their sincere thanks to all persons who assisted Pacarrying out this study. ce for in cif ic P eo ple A In particular, special thanks is extended to the following people who provided assistance over s r Sli aire F and above the norm: Phil Roberts, Hugh Walton, Masao Nakada, Len Rodwell, Peter Terawasi, Marco D’Agostini, Rick Heroux, Kwame Mfodwo, Isamu Murakami, Taro Kawamoto, Ken Banwell, David Webb, Jamie Birch, Alfonso Beitia, Alberto Quinteiro, Vicky Franco, Liu Xiaobing, Davy Chen, Zhao Gang, W.H. Lee, Chris Hsu and Jerry Tsai. 2011 - production of this report was provided by the Funding for the assignment undertaken for the2014 Government of Japan through the Overseas Fisheries Cooperation Foundation. OFCF Funding for the publication and distribution of this report has been provided by the European Union through the DevFish...
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...The LEGO Group Strategy 1.Strategy development According to Johnson et al (2011), in order for a strategy to be successfully measured, the organization should apply three horizon framework. It could be argued that the crisis of LEGO Group in 2003 was a result of a lack of realistic action plan. The objectives set by the Company were too ambitious considering the highly competitive environment. Also, major changes in the management structure have caused disagreement which resulted in many employees leaving the company. Significant revenue loss from 2003 and 2004 has forced LEGO Group to re-think its strategy and start from the beginning. Using the three horizon framework, it could be explained that the core business was defended by selling the LEGOLAND parks and focusing on LEGO brick concept (a ‘core’ product). Building emerging businesses could be recognized as developing a new digital strategy – launching online multiplayer game as well as entering mobile app industry. Regarding the viable options where nothing can be predicted, I think LEGO Group is doing well by inviting consumers to participate in product development as that way the risk related to new concepts is minimized. 2. External environment. There were numerous aspects of external environment that affected Company’s strategy. The oil crisis from 70’s and 80’s had a serious impact on the world economy therefore organisations had to implement new strategies in order to continue the growth. Lego then introduced...
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...Report of the Joint Study on the Possibility of a Canada-Japan Economic Partnership Agreement March 2012 Contents Introduction and Purpose of the Study ................................................................................................ 2 Executive Summary ............................................................................................................................. 3 Chapter 1: Overview of Bilateral Economic Relations ....................................................................... 5 1.1 1.2 1.3 1.4 Overview............................................................................................................................... 5 Trends in Bilateral Trade in Goods ...................................................................................... 7 Trends in Bilateral Trade in Services ................................................................................... 9 Trends in Foreign Direct Investment ................................................................................. 10 Chapter 2: Analysis of the Economic Effects from a Canada-Japan Economic Partnership Agreement .......................................................................................................................................... 12 Chapter 3: Analysis of Major Areas of an Economic Partnership Agreement ................................. 14 3.1 Market Access (including Rules of Origin) .......................................................
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...Policy. The main purpose was to revive both political ties and to build up economic linkages with South East Asia. LEP focuses on re-establishing better political security and economic co-operation. The first phase was based on ASEAN and it focused initially and mainly on trade and investment linkages. The second phase was based on expanding the definition of east, extending from Australia to china and East Asia with ASEAN as its core. The conference was graced by Sri Nitin Gadkare, honorable Minister for Road Transport and Highway, as Chief Guest. The four main objectives of the conference were: To study the policy as direction for India’s growth. To study the brunt of the policy with the changing geo political scenario worldwide. To examine the potential of the policy as a vector for economic growth and development of these regions. To bring the countries of south East Asia and Asia closer. There were 5 tracks explaining the route map for LEP. We will concentrate mainly on track 1 which was based on India’s trade and investment in South East and East Asia. The change in focus of Indian foreign policy from concentrating on the west towards east finds its source in the LEP. It also aims at redesigning the present economic architecture which will be marketed by regional trading blocs. India’s engagement with ASEAN and East Asian countries establishes its acceptance of the region as strategic and economic partner in its sphere of growth. Indian association with the regional block...
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...China and Bangladesh signed a series of agreements on oil, gas, mineral and agricultural cooperation during a four-day official visit to China by Bangladesh Prime Minister Sheikh Hasina. The two countries issued a joint statement in Beijing, in which both sides agreed to build a “closer comprehensive partnership of cooperation” to better contribute to regional and world peace and counter global challenges. China is to provide preferential tariff treatment to more Bangladeshi products, while Bangladesh would encourage more enterprises to participate in the Shanghai World Expo and other commodity fairs in China to boost exports, the statement said. The two countries also signed agreements on a concessional loan offered by China to Bangladesh and the construction of the seventh Bangladesh-China Friendship Bridge at Kajirtek. The two countries would carry out cooperation in hybrid rice cultivation technology, farm products processing and technical personnel training, according to the statement. Moreover, both sides decided to strengthen cooperation on flood control, disaster alleviation, water resources management and hydrological data sharing, it said. Bangladesh hoped China would launch a communications satellite for Bangladesh in the near future and China expressed interest in cooperating, said the statement. A team of Chinese medical experts would visit Bangladesh to offer free medical treatment to cataract patients. China agreed to increase the number of scholarships...
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...and conflicts, and the national concept of security based on the use of force and the threat to use force can hardly bring about lasting peace in today’s world. Against this backdrop, an intensive cooperative security measure featuring dialogue and cooperation has emerged as the new global agenda. China’s security concept seeks common security against terrorism threats in developing nations through mutually-beneficial cooperation established through international cooperation against the use of terrorism. Terrorism is a result of complex array of political, economic, and social factors which cannot be resolved by military force alone. Only through strengthening of dialogue and cooperation between nations throughout the world can a fundamental approach to common security be achieved. Estimations show that global terrorist attacks had a significant limiting effect on growth within Nations. Attacks can potentially affect economic growth through a number of channels and can increase uncertainty, limiting investments and diverts foreign direct investment (FDI). For developing countries, FDI is an important source of saving to fund investment. This can lead to government expenditures on defensive...
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...to exemptions from export and import duties for equipment and instruments. Chinese state owned enterprises (SOEs) who received subsidies in the form of grants and tax breaks but were running at a loss were under particular scrutiny and were expected to phase out within five years as stipulated by the Agreement on Subsidies and Countervailing Measures China’s economic development had been and continued to be driven by industrialization an increase in the share of manufacturing and a decline in the share of agriculture as a fraction of GDP The Chinese labor force was on of the indispensable factors in achieving economic advancement The workers spent their wages they increase the demand for consumer products contributing to further industrialization. In China the surplus of workers was so great and its industrialization as a catch up economy so rapid that the necessary demand came not only domestically but also crucially from abroad China’s rise as a manufacturing center was due to a number of low cost advantages High domestic rate of investment; the opening up if the economy to foreign direct investment; a surplus of labor from dismantled SOEs; continuous economic reform policies; and the emergence of new types of ownerships; such as joint stock companies; villages and town enterprises and foreign owned enterprises Foxonn’s management...
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...ADMINISTRATION INDIVIDUAL ASSIGNMENT SUBJECT: MANAGING IN THE ECONOMY SUBJECT CODE: MGT6233 NAME : GIRISH S/O GOPAL 810602 -01 – 6275 I/C : STUDENT ID : 01130024 LECTURER : MS.SANDRAKALA 2 Executive summary Free trade refers to trade between countries without tariff and non-tariff barriers on exports and imports. In another word, free trade refers to trade without government interference. Classical economists such as Adam Smith and David Ricardo have advocated that free trade improves the economic well being of a country by increasing the production of a country and allowing efficient allocation of resources, thus increasing global production and promoting peaceful and prosperous global environment. In the global basis, World Trade Organization formed after GATT in 1995 promotes trade liberalization through multilateral negotiation. On the other hand, in the regional basis, countries are forming regional economic integration to promote free trade stage by stage. The initial stage is known as Free trade areas (FTAs) under which they agree to remove tariffs and non-tariff limitations on trade in products between themselves. Despite all these initiates, governments around the world are still imposing various restriction on trade between countries to protect its own industries such as agriculture which is considered as the backbone of a country. Therefore, this report will discuss the concept of free trade, trade theories and the advantages...
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...to by all EU countries, under which sovereignty is shared in specified areas. The result is a union of 27 Member States covering 1.6 million square miles with roughly half a billion people producing almost a third of the world‘s gross national product and speaking more than 23 1 languages, bound together by a desire to promote peace, democracy, prosperity, stability, and the rule of law. The EU embraces the fundamental values shared by its Member States across a multitude of cultures, languages, and traditions. The Member States agree that democracy is the best form of government. They believe in societies that encourage pluralistic political thought and endorse freedom of speech and religion. They support free market economies—where economic development and growth are driven by the private sector and facilitated by governments. They believe prosperous countries have an obligation to help poorer and less developed regions and nations. And they value living together in peace as well as promoting these principles...
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...The European Union: Questions and Answers Kristin Archick Specialist in European Affairs March 4, 2013 Congressional Research Service 7-5700 www.crs.gov RS21372 CRS Report for Congress Prepared for Members and Committees of Congress The European Union: Questions and Answers Summary The European Union (EU) is a political and economic partnership that represents a unique form of cooperation among sovereign countries. The Union is the latest stage in a process of integration begun after World War II, initially by six Western European countries, to foster interdependence and make another war in Europe unthinkable. Today, the EU is composed of 27 member states, including most of the countries of Central and Eastern Europe, and has helped to promote peace, stability, and economic prosperity throughout the European continent. The EU has been built through a series of binding treaties, and over the years, EU member states have sought to harmonize laws and adopt common policies on an increasing number of economic, social, and political issues. EU member states share a customs union, a single market in which goods, people, and capital move freely, a common trade policy, and a common agricultural policy. Seventeen EU member states use a common currency (the euro). In addition, the EU has been developing a Common Foreign and Security Policy (CFSP), which includes a Common Security and Defense Policy (CSDP), and pursuing cooperation in the area of Justice and Home Affairs (JHA)...
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... Sara Amjad 40 Ridha Masood 32 Aimen Siddique 36 Javaria Jamil 02 Table of Contents Executive summary: i China: 1 Pakistan 1 Introduction: 2 Background : 3 Sino-Indian war: 4 Timeline of Important events: 5 Diplomatic relations: 6 China support on Kashmir issues: 6 Sino Pakistan boundary agreement 6 China –us relation with the help of Pakistan 7 China support after 9/11 8 Trade relations: 10 Free Trade Agreement: 10 Exports: 12 Imports: 13 Kashgar Special Economic Zone (KSEZ): 14 Thar Coal Project: 15 Influence of china-india trade relation on pakistan : 15 Pakistan-china military relation 17 China and Pakistan defense ties 17 The Indian influence in military relations: 19 GEO-STRATEGIC IMPORTANCE OF PAKISTAN 20 Location of Gwadar port: 20 CONSTRUCTION OF GWADAR PORT: 20 GEO-STRATEGIC SIGNIFICANCE OF GWADAR 20 CHINA’S INTERESTS: 20 PORT OPERATIONS: 21 INDIAN CONCERNS: 21 The balancing act: 23 Regional Cooperation: 24 Nuclear cooperation: 25 Major completed projects: 25 projects underway: 25 Some current issues: 28 The Indian question: 28 Conclusion: 31 Bibliography:...
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...North American Economic Integration: NAFTA and Beyond Dr. Igor M. Paramonov, Southern Alberta Institute of Technology, Calgary, AB, Canada ABSTRACT This paper examines various possibilities for future economic integration within and beyond the North American Free Trade Agreement (NAFTA). Previous publications have suggested three potential trajectories including development within the envisioned original structure, deepening, and widening of NAFTA (Clement et al, 1999). It is necessary to revisit these directions while summarizing major developments and new perspectives. Vision and hard work are required for NAFTA to remain one of the most economically competitive regional trading arrangements in the world. In addition to NAFTA, each member nation has pursued its own plans to integrate with countries and regions beyond North America. The most recent developments involve trade negotiations between Canada and the European Union, as well as both Canada and Mexico’s considerations to join the nine countries of the Trans-Pacific Partnership Pact. The United States cooperates with a group of smaller developing economies within the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR). This paper presents ongoing analysis of governmental, academic, and other sources for the purpose of teaching in the field of international business, including the uncommon course of “Business under NAFTA.” INTRODUCTION Is the “Age of NAFTA” over? This is a legitimate...
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