The United States offers a stable economy for the semiconductor industry but one that is not growing as rapidly as some of the other key markets. In 2004 the GDP for the United States was estimated at $11.75 trillion with a GDP growth rate of 4.4%. The United States is not expected to experience a...

Introduction Beginning in late 1978 the Chinese leadership has been trying to move the economy from a sluggish Soviet-style centrally planned economy to a more market-oriented economy but still within a rigid political framework of Communist Party control. To this end the authorities switched to a...

Economic Summary of Kenya Kenya's economy is quite diverse. Even though Kenya is one of the fastest growing countries in Africa, its economy has not developed much recently. Agriculture is its largest mean of revenue. Kenya exports several different kinds of produce, and in return receives ma...

COMPARISON OF TRADE RIVALRIES The German-Great Britain trade rivalry like the U.S.-Japan trade rivalry involved a rising power cutting into the trade of an already dominant trading power. There were several causes of the German-Great Britain trade rivalry according to Hoffman. T...

NAFTA On January 1st, 1994, the North American Free Trade Agreement went into effect, creating the world's largest free trade area. Among the main objectives is the liberalization of trade between Canada, Mexico and the United States, to stimulate economic growth and give the NAFTA countri...

What is globalization, and what are some of the traditional international trade theories that support the concept of globalization? Globalization has been defined by a multitude of examples and constructs. In the context of the 21rst century, globalization has been written by Thomas Friedman, autho...

Globalization: An Improvement or a Threat? Globalization is a phenomenon in which corporate expansion around the world and economic growth comes together. This seems like a good thing. Globalization can be viewed as an improvement for society for many reasons driven by free-market capitalism. Th...

Abstract The purpose of this paper is to present China as a nation that has gone through several economic phases until it reaches a point that has made several consider this country as a promising future power in the region. While Japan is falling into recession and much of Europe mired in one, grea...

Per Capita Income The per capita income of a certain country is the GDP of that country divided by the total population. In the Philippines the per capita income is approximately $700. When compared to the per capita income of the United States, which is about $22,000, it is easy to tell that the ec...

Beginning January 1st, 1995 the World Trade Organization was created from the remnants of General Agreement on Tariffs and Trade (GATT), which was established at the end of World War II. The WTO was established as a supreme-like international institution that created trade regulations and laws to ov...

Mexico's membership of the North American Free Trade Agreement (NAFTA) since 1994 has attracted major investment from foreign countries. The focus of the foreign investment is on manufacturing. Nearly all the world's major companies are now present in Mexico. For example, according to the Economi...

Auto Pact In May of 2000 the World Trade Organization (WTO) ended the Canadian made Auto Pact.® The Auto Pact was an agreement constructed by Pierre Trudeau in 1965 that allowed companies to bring auto parts and vehicles from anywhere in the world into Canada without any tariff, but w...

Abstract The depreciation in the value of the Dollar has given rise to the trade deficit all across the globe; this is because the Dollar is the most widely used currency in exchange. When compared with the Euro, the value of the dollar is similar to its value in the mid 190s. The Economists belie...

John Micklethwait and Adrian Wooldridge's book A Future Perfect was a descriptive piece of writing regarding globalization and provided strong arguements for both sides of this highly debated issue. Throughout the book, the two authors show very solid arguments for both sides of the globali...

American Embassy Commercial Service 27 Napier Road Tel: (65) 476-9037 Singapore 258508 Fax: (65) 476-9080 The U.S. Commercial Service, the business solutions unit of the Commerce Department, helps U.S. companies make their first international sale or expa...