The future of US ports

Moran Shipping Agencies Inc. is a shipping company founded in 1937 by James F. Moran. It is located in more than 10 states in the US. Visiting Moran shipping agency was highly interesting because we had the chance to experience their real know-how and work through discovering their trade processes.

INDIA: International migration of labor.

India is the world's second most populous country, and the world's seventh largest country in area. India’s geographical position has ensured contact with the Persian Gulf region and South East Asian countries for trade in goods and movement of people, a contact which goes back to several centuries.  The migration of workers on a significant scale was, however, to come much later. It began in the colonial era and continues now to independent India.

The EFTA-Hungary free trade agreement

I-The European Union (EU)

The European Union (EU) is a union of twenty-seven independent states based on the European Communities and founded to enhance political, economic and social co-operation. The EU has developed a single market through a standardised system of laws which apply in all member states. Within the Schengen Area  passport controls have been abolished. The free movement of services and of establishment allows self-employed persons to move between member states to provide services on a temporary or permanent basis. A monetary union, the eurozone, was established and is composed of 17 member states. The EU is represented at the WTO.

Import Substitution Policies (BRIC)

Developing nations have followed competing strategies for industrial development; “imports substitution policies” are one of them. This strategy leads to an economic development by involving an enlarged use of trade barriers in order to protect national industries from foreign competition.

Trade War: The power of "Chicken Feet"

The decision of President Barack Obama to impose new tariffs on Chinese tires for three years to protect American industry strongly displeased China. These rights are amounted to 35% the first year, 30% the second and 25% the third. This decision which represents a severe form of protectionism, has undermined the economic relationship between the two countries. The imposition of tariffs was intended to reduce imports of Chinese goods, but it had as consequence the destruction of 100,000 jobs in China, and it costs about a billion dollars to the Chinese tire industry.

Unintentional Trade Barrier:The global economy has it been disrupted by the Japanese earthquake?

March 11, 2011, earthquake, tsunami and nuclear crisis, the three disasters have destroyed the third largest economy in the world after the USA and China. Japan faces the worst event since the Second World War. The triple disaster has greatly affected the Japanese economy. In addition to the dramatic human consequences, this natural disaster has destroyed production capacity in the affected areas and has caused a supply shortage in electricity. It also disrupted the domestic and international economies, by breaking the chains. This last result is the most contributed to the sharp decline in production in Japan and neighbouring economies.

Detroit's Big Three and the U.S public policy effect

      Established gradually between 1910 and 1930, the "Big Three" (Ford, Chrysler, GM) hold nearly 70% of the U.S. market in the late 1920s. From the early 1930s to the late 1970s, they hold nearly 85% of the domestic market. The globalisation of the economy and the opening of the U.S. market to competition from the late 1950s, progressively brought down that hegemony of the three groups. In 2007, the share of the "Big Three" in the domestic market fell to 54%. The Japanese car manufacturer Toyota was in the second place in the American market, and then it became the first in the first months of 2008. How was the comparative advantage of Detroit’s big three affected?