Economics

30 June 2010

International Trade Volumes and Prices

The following table shows the Annual percentage change of world trade volumes and prices over years. Both the change in Exports and Imports are being represented in the table both in developing nations as well as developed nations. Summary of...

30 June 2010

Fair Trade

The concept of fair trade has gained substantial importance in the today’s world market. It is a kind of social movement, which is aimed at ensuring fair trade deal for the producers of less developed and developing nations. Proper working...

30 June 2010

Tariff, Tariffs

When a domestic government imposes a tax or duty on an imported good, it is called a tariff. The World Bank predicts that global economy would expand by $830 billion by 2015 if these trade barriers such as tariffs were...

30 June 2010

Import Export Trade, Imports and Exports

Imports involve transfer of goods and services from a foreign country to home country.Exports on the other hand, entail transfer of goods and services from a home country to the foreign consumers. Import export trade assumes huge importance in the...

30 June 2010

Dumping, Anti-Dumping

When a country floods the market of another country with products that are sold at very low prices, it is called as ‘dumping.’ Dumping benefits the buyers but impacts a country in other ways.What is Dumping?To understand its exact meaning,...

30 June 2010

Organization of The Petroleum Exporting Countries (OPEC)

 The Organization Of The Petroleum Exporting Countries (OPEC) was founded in the year 1960 by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.OPEC is an intergovernmental organization. The sole aim of the organization is to maintain stability in the oil prices through efficient, economic...

30 June 2010

Trade Organisations

Trade organizations are associations that countries establish to liberalize trade among member countries through voluntary participation. Treaties like the NAFTA aim to liberalize trade between member countries smoothly. Trade organizations are established for specific purposes. The aim is to help...

30 June 2010

North American Free Trade Association (NAFTA)

Too many trading forums and treaties are talked and debated about but we hardly remember their actual accomplishments. The North American Free Trade Agreement or NAFTA, which came into force on January 1, 1994, is not just another treaty that...

30 June 2010

International Finance Corporation (IFC)

The International Finance Corporation (IFC) is a Washington, DC-headquartered organization that promotes private sector investments in developing countries. To obtain assistance from the IFC, countries must become its members. The organization has a total of 181 members. TO become a...

30 June 2010

International Labour Organisation (ILO) Member Countries

  The Member Countries of International Labour Organization is as follows: ILO Member Countries   The Member Countries of International Labour Organization is as follows: ILO Member Countries Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bolivia Bosnia...

30 June 2010

Organisation For Economic Cooperation And Development (OECD)

Sustainable economic growth is the ultimate goal of the OECD or Organization (Organisation) For Economic Cooperation and Development. The OECD is an international organization that has 30 members. The OECD was established in 1961 with the following objectives: Promote Employment...

30 June 2010

International Organisations

International organizations are legally constituted entities that operate across several nations. Such organizations do not operate for profit. Some of the international organizations are the WTO (World Trade Organization), Global Futures Foundation and IMF (International Monetary Fund). International organizations are...