Premium Essay

Explain the Reasons for the Formation of Different Global Groupings

In: Other Topics

Submitted By dorgge
Words 445
Pages 2
Some countries have formed trade blocs which are different to economic groupings in the following ways, To trade freely, agreements have to be drawn up that allow national boundaries to be crossed by flows of goods, money and sometimes workers. National laws have to be amended, which is why these can be described as political groupings. An advantage of trade blocs is Knowing that they have free access to each other's markets, members are encouraged to specialise. This means that, at the regional The benefits of free trade between countries in different blocs is lost.The benefits of free trade between countries in different blocs is lost.level, there is a wider application of the principle of comparative advantage. However causes the benefits of free trade between countries in different blocs is lost. Reasons for being in a trade bloc is Trade blocs bring greater economic strength and security to the nations that join them. This easy to do trade removes internal tariffs that include import or export tax. Trade blocs also protect the members by establishing external tariffs for foreign importers. The EU has gone further and has a currency and some shared legislations.

Countries are organised by wealth and power in this type of grouping. Some of these groupings are used by world known organisations such as the United Nations. There are several types of categories in economic groupings which sometimes overlap each other.in the european union an advantage is Low prices of goods, there exists a ‘Single Market’ for all member countries wherein products are low-priced and there are no charges when it comes to custom tax; custom tax is usually charged when goods are transported or sold between states/countries but this is not applied among member countries. However It is costly to be a member of the EU, from different parties claim that the cost ranges from £300 to £873.…...

Similar Documents

Premium Essay

Describe and Explain the Different Forms of Church Governance in Zimbabwe

...Describe and explain the different forms of church governance in Zimbabwe Governance is a set of policies, power and structure by which the rights, powers and privileges of people are processed and protected. The term “government” refers to the management, administration, rule or direction, control, command, authority or leadership which processes and sees to the implementation of these policies. The Church government is set to manage and control the privileges of the children of God e.g. prosperity, healing etc. Simplified, it is the organization pattern by which the church movement or congregation rules, controls or directs itself. Even in the church in Zimbabwe, there are different forms of governments because of different understandings of scripture. * Episcopal form of government This is also known as the hierarchical form. The word Episcopal comes from the words “Epis/ epic” which means top and “scopos” which means to see, look or sight. This means that there is a man at the top to oversee what is happening below him. The principal officer in this type of government is the Bishop/overseer who is followed by a Priest/ Presbyter/ elder and then the deacons. The Bishop has a right to ordain the elder and he governs the church. Every decision at local level comes from the Bishop at Head office. It’s not a scriptural system but simply draws from the fact that in the Bible Moses was an overseer, followed by Aaron the High Priest. There were also elders who helped......

Words: 2024 - Pages: 9

Premium Essay

Countries Grow at Different Rates Because They Accumulate Capital at Different Rates. Explain

...“Countries grow at different rates because they accumulate capital at different rates.” Is this true? Explain. Economic growth can be explained as the process by which a country’s wealth increases over time. It is mainly brought about by increases in productivity. It is possible that countries grow at different rates because they accumulate capital at different rates for a number of reasons. The accumulation of capital can be seen by an increase in wealth through concentration and comes about by investment in order to increase production. It is also adequate to include human capital as investing in education and training can improve productivity and thereby create capital accumulation in an economy. Both kinds of capital accumulation mentioned are generally essential for economic growth. Investment is crucial for physical capital to be maintained as without it, capital would change over time due to depreciation. The neoclassical growth model helps us to examine how capital accumulation leads to economic growth. It assumes that a country’s resources are used efficiently and that there are diminishing returns to capital and labour when the two increase. This brings about conditional convergence. If we take two economies to have the same level of technologies and have the same value of parameters for savings, depreciation and population growth, the country that starts with a lower level of output per capita will have a higher growth rate of output per capita. This......

Words: 1004 - Pages: 5

Free Essay

Examine the Reasons for Differences in Educational Achievement Between Different Ethnic Groups

...An ethnic group is one that sees itself as culturally distinct from other grouping in a society and is seen by others as distinctive. Groups may differ from others by country of origin, language, religion, dress or other aspects of culture. Some ethnic groups, for example the Irish, are not physically distinctive. Others are more visible and may be subject to discrimination and harassment, including in the education system. Ever since the arrival of immigrants to Britain from the West Indies and India, sociologists and educationalists have been concerned about wide gaps in attainment between different ethnic groups. There are huge differences between the GCSE results of different ethnic groups in England, as well as gender differences. In 2004, Chinese pupils were 70-79% likely to achieve five or more GCSE grades A*-C, with Indian pupils not far behind (62-72%). These groups achieved more GCSE grades A*-C than the White ethnic group, with a 47-62% chance of getting five or more A*-C CSE grades. However, Bangladeshi and Pakistani achievement is low; Bangladeshi pupils had 41-55% chance of getting five or more GCSE grace A*-C, and Pakistani pupils had 38-5% chance. Black Caribbean students, particularly boys, performed very poorly, with their percentage of achieving five or more A*-C GCSE's being 27-44%. This has been the greatest focus of concern in recent years, because underachievement in young males is associated with unemployment, antisocial behaviour and......

Words: 384 - Pages: 2

Premium Essay

Describe and Explain the Global Distribution of Water Scarcity

...Describe and explain the global distribution of water scarcity Fresh water is a finite resource. 80% of global fresh water is trapped in ice, snow or permafrost. The remaining 20% is mainly groundwater, only 1% of this is easily accessible. Around 1.4 billion people lack clean drinking water, 2.4 million people have inadequate sanitation and 0.5 billion face water shortages every day. The distribution of fresh water is uneven, leading to a ‘water gap’. Water stress is when demand for water exceeds supply, and is quickly becoming a global issue. Water scarcity is a more extreme version of water stress. Physical water scarcity is when a country is utilising more than 75% of the water available to them. Some countries suffer from economic water scarcity. This is when a country is using less than 25% of the water available to them. Greater demand for water than supply of water can cause physical water scarcity because there simply isn’t enough water in specific locations such as North Africa, middle east, California and south east Australia. Places which don’t suffer from physical water scarcity are places such as western Europe, Scandinavia and Canada. Physical water scarcity is caused by a variety of factors. Demand is outstripping supply because there is a higher population now than 100 years ago. In the last 100 years population has almost quadrupled in size. Increased population growth also means a larger supply for food and agriculture. Californias population is at......

Words: 1302 - Pages: 6

Free Essay

Explain Different Views of Faith and Its Relationship to Reason

...Explain different views of faith and its relationship to reason (30) While we are alive, as believers, our life is a long road where we choose different paths to get us to the right destination; and at the end of the road we will hopefully choose the path, which gets us to the proof of God’s existence. However the faith we use to get us to the end must be meaningful. Faith is hard to define, before making assumptions we have to be very clear on what we think it is. Faith is very different from knowledge, when we know something for a fact for example 1 + 1 = 2, we don’t question it on being false, this is where faith can be mistaken. But believers do not generally live questioning themselves on their faith, they hold their beliefs of the existence of God as strongly as scientists know the earth is round, with reasons for believing its true. Faith can be divided into two types, propositional faith and non-propositional faith. Propositional faith is the belief that there is an objective reality to which we give the term God, and that we can make claims about him, which are objectively true. Whereas non-propositional faith is a trust in God, which may be held even, when evidence or experience would seem to point against it. This kind of faith must be based in some personal knowledge of God, and not simply in the acceptance of facts about him. Propositional faith has certain attributes to our knowledge about the world for example the believers who believe in a God......

Words: 685 - Pages: 3

Free Essay

Explain the Difference Between What Williams Calls Internal Reasons and External Reasons. Do You Agree with Williams That There Is No Such Thing as an External Reason?

...Explain the difference between what Williams calls internal reasons and external reasons. Do you agree with Williams that there is no such thing as an external reason? Bernard Williams Started a long running well spoken about debate, about the nature of reasons in his seminal paper 'Internal and External Reasons' (Williams 1980) and the following publication 'Internal Reasons and the Obscurity of Blame' (Williams 1989). Williams famously argued that all reasons behind our actions are internal, and further proclaimed that there are no external reasons, which is in direct contrast with internal reasons as he has defined them in his literature. On close examination, his external reason claims turn out to be disguised claims about what would be good for someone to do, not claims about what they have reason to do. I will be describing Internal and External reasons according to Williams and discuss the merits of his claims and my beliefs towards them I have based my arguments on Goldsteins work as it a far more complete argument and analysis of internal and external reasons. Williams has defined two sets of reasoning which are in the world and that we can experience, one is an internal reason and the other being an external reason. He describes an internal reason as something that one has in light of one's own "subjective motivational set"- one's own commitments, desires (or wants) and goals Opposite to this is an external reason, which is one that which occurs......

Words: 1422 - Pages: 6

Premium Essay

. Explain the Steps of Formation of a Company in Bangladesh

.... Explain the steps of formation of a company in Bangladesh Introduction: A company is an association or collection of indivitual,whether natural persons, legal persons, or a mixture of both. Every company has certain basic elements: * A name which has been reserved by the Registrar of Companies * At least one share, one shareholder and one director * A registered office where the company records are kept * An address for service where legal documents can be served * The Registrar will also ask for an address for communication. Any entity engaging in business, such as: Proprietorship, Partnership or Corporation There are two kinds of companies. Such as: 1.Private Company 2.Public Company. For establish a company, every company have to maintain some law this called "Company Law" The act governing the laws relating to company matters is The companies Act, 1994 in Bangladesh. The term company is used to describe an association of number of persons formed for some common purpose of carrying on a business with a view to earning profit and registered according to law relating to companies. Section 2 (1) (c) of the Act states that, A company means, " a company formed and registered under this act or a existing company" Different between private and public company: The difference of private and public company are given below: 1.Minimun capital of companies: Private company requires less capital being a small enterprise. Public company requires a......

Words: 2018 - Pages: 9

Free Essay

The Different Aspect of the Global Market

...operations. Now more than ever many firms are transforming their operations to include participation in the global market. As with any type of market, global market presents firms with both; challenges and rewards. Understanding the differences between domestic and global market is of advantage for the firm’s success in the global market.   The different Aspects of Global Market The global market provides firms with great opportunities to create more revenues through trade in the new markets. The success of firms in the global market is dependent upon firms’ understanding of the differences in a number of aspects which in one way or the other stands the chance to either help or ruin the firm’s chances of success. Operating in global market requires acknowledgement of the differences in culture. According to Anthony et el., (2010) culture has shown to be among the key issues affecting the success in the global market along with other factors such as bribery, political environment, infrastructures, exchange rates, legal environment, and business practices to name some a few. It is important for a firm then, to prepare a strategy that addresses these issues because of their significance in the overall success of the firm. It is necessary for the management of the firm to pay attention to this because failure to do so could be detrimental to the firm. The global market provides that needed opportunity for firms to increase their profits through penetration......

Words: 443 - Pages: 2

Premium Essay

Global, Social and Economic Groupings Have Significant Beneficial Effects for Their Members. Discuss to Which Extent You Agree with This Statement.

...Global, Social and Economic Groupings Have Significant Beneficial Effects for Their Members. Discuss to which extent you agree with this statement. Global groupings are where countries, come together in order to attain the same objective, primarily economic growth. Or in the main case peace, that resulted in the formation of the EU post world war two. The European Union is an economic and political grouping of 27 member nations, which are located in Europe. It was first called the EEC that was founded in 1957, but now formally known as the EU which was fully established when the Maastricht Treaty came into force on 1st November 1993. The original objective of the EU was to create such single market, so that there was the free circulation of goods, capital, people and services within it. The integration of the economies was largely thanks to the introduction of the Euro in 1999. Every grouping for the countries can hold consequences both positive and negative. To analyse this in depth, we can use Austria who joined the EU in 1993, with the aim of gaining greater security for its borders by being able to rely on military support . Along with security, quotas would be removed by becoming a member of the EU which is only an added benefit considering the majority of EU’s trade is with EU members and as a result greater access to the prosperous markets of West Germany. By contrast Norway became the first nation to reject membership to the European union in 1994. This result......

Words: 894 - Pages: 4

Premium Essay

Grouping Behavior

...[pic] Organizational Behavior Project Report Topic: GROUPING - Shashank Kumar Singh B10048 Business Management (2010-12) XLRI School of Business and Human Resources Organizational Behavior Grouping 1. Introduction A group can be broadly defined as a collection of two or more individuals, who have come together for a common purpose. Generally, the common purpose is apparent as is the case with trade unions- which are formed with the purpose of upholding the interests of the labor force, or reader’s clubs- formed for the purpose of sharing opinions and perspectives on various books. However, sometimes the common interests might not exactly be a purpose, but more of a necessity, as is the case with groups of friends formed at schools, hostels or between neighbours. The importance of groups cannot be emphasized on enough in our complex intertwined lives. At all levels, be they personal, societal, professional, recreational or any other, we seem to be part of one group or the other. The underlying principle of pursuit of common purpose is at the heart of the concept of grouping, through which one seems to reach higher levels of attainment- which might not have been possible through individual pursuits. 2. Conceptual framework Groups form an essential and constituting unit in an......

Words: 2765 - Pages: 12

Premium Essay

Explain the Different Basis of Departmentalization with Their Respective Advantages and Disadvantages

... Q: Explain the different basis of departmentalization with their respective advantages and disadvantages. ANS: Departmentalization involves dividing an organization into different departments, which perform tasks according to the departments' specializations in the organization. Departmentalization as a means of structuring an organization can be found in both public and private organizations. An organization can structure itself into departments in the following ways. Departmentalization by function This is common and popular basis of departmentalization of an enterprise. Under this form, various departments are created on the basis of nature of functions to be performed like production, marketing, finance, personnel etc. A departmental head or manager is appointed to supervise and control the activities of the concerned department. All departmental heads are specialists and experts in their own area of business. When workload of a particular department becomes more, a department may again be classified into sub departments. Since the members working in a department have similar background and interest, it gives rise to specialization which makes manpower more efficient and skilled. Advantages of Departmentalization by Function * It is most logical and natural form of departmentalization. * It brings about specialization which makes optimum utilization of human resources. * It lays emphasis on each and every activity. * It enables top management to exercise......

Words: 1354 - Pages: 6

Free Essay

Describe and Explain Characteristics and Formation of Types of Intrusive Volcanic Activity

...and Skye. Some dykes extend over long distances. The Cleveland dyke runs from Mull in western Scotland to within a few kilometres of the North Sea near Scarborough. Another intrusive landform radiating from a Batholith is a Sill. This occurs when there are horizontal faults shooting out from a Dyke and magma seeps in sideways and cools, and often form between sedimentary layers or country rock. Sills are thin horizontal sheets of magma. Where erosion of valley sides has exposed sills they often form cliffs and escarpments. The Great Whin Sill in northern England has a major effect on relief. It forms the steep cliffs at High Cup Nick in Cumbria; and a prominent escarpment followed by sections of Hadrian’s Wall in Northumberland. These formations can be observed at the North Arran Batholith in Scotland which forms most of the island giving it a rocky mountainous landscape. The Batholith also deformed much of the surrounding landscape, pushing rock away from the Batholith and exposing it and the metamorphic rock which surrounded it. Dykes and Sills have also been exposed on the island in swarms which are distinctive features protruding from the ground and from steep cliffs....

Words: 469 - Pages: 2

Premium Essay

Explain Different Types of Information, Their Sources and Purposes.

...Task 1 : Explain different types of information, their sources and purposes. Misco used various types of information in their website like written, on-screen, multimedia and web based information to communicate with their stakeholders. Misco use web based information to spread information and it gives them the benefit to communicate anywhere around the world. As one can see Misoc’s website it divided in various sections all targeting different areas and giving information in a very user friendly , targeting anyone who is intrested to view their website. One can find a section for their stakeholders, about their marketing and research within the company, offering a subscription section for anyone who would like more information to inform himself more. Misco update its website continuously offering latest news and upcoming courses in the future. This is generally controlled by the IT department help bay the Marketing Department to write the text and help in the image of the company through the website. Their website cater interested persons who would like to take a course with Misco , or organisation who wants to upgrade their organisation and give training to their employees or want to benefit from the services in Human Resources or Market Research. Written information is used a lot especially in different ways n businesses to get their message through and give information to their stakeholders. It is an everyday use in various ways , in emails to their staff......

Words: 529 - Pages: 3

Free Essay

How Do We Assess Whether a City Is Global? What Other Criteria Could Be Used? This Essay Seeks to Identify Criteria’s and Different Aspects to Assess What Makes a City Global. Firstly, It Will Outline and Explain the

...whether a city is global? What other criteria could be used? This essay seeks to identify criteria’s and different aspects to assess what makes a city global. Firstly, it will outline and explain the concept of globalisation and a global city, showing evidence from the use of academic sources and giving examples if necessary. It shall then continue to examine and focus on a specific global destination, discussing different types of aspects to show what criteria’s make up a global city. Globalisation is a very complex process in which national economies have become more and more integrated and inter dependant towards each other. Global cities are all able to be categorized using a number of different types of methods even though they all share a common ground (Sassen, 1991). There are a number of different types of criteria’s available that make up a global city. These aspects are used in different types of ways to examine whether a city can be considered, identified or revealed as being a global destination. In regards to this, Frieddman (1986) states that global cities are significant destinations that have specific characteristics or functions in terms of economics, political, cultural and connectivity in the global economic system. Global cities, which can also be referred to as Alpha cities or World cities, play a significant role in regards to the country’s economic status. They have become well known as the centre of the world’s global economy. Global cities have......

Words: 336 - Pages: 2

Premium Essay

Explain the Main Reasons Why Financial Markets and Financial Intermediaries Exist.

...Explain the main reasons why financial markets and financial intermediaries exist. Why are banks special? A bank is a financial intermediary that offers loans and deposits, and payment services. In the past decade the banks have become a very important part of the economy. Banks are financial intermediaries, financial intermediaries and financial markets main role is to provide a system by which funds are transferred and allocated to their most productive opportunities. Banks need money and they get the money from people who invest in the bank and people who save their money in the bank, but the money does not stay in the bank it has to be allocated to people or companies with deficit funds (borrowers). In doing so they increase the economic efficiency by promoting a better distribution of resources. How can the transfer of wealth from surplus units to deficit units occur? There are two ways that the transfer of wealth can happen its either direct finance or indirect finance. Direct finance is the transfer of funds from surplus units to deficit units via financial markets. Indirect finance on the other hand has a different procedure as the transfer of funds does not occur directly from lender to borrowers as the financial intermediaries step in. Why is there a need for financial markets and why do they exist? Financial Market exists in order to facilitate the relations between providers of capital such as savers and investors and users of capital such as companies......

Words: 328 - Pages: 2

Túi xách vòm vận chuyển chó mèo | Sierra Leone | Chatthapong Pantanaunkul