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the impact of trade opening on economic growth in saudi arabia
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للانفتاح التجاري في السعودية آثار إيجابية كبيرة على النمو الاقتصادي، كما أن له آثارسلبية، من آثاره الإيجابية: زيادة الاستثمار الأجنبي المباشر وهو ما يساعد يساعد على نقل التكنولوجيا والمعرفة وزيادة الإنتاجية، تنويع الاقتصاد وجعله أقل اعتماداً على النفط، مما يزيد من مرونته وقدرته على مواجهة الصدمات الخارجية، خلق فرص عمل جديدة، وتقليل البطالة، وزيادة الدخل القومي، وتحسين جودة المنتجات والخدمات، بالإضافة إلى اندماج الاقتصاد السعودي في الاقتصاد العالمي مما يزيد من فرص التصدير وفتح أسواق جديدة للمنتجات السعودية.
أما أثاره السلبية فيمكن حصرها في: زيادة المنافسة للشركات المحلية وبالتالي إغلاق بعض الشركات الصغيرة والمتوسطة، كما أن تدفق السلع المستوردة قد يؤثر سلباً على الصناعات المحلية، هذا بخلاف الصعوبة في التكيف للعمال والشركات مع المتغيرات الجديدة التي يفرضها الانفتاح التجاري.
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Analyze agreements on technical barriers to trade
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Technical barriers to trade are technical regulations, standards and conformity assessment procedures that, because they vary from country to country, can increase the costs associated with trade and reduce the potential gains from commercial transactions between importers and exporters.
Through the Agreement on Technical Barriers to Trade, WTO members have committed to ensuring that technical regulations are not prepared, adopted or applied with a view to creating unnecessary barriers to international trade.
In order to discourage countries from adopting measures that create unnecessary obstacles to trade, the WTO provides the ePing tool, which allows receiving notifications based on specific criteria. In this way, WTO members have assumed the obligation to notify all regulations and draft regulations that have an impact on trade, so that other members can be aware of them and, where appropriate, request clarification from the country that issued the regulations.
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1. Digital currencies could be in limelight; providing opportunities for payments and investments.
2. Sustainable Finance drives green financing and ESG investments.
3. Artificial Intelligence and Robo-advisory to revolutionize financial decision-making.
4. Emerging markets to have robust growth opportunities apart from technology adoption/upgradation.
5. Geopolitical tensions to impact trade, investments, and market stability.
6. Growth of decentralized finance to challenge the conventional banking models.
7. Volatile interest rates to influence global debt markets and liquidity.
8. Regulatory landscape to address data privacy and cross-border financial operations.
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The global financial markets in 2025 will continue to evolve in response to a dynamic mix of trends, challenges, and opportunities. Understanding these factors will be crucial for investors, regulators, businesses, and policymakers. Here are some key elements shaping the financial landscape for 2025:
1. Trends in Global Financial Markets (2025)
a. Digital Transformation and Fintech Innovation
  • Cryptocurrency & Blockchain Adoption: Cryptocurrencies, decentralized finance (DeFi), and blockchain technology will likely become more mainstream. Financial institutions are exploring how to incorporate these technologies, which can offer faster transactions, reduced costs, and enhanced transparency.
  • AI and Automation: Artificial intelligence (AI) and machine learning will be used more extensively for algorithmic trading, credit scoring, fraud detection, and risk management. This could lead to more efficient and accurate decision-making processes.
  • Embedded Finance: Traditional financial services are increasingly being embedded into non-financial platforms (e.g., e-commerce, social media), making financial products more accessible to consumers worldwide.
b. Sustainable Finance and ESG (Environmental, Social, and Governance) Investing
  • Green Bonds and Sustainable Investment: There is a growing focus on ESG investing, driven by consumer demand for more sustainable and ethical financial products. Green bonds, impact investing, and ESG-related indices will continue to gain traction.
  • Regulations: Governments and regulatory bodies will likely impose more stringent ESG disclosure requirements, forcing companies to integrate sustainable practices and reporting frameworks.
c. Global Economic Shifts and Market Resilience
  • Post-Pandemic Recovery: After the COVID-19 pandemic, countries are expected to continue their economic recovery efforts, which could lead to higher inflation, rising interest rates, and potential volatility in global markets.
  • Shift in Global Power: Emerging markets, particularly in Asia, will continue to grow in influence. China's economic transition to a consumer-driven model, India’s rise as a tech hub, and Africa’s growing middle class will reshape global financial flows.
d. Interest Rate and Monetary Policy Dynamics
  • Central Bank Policy: Central banks in major economies (U.S., EU, China, etc.) are likely to adopt more cautious and data-driven approaches to monetary policy. Rising interest rates could signal an attempt to tame inflation and provide financial stability.
  • Central Bank Digital Currencies (CBDCs): More central banks may begin experimenting with or launching digital currencies to address challenges related to fiat currency, cross-border transactions, and monetary policy control.
2. Challenges Facing Global Financial Markets in 2025
a. Geopolitical Risks
  • Trade Tensions and Protectionism: Ongoing trade tensions, particularly between the U.S. and China, as well as between other key global players, could lead to unpredictable shifts in market stability. Supply chain disruptions and tariffs could harm market growth.
  • Conflict and Political Instability: Geopolitical crises or regional conflicts can quickly disrupt markets, particularly if they involve energy-producing nations or vital economic regions.
b. Cybersecurity Threats and Data Privacy
  • Cyberattacks on Financial Institutions: As the financial industry digitizes, cybersecurity will become an even more significant concern. A major cyberattacks on financial infrastructure, such as banking networks or exchanges, could have devastating global consequences.
  • Data Privacy Regulations: Increasing global focus on data privacy laws (e.g., GDPR in Europe) will require financial institutions to adapt their operations, leading to higher compliance costs and potential conflicts between global jurisdictions.
c. Debt and Inflation
  • Global Debt Levels: High levels of sovereign debt across developed and emerging economies, exacerbated by pandemic-related stimulus spending, could lead to financial stress. Managing the debt burden without stifling economic growth will be a challenge.
  • Inflationary Pressures: As many countries experience inflationary pressure, central banks will face a difficult balancing act between tightening monetary policy and supporting economic recovery.
d. Market Volatility and Systemic Risk
  • Market Correction Risk: The global financial markets may face substantial volatility, particularly if there are sudden market corrections, rising bond yields, or economic slowdowns in major economies.
  • Systemic Risks: The interconnectedness of global markets and financial institutions could make the system more vulnerable to sudden shocks, particularly given the growth of complex financial products like derivatives and structured products.
3. Future Opportunities in Financial Markets (2025)
a. Fintech and Digital Assets
  • Growth of Digital Wallets and Peer-to-Peer Payments: Mobile payment platforms and digital wallets will continue to reshape global payment systems, offering more convenience and efficiency for consumers and businesses alike.
  • Tokenization and Asset-backed Securities: The ability to tokenize real-world assets, such as real estate, commodities, or even art, will create opportunities for fractional ownership and new types of financial instruments.
b. AI-driven Financial Services
  • Personalized Wealth Management: AI will be used to create highly customized wealth management and financial planning services, making financial advice more accessible and affordable for a broader audience.
  • Predictive Analytics for Risk Management: AI and big data analytics will allow financial firms to more accurately assess risks, identify investment opportunities, and make real-time adjustments to portfolios.
c. Decentralized Finance (DeFi) Ecosystem
  • New Business Models: DeFi is rapidly growing as an alternative to traditional finance. Decentralized exchanges (DEXs), decentralized lending platforms, and synthetic assets will open up new avenues for investors and companies to access financial services without intermediaries.
  • Interoperability and Cross-Chain Solutions: Future opportunities will emerge from the ability to seamlessly connect various blockchain networks and decentralized applications (dApps), creating a more fluid and integrated decentralized financial system.
d. Financial Inclusion and Access
  • Improved Access to Capital: With more digital platforms, individuals and small businesses in emerging markets will have better access to financing, including micro-loans and peer-to-peer lending services.
  • Insurance and Healthtech Integration: Technology-driven solutions like InsurTech (insurance technology) and HealthTech will transform how individuals access insurance products and health-related services, particularly in underserved regions.
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all over sudden, several 'researchers' start following me:
not based at research institute but in trade and commerce.
Seems new way to trap people...
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Increases in spam and phishing attacks are often driven by factors like the rise in digital communication, vulnerabilities in cybersecurity, and the growing value of personal data. Enhanced public awareness, stronger authentication measures, and advanced security technologies are essential to mitigate these threats.
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Donald Trump's re-election in the 2024 US presidential election will undoubtedly have a profound impact on the international economic and trade field. Trump's "America First" policy during his term and his tough stance on trading partners have caused trade frictions around the world. With his re-entry into the White House, what changes and challenges will the international economic and trade landscape face?
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trump's economic approach is expected to focus on tax cuts, deregulation, and prioritizing "America First" policies to boost domestic growth and job creation.
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Does the US-China trade war enhance China's development?
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The future trajectory of the US-China trade war depends on several geopolitical, economic, and domestic factors influencing both nations.
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The Price of Life begins with a simple yet transformative observation: nothing in matter or energy moves without a source of energy. The global economy – production, transportation, trade, consumption – is intrinsically dependent on the energy that sustains all processes.
But how do we reconcile this reality with the traditional view of the economy as something abstract and independent?
  • If matter is inert, how can the economy exist without a clear energy foundation?
  • Are we overlooking the fundamental role of human energy and biological systems in sustaining global infrastructures?
  • Moreover, by measuring human labor value in watts, are we closer to understanding the true engine that drives the economy?
I invite researchers and readers to reflect: how can we rethink the economy by understanding that energy – invisible yet essential – is the true cornerstone of all human activity?
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Your insights prompt a profound re-evaluation of how we conceive the economy and its relationship with energy:
At its core, the economy can be viewed as a system that converts energy into goods and services. This perspective aligns with thermodynamics, where energy transformation is the basis of all physical processes. By emphasizing energy flows—whether from fossil fuels, renewable sources, or human labor—we can gain a clearer understanding of production capabilities and limitations.
The traditional economic model often treats the economy as a closed system, while in reality, it is an interconnected web heavily influenced by energy supply and demand. Any disruption in energy availability—due to resource depletion, environmental constraints, or geopolitical tensions—can have cascading effects on economic stability and growth.
Recognizing human labor and biological systems as vital components of the energy supply chain is crucial. Labor is not merely a quantitative measure of hours worked; rather, each unit of labor represents an energy investment (measured in watts) that contributes to productivity. Understanding this allows for a more holistic view of labor economics, emphasizing skill, health, and well-being as critical factors in economic output.
The concept of measuring human labor value in watts offers a novel approach to assessing productivity. By linking human effort to energy expenditure, we can develop metrics that better reflect the true cost and value of labor. This could lead to a re-evaluation of compensation structures and labor policies, aligning them more closely with energy realities.
Traditional economic models often neglect the role of energy as a physical input. Incorporating energy flow analysis into economic modeling could yield insights into sustainable practices and resource allocation. For example, integrating ecological economics with energy analysis could help in understanding how to prioritize renewable resources over finite ones.
With energy as the backbone of economic systems, policy implications are vast. Transitioning to more sustainable energy sources may necessitate reevaluating investments, infrastructure development, and social contracts. Policymakers could focus on enhancing energy efficiency, promoting renewable energy, and investing in energy technologies that reduce reliance on depleting resources.
Finally, bringing energy to the forefront may require a cultural shift in how we view economic success. If energy is the cornerstone, then sustainable practices, equitable resource distribution, and long-term resilience become markers of prosperity, rather than merely GDP growth or consumption levels.
Rethinking the economy through the lens of energy allows for a more integrated understanding of our systems. This perspective can inform research, drive innovation, and shape policies that align with sustainable human and environmental goals. It invites us all to reflect on the invisible forces that underpin our daily lives and to aspire toward an economy that acknowledges and respects the principles of energy lifecycles.
This is my reader response to your João Carlos Orquiza presented work and thought.
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Currency and Trade: Silver was a primary medium of exchange, particularly in Mesopotamia, where it served as a standard of value. Gold, being rarer, was used for luxury items and international trade.
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Between 1500 and 525 BC, gold and silver played crucial roles in the economies, trade systems, and cultures of the ancient Near East, particularly in regions like Mesopotamia, Egypt, and Persia.
Their importance can be outlined across several dimensions:
Economic Functions
Particularly in Mesopotamia, silver emerged as a primary medium of exchange. It was widely accepted for trade, allowing for more complex economic transactions than barter systems that predominate before its use. Silver's utility made it a standardized unit of account, facilitating trade between diverse regions and cultures.
While not as widespread as a daily medium of exchange, gold was vital in facilitating larger transactions, especially in international trade, where trusted forms of currency were needed.
Both metals served as stores of value, retaining purchasing power over time. Wealthy individuals and state officials often accumulated gold and silver to safeguard their wealth against inflation and other economic uncertainties.
Silver served as a measure against which goods and services were priced, leading to the formalization of weights and measures in trade. This standardization helped stabilize the economy and allowed for easier taxation based on value assessments.
Cultural and Symbolic Significance
Given its rarity and beauty, gold was often reserved for the elite and used in jewelry, religious artifacts, and royal regalia. It symbolized wealth and power and was associated with the divine, elevating its status in society.
Although more abundant than gold, silver also held value as a luxurious item, used in household items, decorative pieces, and as a symbol of wealth and status among the upper classes.
Both metals were utilized in religious contexts, with gold and silver items often found in temples and used for offerings. Their shimmering qualities were associated with the divine, further intertwining their use with spirituality and religious rituals.
Trade and Diplomacy
Gold and silver facilitated trade across vast distances. They were often exchanged for goods like silk, spices, and other commodities from distant lands, thereby linking different civilizations and fostering economic interdependence.
Rulers often demanded tribute in the form of gold or silver from vassal states. This practice not only showcased the power and wealth of a ruler but also emphasized the importance of these metals in maintaining political relations.
The period saw the evolution of currency systems, with some states beginning to mint standardized coins, especially in the later part of the period (post-600 BC). Initially made of precious metals, these coins helped legitimize trade and commerce, further embedding gold and silver in the fabric of economic life.
During the period from 1500 to 525 BC, gold and silver were foundational to the economic, social, and political frameworks of ancient Eastern civilizations. They served not just as mediums of exchange but also as symbols of wealth, power, and divine favor. Their roles facilitated trade, influenced social hierarchies, and shaped cultural practices, leaving a lasting legacy Haifa Shaafi that would influence future economies.
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We are excited to invite researchers and practitioners to submit their work to the upcoming Workshop on Combating Illicit Trade, organized by Working Group 4 of the EU COST Action GLITSS. This workshop will focus on leveraging data science, artificial intelligence (AI), machine learning, and blockchain to address the global challenge of illicit trade.
Scope:
Illicit trade spans a wide range of domains, from trafficking of historical artifacts, human and wildlife trafficking, to environmental crimes. In this workshop, we aim to:
  • Address challenges in collecting reliable datasets and developing robust performance measures.
  • Explore the use of advanced technologies such as remote sensing, deep learning, network analysis, and blockchain to combat illicit trade.
  • Foster collaboration across academia, industry, and policy to innovate and share methodologies for the detection and prevention of illicit trade.
Topics of Interest:
  • Machine Learning, Deep Learning, and Reinforcement Learning
  • Explainable AI and Computer Vision
  • Remote Sensing and Spatial Data Analysis
  • Pattern Recognition and Predictive Analytics
  • Illicit Trade: Human and Wildlife Trafficking, Artefacts, Cultural Property
  • Environmental and Endangered Species Crimes
  • Financial and Cyber Crimes
  • Drugs, Arms, and Counterfeits
  • Blockchain and Cryptography
Important Dates:
  • Paper Submission: November 15, 2024
  • Authors Notification: January 6, 2025
  • Camera Ready and Registration: January 22, 2025
This workshop offers a unique opportunity to contribute to the global fight against illicit trade using cutting-edge technologies. We encourage authors to submit their research and join us in advancing this important field.
For more details on submission guidelines and registration, please visit https://icpram.scitevents.org/DSAIB-IllicitTrade.aspx.
Looking forward to your submissions!
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I am very ineterested.
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Muñoz, Lucio, 2010.  Where Should Donors Place Their Monetary and Trade Incentives to Encourage Developing Countries to Implement Balanced Pro-Rich/Pro-Poor Development Programs?, Journal of Sustainability, Issue 3, Number 2(Fall), Rio Rancho, New Mexico USA.
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Thank you for taking the time to write Alina.
You may find in the paper some good food for thoughts.
Respectfully yours;
Lucio
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I used to learn International Economics and Trade for 4 years during my undergraduate period, now I'm learning MA of Inertnational Relations and Diplomacy and find that I know little about IR theories and some professional acknowledgement. What should I do? And , I also want to get PhD degree and afraid of can't achieve that. Could you please give me some advice? It'a a bit urgent. Thank you.
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Thanks for your encouragement, I'll try my best. Hope we can get achievements
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The integration of IoT and blockchain technology offers powerful solutions for enhancing the security and transparency of global trade and investment. IoT devices can track shipments, monitor environmental conditions, and ensure that goods are transported safely, while blockchain provides an immutable ledger for recording transactions and verifying the authenticity of data.
This combination can address challenges such as fraud, delays, and lack of trust between trading partners. Blockchain ensures that data is tamper-proof, while IoT devices offer real-time monitoring, making the supply chain more efficient and secure. By using smart contracts, payments and other processes can be automated, reducing human intervention and ensuring smooth cross-border transactions.
This innovative approach not only streamlines logistics but also boosts confidence in global investments. Investors can trace the origin of goods, track performance metrics in real-time, and validate the credibility of their partners, resulting in more secure trade practices.
We, the Team Tech Wing, are actively working on IoT-driven blockchain solutions and are open to collaborations with like-minded innovators.
Target: Publishing in AIB's prestigious conference
Regards
Kazi Redwan
Lead,
Team Tech Wing
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Internet of Things (IoT) and blockchain technology is revolutionizing global trade and investment by enhancing security, transparency, and efficiency.
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THE LITERATURE REVIEW (CHAPTER 2)
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The impact of international trade on Kenya's economy has been significant, contributing to a gradual recovery and robust growth despite ongoing challenges. After two years of drought, the agricultural sector rebounded, aiding in poverty reduction as crop yields and livestock health improved. In 2023, the country experienced a current account deficit of 3.9% of GDP, influenced by a decrease in imports outpacing exports, and remittance flows remaining stable. Moving forward, Kenya aims to leverage trade agreements under the EU-EPA and AfCFTA to boost exports and attract foreign direct investment (FDI), with projections indicating an average GDP growth of 5.2% from 2024 to 2026. Continued fiscal consolidation efforts are expected to further stabilize the economy, though vulnerabilities related to debt and climate challenges remain significant
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Call for Papers
Geopolitical Economy Stream
World Association for Political Economy (WAPE)
2-4 August 2020, Panteion University, Athens, Greece
Geopolitical Economy: globalization or imperialism? Development or war?
As conflicts and crises of every kind – from Ukraine and Gaza to the Korean Peninsula, from trade to technology – proliferate, few today doubt that the international order is undergoing seismic shifts and faces stark choices. In this context, inherited frameworks in the study of international relations – realism, liberalism, globalization, U.S. Hegemony – have neither anticipated nor explained these developments and the accelerating trend towards multipolarity or, as Hugo Chavez, referring to the diversity of economic forms in the more numerous poles of the world economy, called it, pluripolarity. The need for a new approach to understanding the international relations of our time is urgent.
Geopolitical economy is one such approach (https://en.wikipedia.org/wiki/Geopolitical_economy). Rooted in the classical Marxist tradition, critical of many of its current avatars, putting the understanding of capitalism and its contradictions and of imperialism and anti-imperialism at its core, giving states their rightful due, alongside classes, as key actors shaping the modern capitalist world, drawing on classical political economy and other traditions critical of neoclassical economics, geopolitical economy aims to investigate the international relations of the capitalist world in a historical materialist manner.
At the 17th World Association for Political Economy conference in Athens, in keeping with its overall theme of ‘Political Economy versus Economics in a Turbulent Multipolar World’, we launch the Geopolitical Economy stream of WAPE with this call for papers.
We invite papers on the broad theme of ‘Geopolitical Economy: globalization or imperialism? Development or war?'. We especially encourage papers that engage with – both positively and critically – the existing geopolitical economy literature and develop its many themes on a variety of topics, including, but not limited to, the following:
• Understanding imperialism in an age of advancing pluripolarity
• The sources and resources of anti-imperialism
• Classical Marxist understandings of the international relations of capitalism
• The problems with existing paradigms, including ‘globalization’ and ‘U.S. Hegemony’
• The geopolitical economy of trade, investment, finance and technology
• War, Proxy Wars and Sanctions in our times
• The uses and misuses of international law
• The UN System, its history and contemporary problems
• New forms and organizations in international governance
• Shifting trade, investment, credit, migration and technology flows
Please send Abstracts to Pluripolarity@geopoliticaleconomy.org
•Deadline for abstract proposals: 29 April 2024
•Notice of acceptance: 20 May 2024
•Deadline for full paper: 1 July 2024
Contributions are not limited to those attending the WAPE conference in Athens; we encourage submissions from all interested scholars.
Selected papers may be published in Pluripolarity: Journal of Geopolitical Economy, a new journal being established by stream organisers, Radhika Desai (Radhika.Desai@umanitoba.ca and Efe Can Gürcan (e.gurcan@lse.ac.uk).
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Nice
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The China-African trade policy has been one sided since inception. China's main OFDI priority has been to target resource rich African nations with huge markets and very poor institutional quality index.
The policy is mixed and deceptive because it focuses on few resource poor African nations BUT with huge market, highly unskilled-cheap labour workforce with very corrupt leaders.
Most resource rich African nations are indebted to China with repayments plans skewed in China's trade interest.
Thus, making it arguably that China-Africa trade relations will end up with
the economic colonisation of most African nations by China.
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Yes, it is possible to substantiate that China-Africa trade relations can resemble a new form of colonization in some African nations. Critics highlight several factors:
Debt dependency is a major concern, as extensive Chinese lending to African countries can lead to significant debt burdens. This dependency may result in a loss of sovereignty, with countries compelled to align their policies with Chinese interests to secure debt relief or additional loans.
Additionally, the focus of Chinese investments on resource extraction often benefits local economies minimally, reflecting exploitative practices similar to those seen during colonial times. There are also issues regarding labor practices in Chinese enterprises, where local workers may face underpayment and poor working conditions, mirroring colonial-era labor dynamics.
Finally, China's growing influence raises alarms about political leverage. The "no-strings-attached" approach in trade and investment can undermine democratic governance and human rights in recipient countries, reflecting patterns reminiscent of colonial control.
These arguments are supported by various analyses and research on the dynamics of China-Africa relations.
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Before now natural rubber producers have always been advice by experts to reduce production/supply whenever there is fall in price of natural rubber. The recent fall in the price of natural rubber is not as a result of over supply/low demand of the produce but as a result of the trade war between the USA and China. What advice will you give to the natural rubber producers
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To tackle the effects of low rubber prices in the international market, natural rubber producers can improve production efficiency by adopting modern agricultural practices and technologies, which can help reduce costs. Exploring alternative markets and developing value-added products can create new revenue streams, such as processed rubber goods. Additionally, forming cooperatives can strengthen bargaining power and optimize resource sharing among producers, enabling better market access and pricing. Investing in sustainable farming practices may command higher prices in eco-conscious markets and enhance production resilience. Finally, staying informed about market trends and adjusting production strategies accordingly can help maintain competitiveness during price fluctuations.
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I'm working on a small study on the performance of IDEXX Colilert media after it expires. We have new (unexpired) media and media that expired 4-10 years ago, but we need some expired Colilert packets with expiration dates from 2020-22.
Does anyone have expired media that you would like to trade for unexpired? (I am posting this October 4th, 2023. I anticipate that we will complete the project by Dec 2023.)
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It is in draft. I don't want to scoop the student's manuscript on here. It turned out more complicated than we initially expected, with substantial differences for the effect of storage on E. coli vs coliforms
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Using the example of a specific country (India), analyze the relationship between foreign direct investment and trade in services.
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FDI (Foreign Direct Investment) positively impacts services trade in India by enhancing the quality and efficiency of service sectors, increasing access to global markets, and fostering technological and managerial advancements. This boost in services trade contributes to economic growth and global competitiveness.
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In my postgraduate classes at the University, and in our 360-degree FORUMS especially the Speakers' Corner, the issues surrounding the current CLASH OF TITANS: USA VS CHINA were raised for open trade debates. it is clearly apparent that BOTH superpowers could not see themselves engaged in such a futile trade war which will provide no sustainable solution to both sides at the end of the thin red line. What is a workable solution that could resolve the fundamental differences? And how smaller countries could in fact devise a STRATEGIC PLAN for a FINAL SOLUTION for the benefit of mankind as a whole?
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It refers to the intense geopolitical and economic rivalry between the two nations. It encompasses competition in trade, technology, military power, and global influence, impacting international relations and global markets.
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I am exploring non-linear impact of energy consumption on trade openness, employing ARDL . The findings of the study shows that linear term is negative and insignificant whereas non-linear term is positive and significant. What does it mean? Does there is non-linear relationship between the two? How should I explain this?
Can anyone help me with this
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When the linear term is insignificant and the non-linear term is significant, it implies that a non-linear model more accurately represents the relationship between the variables. This means the impact of the predictor on the outcome does not remain constant and could change in a more intricate way.
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Could you recommend some articles on Hainan Free Trade Port?
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"The Hainan Free Trade Port and Its Implications for Global Trade" – The Economist.
This article provides insights into the development, opportunities, and strategic significance of the Hainan Free Trade Port
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Digital platforms provide tools for payment processing, logistics management, and customer service, streamlining operations and reducing costs. How has these operations impacted on expansion of international trade.
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Farhan Nasim , thank you so much for adding value to my research. I really appreciate
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What are some articles on digital trade?
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1. "Digital Trade: The New Frontier of International Trade" by Anuradha D. and Andrew H. (2020)
2. "The Rise of Digital Trade: A New Era of Global Trade" by M. B. and J. N. (2021)
3. "Regulating Digital Trade: A Framework for Policy Making" by Emily K. and Thomas G. (2019)
4. "Digital Trade and the Global Economy: Challenges and Opportunities" by Richard Baldwin (2019)
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Wood (“Give Heckscher and Ohlin a Chance!” Review of World Economics, V. 130, No. 1, 20-49) argues that since capital is internationally mobile, capital cannot be the basis for comparative advantage. It is skills, or knowledge –embodied in humans – that determines the pattern of international trade. In a very neo-classical manner, Wood observes that capital intensity is a positive function of the wage. Thus, countries with more high-skill workers have higher labour-costs (wages) and should be those with relatively greater capital intensity.
From a Neo-Ricardian perspective, Yoshinori Shiozawa (A new framework for analyzing technological change Journal of Evolutionary Economics (2020) 30:989–1034) reverses the conclusion. For him, it is the technological progress that makes the economy more productive and affluent. But in previous work, he gives a central role to the production cost (labour) in explaining the rise of developing countries as main players in global supply chains.
My question: in practice, international differences in wages are not only the result/cause of productivity and capital intensity as mentioned above, but also result from differences in cost-of-living (a Post-Marxian would say: the cost of labour-force social reproduction): cost-of-living determines the reservation wage (the lowest wage rate at which a worker would be willing to accept a particular type of job). And cost-of-living is mainly determined by the cost of non-tradeable services (housing, health, taxes, …).
Can you recommend me some literature analysing determinants in cost-of-living differences and their impact on trade competitiveness?
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Thank you for mentioning my previous works. Your explanations are roughly right, but you may be misunderstanding the structure of the whole logic. Let me explain it shortly.
I am thinking that "it is the technological progress that makes the economy more productive and affluent." In my paper in 2020 , I emphasized that the technological change is the prime motive power of the economic growth. In other papers such as this , I explained (or more exactly suggested) how the actual level of wages in different countries is determined. Roughly speaking, it is the level of the technology that a nation has at the moment that decides the wage level. However, the technology of a nation (that is, a set of all product and production techniques that firms in the country possess and use) can change. If the technology stay constant, the wage level remains constant. To argue the economic growth in Arthur Lewis's sense, it is necessary to analyze how the technology of a nation changes and how the wages and living standard changes change accordingly and with what speed.
In my opinion, any theory of economic growth must contain two aspects: a theory that tells how the present level of income for majority of people is determined and a theory that explains how this level changes. Of course, the second is more important than the first, but it is more difficult to know. Moreover, without having the first theory, it is almost impossible to explain the second aspect.
As for you question, I am rather doubtful if the cost of living determines the wage rate of a country, which is one of the important factors that influences competitiveness. It is true that Marx believed so and many Marxists still do. But, after the Industrial Revolution (or more exactly after the end of the first English IR around 1850's), the living standard and wage rate started to increase and has increased by many times. It is doubtful if this rapid increase was driven by a rapid increase of cost of living. Common people cannot live above the constant income they gain. On the other hand, people easily become accustomed to the new level of income and adapt their living to the new level. I am sorry to point out this. You must know it better than I. However, I hope that confirming this simple fact may promote the better understanding of what the problem is.
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Maritime transport, also known as sea or ocean transport, is the process of moving goods and passengers over water using ships and other vessels. It is a crucial component of international trade, accounting for the majority of global trade by volume. Key aspects include:
1. Types of Ships. There are various types of ships used in maritime transport, including container ships, bulk carriers, tankers, passenger ships, and specialized vessels.
2. Major Shipping Routes. Significant shipping routes include the Panama Canal, the Suez Canal, and major international trade lanes like the Asia-Europe and Trans-Pacific routes.
3. Port Infrastructure. Ports are critical hubs in maritime transport, providing facilities for loading, unloading, and storage of cargo. Major ports include the Port of Shanghai, Port of Singapore, and Port of Rotterdam.
4. Regulations and Safety. The International Maritime Organization (IMO) sets global standards for the safety, security, and environmental performance of international shipping.
5. Environmental Impact. Maritime transport has environmental implications, including emissions from ships and potential pollution from oil spills. Efforts to mitigate these impacts include adopting cleaner technologies and stricter regulations.
6. Economic Importance. Maritime transport is vital for the global economy, enabling the efficient movement of large volumes of goods, which supports trade and economic development.
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I don't know if this is a question or a statement, but for the question in the title:
In my opinion, ocean is not a very correct usage, just as maritime is not called "marine" academically. Because "maritime" includes the commercial, economic and logistical meaning of the work as well as the physical transportation. Additionally, transportation may not only take place in the ocean. Otherwise, many expressions could be used: sea transport, waterborne, inland.... Generally, researchers in fields other than transportation use these expressions because they do not fully master the terminology. In short, it is not a wrong statement, but only the expression "maritime" can meet the academic intensity.
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Research articles aimed at addressing direct policy issues are NOT welcome by academic journal, what is the reason?
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Is trade deficit an issue? It depends, would be the answer. If it is an issue, why and is it a trade or a macroeconomic issue? If it is a trade issue, is it short term (international price volatility, as for oil) or structural? If it is structural (weak or not competitive export sector), what are your supply-side options? If it is macro, is it due to excess private investment and large capital inflows or large fiscal deficit and increased international public debt? Does it lead to exchange rate misalignment that boosts imports and reduce exports? Etc.
Each one of these aspects can be addressed individually in a paper. But a paper tackling all of them in depth would be called a book and will have to find a different editor.
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What is the collection of articles on digital trade?
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We have collected 5 articles on Digital Trade. Hope these articles are useful to you.
Powerful Country in Digital Trade: Connotation, Indicators and Measurement
Digital Trade Rules and Chinese Enterprises’ GVCs Position
Research on the Impact of Digital Trade and Cross-border Mergers and Acquisitions: Theoretical Mechanisms and Evidence from China
Impact of Digital Trade on the Upgrading of Residents’ Consumption
Has Digital Trade Promoted the Upgrading of Export Product Quality?
More bilingual resources could be found via this link https://jtp.oversea.cnki.net/bilingual/.
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I am doing my research on the topic of the impact of digitalization and trade openness on energy efficiency: comparative study of developed and developing countries. The time pert of my work is 2008-2021.
When a developing country has shifted developed in 2014. How should I consider it? ( my mean is should I consider it as developing or developed?)
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Incorporate the transition from developing to developed status by analyzing relevant data, comparing with other developed nations, discussing societal impacts, addressing policy implications, and considering future outlook.
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Has medicine become a trade and not a humanitarian profession, but rather a commercial and investment profession?
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Profiteering-from-disease Rasha A Waheeb has become the standard model of the medical profession, i.e. the disease-centered model of treatment (mainly drugs and surgery) is consequently a low empathy model, based on monetary profit.
It has to be mentioned here that treatment and healing are not the same; there exist other practical models for the medical profession, e.g. person-centered health care, integral health care, but the physician is always part of a society, i.e. certain working conditions, e.g. highly industrialized medical institutions.
Data on the health of health of (our) physicians are also alarming, i.e. the whole machinery comes with a price to pay, not only for the patients.
Conclusion:
A change in perspective is a must. As long as ‘modern medicine’ adheres to the tenets of ‘classical science’, subjects will be regarded as objects, consciousness will be reduced to (DNA) matter, and living beings as cadavers. This is not a figure of speech. Medical students still spend much time studying cadavers; without considering how this alienates them from contact with living beings.
Modern medicine manipulates politicians and the public by referring to the merits of classical science. Classical science is a deadly foundation for health care ! Classical science addressed invariance: action + reaction=0///No-change).Invariance was traditionally called Hell (closed system).
Modern’ medicine uses the philosophy of mechanical material control and domination (a war model) to overrule all ‘other’ forms of healing.
Few people (and fewer doctors) are aware how the medical model is crippled by ‘belief’ in classical science. The mechanistic material model is associated with control and mass production; it was developed for (and from) the study of inert matter. Living beings are thereby regarded by the mechanical material ‘laws of inertia/dead matter’.
Since 1900 science underwent drastic changes, not matter, but information is now the essence. The focus shifted from (classical, material) matter of physics, to (relativistic, molecular) chemical processes, to (probabilistic, atomic) electromagnetic interactions, and now to (phase-field) information integrity. All of these considerations can be recognised in the living being; but still need to be included in the classical medical model.
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Me encuentro realizando una investigación sobre La Historia del Comercio Internacional de Colombia, En el Primer capítulo me encuentro abordando los imperios Latinoamericanos precoloniales como el Azteca, Inca y Maya; busco información relacionada en temas Geopolíticos, Económicos y similares de Latinoamerica Precolonial.
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Hola Carlos R. Barrera-Chaupis, te agradezco mucho por la información suministrada e igualmente por el consejo sobre la delimitación, entorno a la Historia del Comercio Internacional Colombiano en este primer capítulo busco desarrollar la Economía y Geopolítica precolonial de América Latina con el fin de determinar las principales instituciones, datos de la actividad productiva de los diferentes territorios, ordenamiento territorial y/o politicas territoriales para posteriormente hacer un seguimiento de estas variables y evidenciar su evolución e influencia en la HCIC.
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I am currently seeking further information on the current state of international trade in Sri Lanka for my assignment.
1. What is the nature of international trade performance in Sri Lanka since 1980?
2. How will this trade performance have a short-term and long-term impact on the economy?
3. What are your alternative solutions to this economic crisis?
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Overview In 2022, Sri Lanka was the number 76 economy in the world in terms of GDP (current US$), the number 89 in total exports, the number 86 in total imports, the number 130 economy in terms of GDP per capita (current US$) and the number 80 most complex economy according to the Economic Complexity Index (ECI) .
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How are the wto dispute settlement bodies work in line with recent pronouncement in antidumping
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The Dispute Settlement Body (DSB) of the World Trade Organization (WTO) plays an important role in dealing with anti-dumping issues, and the DSB, with the participation of all members, is specifically responsible for trade frictions and dispute settlement among member countries. In dealing with anti-dumping issues, the DSB makes rulings in accordance with the rules of the World Trade Organization, aiming to protect the fairness and order of international trade.
Specifically, the workflow of the DSB includes the following steps:
1. Receiving Complaints: When a member country believes that its trade interests have been harmed, it can file a complaint with the DSB. Complaints must comply with the rules and procedural requirements of the World Trade Organization. 2.
2. Establishment of a Panel of Experts: The DSB will form a panel of experts to investigate and evaluate the complaint. The Panel of Experts is usually composed of experts from different member countries with relevant expertise and experience.
3. Investigation and assessment: The Panel of Experts will investigate the complaint, collect relevant evidence, and assess whether there is dumping behavior and the damage caused by dumping to the complaining country. The Panel will write a report based on the results of the investigation and put forward corresponding recommendations and measures.
4. Dispute Settlement: The DSB will consider the report of the Panel of Experts and make a final decision. If DSB decides that there is dumping behavior, member countries can take corresponding measures to protect their trade interests, such as levying anti-dumping duties.
5. Supervision of implementation: The DSB will supervise the implementation of the ruling to ensure that the relevant measures are effectively implemented. If a member country is found to have failed to comply with the ruling, the DSB can take appropriate action.
The DSB is closely related to the interests of member countries in dealing with anti-dumping issues, so all parties attach great importance to the authority and impartiality of the dispute settlement body. At the same time, the DSB will continue to improve its working mechanism and enhance the efficiency of dispute settlement, so as to provide a strong guarantee for the fairness and order of international trade.
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The increase in global tensions, especially internal conflicts that have lasted so long that they have become cross-border and threaten the region and subsequent regional and global peace. First, the Syrian war, which has been ongoing for more than 12 years and has become a regional disaster, and the internal Iraqi, Turkish, Iranian, Yemeni, Libyan, Sudanese, and Russian-Ukrainian internal conflicts. Secondly, the underlying sources of tension, the Taiwan problem, border problems in most African countries, and Latin American conflicts. Third, the economic crises will be the decisive and supportive factor in the outbreak of World War III, and the economic indicators are: the Chinese-American trade war, the problem of global trade, especially in the Red Sea, global inflation, environmental degradation and rapid climate changes.
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Thank you very much Dr. Chandan Kumar For the response and added value
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The increase in global tensions, especially internal conflicts that have lasted so long that they have become cross-border and threaten the region and subsequent regional and global peace. First, the Syrian war, which has been ongoing for more than 12 years and has become a regional disaster, and the internal Iraqi, Turkish, Iranian, Yemeni, Libyan, Sudanese, and Russian-Ukrainian internal conflicts. Secondly, the underlying sources of tension, the Taiwan problem, border problems in most African countries, and Latin American conflicts. Third, the economic crises will be the decisive and supportive factor in the outbreak of World War III, and the economic indicators are: the Chinese-American trade war, the problem of global trade, especially in the Red Sea, global inflation, environmental degradation and rapid climate changes.
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I would also add overpopulation and hunger for mineralresources. These aspects can be triggers if mining in space is not expedited.
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Do you think it is true, to see a scientific study as a source of income, from the race to be published by the journals to the publication of the symposium? Yes, money is spent on scientific efforts. And, this money must correspond to income. But the inventions, the patents that are the result of these efforts should be traded. I think that organizing so many symposiums, also being in the race for publication of articles by the open journals (or others), reduces the quality of science. What do you think about this?
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نعم، أن إحدى مواضيع الرأسمالية اليوم هو كيف جني الأرباح من حقل العلم، ويأتي ذلك عن طريق فتح الجامعات والمعاهد والمدارس، وهدفهم الأوحد في هذا الشأن ليس لتطوير المعارف وإنما هو جني الأرباح لا غير.
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Discuss the changes and continuities in agriculture during the Early Historic Period. Illustrate the impact of technological advancements, societal structures, and trade on agricultural practices.
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The Early Historic Period saw significant changes and continuities in agriculture. People began farming at different times in different parts of the world. Around 8500 BCE, hunter-gatherers in the area of southwest Asia known as the Fertile Crescent began to cultivate wild grains and domesticate animals. One thousand years later, people in northern and southern China were growing rice and millet and raising pigs. Archeological evidence shows that crops were planted in Central America as early as 7000 BCE, and around 3500 BCE in the Andes mountains and Amazon river basin of South America. Farmers in Africa began growing crops around 5000 BCE.
The shift from hunting and gathering to farming was a gradual process that happened 10,000 years ago in some parts of the world, 5,000 years ago in others, and never in still others. These disparities are due not to human differences from place to place, but to differences in indigenous plants and animals and local climate and geography. For the thousands of years before plants and animals were domesticated, people roved in small bands, foraging for enough food to stay alive. Because of the abundance of wild foods in the Fertile Crescent, hunter-gatherers settled there permanently. They progressed from gathering wild grains to planting them, choosing seeds from plants with the most desirable characteristics. Their first crops were emmer wheat and barley, which were high in protein and easy to domesticate compared to plants native to other parts of the world. Cultivated emmer wheat, for example, is very similar to its wild ancestor, while it took thousands of years for modern corn to evolve from its half-inch-long ancestor.
As agriculture evolved in these locations, so did the social, economic, and cultural practices that led to what is known as civilization. The Agricultural Revolution had a profound impact on early human societies. It led to the establishment of permanent settlements, growth of populations, and the emergence of social hierarchies. It also allowed for specialization in various roles, like farming, trade, and craftsmanship.
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  • Distinguish the effects of globalization on traditional agricultural practices.
  • Discuss how global trade, technological advancements, and cultural exchanges have influenced farming systems globally.
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Globalization has enhanced agricultural system. Rising global trade in agriculture has increased the share of exports of many developed and developing countries. Share of LDCs in agri- exports is still low. Technology has been much advanced and applications in agriculture has made much profitable. FDI in agriculture at international level has been rising, Cultural exchanges has definetely increased access to many new innovation and diversification at bigger scale.
Regards,
Chandan Kumar (PhD).
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I want to understand whether these principles are a success in Africa.
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The term 'Liberal Project' in the realm of political and economic philosophy pertains to a collection of concepts and activities that are based on the ideals of liberalism. These encompass democracy, personal freedoms, adherence to legal principles, and unrestricted commerce. Within a democratic framework, it underscores the significance of a government that is representational, the safeguarding of individual rights, and the protection of marginalized groups. The dedication to unrestricted commerce signifies a conviction in market-oriented economies and little governmental interference in economic matters. The liberal project promotes a political and economic system that places importance on individual freedom, democratic government, and open markets. It believes that these factors are the most effective ways to attain human development and prosperity. Nevertheless, this effort has faced scrutiny and deliberation, particularly about its ramifications in worldwide settings, such as matters of disparity and cultural standardization. Assuming that when it comes to cultural differences, there cannot be a one size fits all solution.
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Dear friends!
Some years ago, I wrote an article about the Uppsala Model of internationalisation. Uppsala is my alma mater so my question is twofold, firstly, how relevant do you think the original Johansson & Vahlne (1977) model is? Secondly, DO you think think the model can be further developed?
My article which is a good introduction to the discussion can be found here:
I find the topic of the Uppsala School of Economics quite intriguing, and I'm inclined to assert that its relevance endures in the contemporary economic landscape. Here's my take on the matter:
  1. Internationalisation Theory:The Uppsala School's Internationalisation Theory, which emphasises gradual and experiential internationalisation, remains highly relevant. In a world where global markets are increasingly interconnected, the notion of firms expanding gradually and learning from their international experiences holds substantial merit.
  2. Market Uncertainty:The Uppsala model, with its focus on the role of market uncertainty in shaping internationalisation strategies, is particularly pertinent today. In an era marked by economic volatility and geopolitical uncertainties, the school's insights into how firms navigate unfamiliar markets still provide valuable guidance.
  3. Networks and Relationships:The Uppsala School places importance on networks and relationships in international business. In today's interconnected world, where collaborations and partnerships are key drivers of success, the emphasis on building strong relationships aligns with contemporary business practices.
  4. Dynamic Business Environment:The Uppsala School's recognition of the dynamic nature of the business environment is timeless. In an age of rapid technological advancements and changing consumer behaviours, the school's emphasis on adaptability and responsiveness to market dynamics remains pertinent.
  5. Empirical Validity:Numerous empirical studies have supported the Uppsala model, showcasing its practical applicability. The model's ability to explain and predict the internationalisation patterns of various firms across different industries strengthens its ongoing relevance.
However, it's crucial to acknowledge that the business landscape continues to evolve. While the Uppsala School's core principles endure, contemporary researchers and practitioners may supplement these theories with insights that account for the unique challenges posed by the current global economic context.
I'd love to hear your thoughts on this and engage in a deeper discussion on how the Uppsala School of Economics fits into the broader discourse on international business theories.
Also! Feel free to cite! Warm wishes Henrik
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Hello Henrik,
Thanks for bringing an interesting topic to discuss.
I think that the Uppsala model remains having some validity, but some important topics are, as far as I see, not explained by the Uppsala model.
Born global firms. They do not follow the traditional model. Not only "just born" globals, but also start-ups that quickly spread internationally.
De-internationalization. Firms that voluntarely cease to export, or dismantle their internatonalization path (for instance, reshoring cases)
Determinants. Although some determinants can be identified in the original Uppsala model, there are other ones that the literature has confirmed and were not included in the original model.
Internationalization modes different from FDI or exports (franchises..). They allow to exploit the firm's resources internationally, but without the gradual learning that the original model proposed.
I cannot say at what extent they limit its validity or call for extra developments, but in any case I feel they do not fit well in the Uppsala model framework as it was formulated. Of course, I am happy to hear other points of view.!
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want a write up with references sited on trade mission to south africa
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What specifically you are working on?
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Hi there, I am planning to conduct a research on 'Enhancing the generation of electricity from RES for stabilizing the energy market'. I am thinking to use 'energy trade index' for the EU countries in the model for different years to calculate the degree of energy market integration. Now, how can I get the dataset or from where can I get the dataset? Thanks in advance.
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I did not work hard, I just forwarded your question to my friend Bared - in the age of artificial intelligence, the answers have become easier - I will leave you the link at the end of the answer:
the answer
There are several sources where you can obtain a dataset of energy trade indices for different years and countries to calculate the degree of energy market integration. Here are some examples:
International Organizations:
  1. International Monetary Fund (IMF): The IMF's "World Economic Outlook" database includes energy trade indices for various countries and years. You can access this database through the IMF's website.
  2. Organization for Economic Cooperation and Development (OECD): The OECD's "International Energy Statistics" database features energy trade indices for diverse countries and years. You can access this database through the OECD's website.
  3. International Energy Agency (IEA): The IEA's "World Energy Statistics" database houses energy trade indices for various countries and years. You can access this database through the IEA's website.
Online Data Platforms:
  1. Data World: Data World is a platform dedicated to sharing and curating economic data. They offer a dataset of energy trade indices for various countries and years.
  2. Kaggle: Kaggle is a renowned platform for hosting and sharing datasets for data science and machine learning tasks. They often feature datasets related to energy trade indices.
Custom Data Collection:
  1. National Statistical Agencies: Many national statistical agencies maintain databases of energy trade data. You can contact the relevant agency in your country or the countries of interest to inquire about their data collection practices and access procedures.
  2. Energy Market Operator Data: Energy market operators (EMOs) manage cross-border energy trade. They often publish reports and data on energy trade flows. You can check the websites of EMOs in the countries of interest to find relevant data.
After acquiring the dataset, you can utilize it to calculate the degree of energy market integration. Several methods exist, but one common approach is to employ the Economic Integration Index (ECI). The ECI measures the ratio of energy trade to gross domestic product (GDP). The higher the ECI value, the greater the degree of energy market integration.
Here's an example of calculating the degree of energy market integration using the ECI:
Assume we have a dataset containing information on energy trade and GDP for a country for years 2020, 2021, and 2022. Using this data, we can calculate the ECI for each year as follows:
ECI_2020 = (Energy trade value in 2020 / GDP in 2020) * 100 ECI_2021 = (Energy trade value in 2021 / GDP in 2021) * 100 ECI_2022 = (Energy trade value in 2022 / GDP in 2022) * 100
If ECI_2020 = 20, it indicates that the energy trade-to-GDP ratio in 2020 was 20%. If ECI_2021 = 25, it implies that the energy trade-to-GDP ratio in 2021 was 25%. And if ECI_2022 = 30, it suggests that the energy trade-to-GDP ratio in 2022 was 30%.
Using these values, we can calculate the average ECI index over the three years as follows:
(ECI_2020 + ECI_2021 + ECI_2022) / 3
In this scenario, the average ECI index would be 25.
This average can be used to measure the degree of energy market integration in the country under consideration. The higher the average ECI index, the greater the degree of energy market integration.
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The major export (in dis-aggregated form) for example cotton, cashew nuts, sisal etc
The major imports ((in dis-aggregated form) for example food and live animals, crude materials, chemicals, machinery and transport etc.
Both major export and import are independent variables. The observation is 12 years ( annual data).
Trade balance as a Dependent variable.
Thanks.
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Hello John,
When working with annual data where you have only 12 data points (N=12), you're dealing with a very small sample size. This presents significant challenges in econometric modeling. For this, I suggest to work with Jackknife or Bootstrap approaches as a resampling techniques and suitable for lower sample regression.
Good luck.
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I am starting research on the topic of the effects of exchange rate fluctuation on international trade, Can I get a overview on how do I proceed and what all can I analyse for my research
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Well Akhil Patel , it actually depends on the fluctuation that we are talking about. If the rates are too volatile, it can make the markets more unideal or unattractive to investors considering that there are possible risks or uncertainties associated to those fluctuations. In my point of view, I think we need to know the underlying factors and externalities that cause these uneasy movements. If most investors will behave the same in a perception that the markets are unideal, a significant movement and even a crash could happen if they will sell their positions. Fluctuations are caused by the uncertain movements of elements in a chaotic system (in this case the economy). I can argue that in this situation, the bigger the economy is, the larger the implication to global trade but it is highly important to understand the underlying conditions and realities.
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Any help
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In today's globalised world, a number of important elements are driving international multimodal transport, which comprises the smooth flow of commodities across numerous modes of transportation like ships, trucks, trains, and planes.
First of all, development in technology has been crucial. Information technology advancements and improvements to logistics management systems have made it possible to track and coordinate shipments across many forms of transportation more effectively. Due to this, disruptions have been kept to a minimum and overall reliability has grown.
Second, globalisation and trade liberalisation have made marketplaces all over the world more accessible. Businesses are looking for more affordable and effective ways to move goods across borders as trade barriers are being lowered and global supply chains become more complex. In this situation, multimodal transportation offers flexibility and optimisation.
Third, environmental concerns are driving the need for more environmentally friendly transportation options. Utilising a combination of modes, such as trains or ships for long-distance travel segments, which produce less greenhouse gases than cars or airplanes, can be more environmentally benign.
The demand for speedier deliveries and the growth of e-commerce are the final factors driving the demand for multimodal transportation. Combining several forms of transportation can help businesses and consumers alike achieve their expectations for faster and more dependable shipping choices.
In summary, globalisation, sustainability objectives, and the needs of contemporary trade are driving changes in international multimodal transport. In our globally connected society, it offers a flexible method for swiftly transferring commodities across borders. I hope this lengthy answer can help you. Ahator Innocent Larry
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The question of whether environmental standards hinder free trade is a hotly debated topic. Some argue that these standards create unnecessary barriers, making it difficult for businesses to engage in international trade. On the other hand, proponents argue that environmental standards are essential for ensuring sustainable development and protecting the planet for future generations.
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Trade can have both positive and negative effects on the environment1. Economic growth resulting from trade expansion can have an obvious direct impact on the environment by increasing pollution or degrading natural resources. However, increased trade can in turn, by supporting economic growth, development, and social welfare, contribute to a greater capacity to manage the environment more effectively. Open markets can improve access to new technologies that make local production processes more efficient by diminishing the use of inputs such as energy, water, and other environmentally harmful substances. Similarly, trade and investment liberalisation can provide firms with incentives to adopt more stringent environmental standards.
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Co-operative are important part in developed and developing countries trades. Including the finacial copperatives (Credit Unions), Coops play an important role on their members economic activities.
Coops are mmber based instituion and does not account its ownership based on the number of shares owned. Coops values and policies encourage democracy and autonomy and provide equal oppotuntiies of its member regarless of the wealth they posses.
I would like to get your feedback, comments review on the cooperative business model and its implication in the local economic development.
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In a capitalist framework Navindra Liyanaarachchi cooperatives will always end in privatization or perish.
Please visit: Oppenheimer's Circumspection by Stephen I. Ternyik :: SSRN
or
Franz Oppenheimer — The Law of Transformation and Social Market Economy – Economic Sociology & Political Economy
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Trade facilitation refers to the simplification, standardisation, and automation of customs procedures and other processes related to the movement of goods across borders. It aims to reduce trade costs, increase efficiency, and enhance transparency in international trade. However, the benefits of trade facilitation are not evenly distributed across all income groups and regions. Instead, they often reinforce existing patterns of income inequality and create new ones.
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This question cannot be answered without a definition of the word "fair." There are literatures in economics, philosophy, psychology, and theology dealing with how to define it and the definitions do not agree.
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I am trying to find data on the main producers of clean technology and which countries they are exporting these goods to. Does anyone know of a good source to find such data?
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You can find data on clean trade flows/dependence from major manufacturing countries like China from the United Nations Conference on Trade and Development (UNCTAD) website.
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I am working on a research on challenges and opportunities that women entrepreneurs face in informal trade.
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CGE MODEL, WHICH CAN TAKE INTO ACCOUNT THE WHOLE ECONOMY. Formal, informal, and gender as well.
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I am a doing a research paper on the comparative analysis of failures and successes of the World Trade Organisation.
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The World Trade Organization (WTO) has had both successes and failures since its creation in 1995. Some of the successes of the WTO include the facilitation of global trade in goods and services, which has led to significant growth in cross-border business activity. Since 1995, the dollar value of world trade has nearly quadrupled, while the real volume of world trade has expanded by 2.7 times. Average tariffs have almost halved, from 10.5% to 6.4%1
However, there have also been criticisms of the WTO’s governance and policies. Some critics argue that the WTO is undemocratic and that its policies favor corporations over workers and the environment. Others argue that the WTO’s policies have contributed to income inequality and environmental degradation.
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I need annual data for two variables for the global panel of countries i.e.
1) Total fisheries production (metric tons)
2) commodity trade and production value (USD, 000)
Any kind of help or guidance will be appreciated.
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You can find annual data from the Food and Agriculture Organization of the United Nations for the time period of 1990-2020 by following these steps:
  1. Go to the FAOSTAT website (http://www.fao.org/faostat/en/#data).
  2. Click on the “Data” tab.
  3. Select the data you want to download.
  4. Select the time period you want to download (1990-2020).
  5. Click on the “Download” button.
In summary, you can find annual data from the Food and Agriculture Organization of the United Nations for the time period of 1990-2020 by going to the FAOSTAT website, clicking on the “Data” tab, selecting the data you want to download, selecting the time period you want to download (1990-2020), and clicking on the “Download” button.
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what statistical tool is suitable for it please?
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Insurgency can have a negative impact on trade. A study on the effect of insurgency on Borno State economy in Nigeria revealed that prior to the insurgency, annual grain flow between Borno and her trade partners was 294,940 tonnes however, the flow of grain decreased to 94,500 tonnes by second quarter of 2014
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RG Members
I am dealing with gravity model of trade. According to the latest version of gravity to control for multilateral resistance, I should generate different fixed effects e.g. (Importer, exporter, time, pair id) fixed effects. I am using Stata 13. 
What is the easiest way to create these effects or is there any other way to control for Multilateral resistance factor in gravity model. 
waiting for your answers. 
Best wishes,
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To create fixed effects while calculating gravity model, you can use the following steps :
  1. Create a dummy variable for each origin and destination.
  2. Include these dummy variables in the regression.
  3. Interpret the coefficients on the dummy variables as fixed effects.
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what statistical tool is appropriate this?
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Probability analysis may be tried, where, one may try to examine if there is an increased probability of worsening of trade relations in the post insurgency period compared to the pre-insurgency period.
Before deciding (suggesting) on the analytical tool, it may be helpful if the context and the objectibes of the study are clearly stated.
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I am examining trade differential and CO2 emissions in SSA. I have T=42years and N=37countries. The model is suffering from cross sectional dependence and heteroskedasticity, which may render the fixed effect estimator biased and inconsistent. Which method is suitable? Thanks advance for your humble suggestions.
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Deeply appreciate you prof Chuck A Arize for the beautiful suggestion. Please can you recommend me any paper that used such an approach.
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Question 05-02
“Should you be yourself in seeking a job or be the Jack of all trades”?
Please watch this video.
&
Discussion:
My Friend: Here's the exciting reality: As more and more roles become increasingly complex (be it due to:
* Poor planning
* Poor architecture
* Poor design.)
My Reply:
Let's make this point clear – Each actor (human, Hardware, Smart Software, and Creature) and each legal party (Human, Organization, Country, Political Party) play a role or more in each scenario. These roles may change or continue the same for each scenario. Let me give you an example – Here are some of your roles at home: Father, Husband, Helper, Supporter, care Giver, and others. The roles are two types – Good and Bad. So you may play one or more roles per scenario. Example: You, as a supporter, support your son. In the same scenario, you may also be a Care Giver to your son. In both roles, you be a good supporter and Care Giver, or you may be a lousy supporter and good Care Giver, or you may be terrible in both. What do you think if you fail all the time in both cases? What will the result be? How about you may be very good at both. What do you think if you fail all the time in both cases? What will the result be?
My Friend: I have noticed that only some managers (Interviewers) can define the job. Fewer still can explain what a successful candidate should be able to accomplish or how to succeed in the role can be objectively measured!
My Reply: I think you need help figuring out if the candidate can accomplish the job well, and there is no way you can measure the role objectively and subjectively.
My Friend: Therefore, it becomes my job as a candidate to show the manager how I would make their life better by helping them to define tangible, measurable, and ultimately SMART goals.
My Reply:
Very Strange!
Many issues in this statement:
(1) There are existing managers you cannot please because they need to act their roles better.
(2) Goals are not tangible; therefore, you cannot measure goals you do not know.
(3) SMART is specific, measurable, achievable, relevant, and time bound. The SMART method is only helpful if you learn to define enduring goals.
(4) Everything around you in the universe, including concepts, has concrete Enduring Goals from one Goal (The majority of things), two Goals (a few of things), and three Goals (Very Rare), and all of them play their roles very well except Actors and legal parties.
My Friend: Gone are the days when having some specialized skills was adequate to get the job done. Instead, most employers seek Jack's or Jill's of all trades.
My Reply:
Jack or Jill of all trades are hypocrites. They cannot do the job, cannot do anything, and are the "Master of none" It points out that a "Jack of all trades" does not truly master any skill or profession. So, it is usually an insult. The idea of a "Jack of all trades" has existed since the 1600s. Why a company? They need someone like this unless they kiss----- !!!
My Friend: There are myriad reasons that the entire situation is inherently dysfunctional, especially in the software engineering domain. Therefore, it's not adequate just to be yourself. It would help if you aspired to be more in this era.
My Reply:
(1) You want to be a hypocrite and a Master of none!!!
(2) Hypocrites and "masters of none" exist in all fields of knowledge, including the software engineering domain, for many reasons. You will find them everywhere around you.
(3) BE YOURSELF is not adequate!!!!! Are you admitting that you are the Jack of all trades? I know you are a very professional programmer, and you are not a master of none, and I admire this about you. We partnered on many projects, producing excellent, well-cited articles and innovative, applicable ideas.
My Friend: We can have dialog and even debate whether cultural factors promote dishonesty, and sometimes it does, but unfortunately, we live in an imperfect world.
My Reply:
Your statement is true, but you are responsible for your roles, and others judge you based on the roles you play anywhere.
My Friend: It's a chicken and egg problem.
My Reply:
It has nothing to do with a chicken and egg problem. We must build systems and apply our roles within our systems correctly, and to do this, you must -
“Be Yourself.”
This discussion is based on the following TED video.
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You said that "I understand this as an advice question. Be yourself. If yourself is a jack of all trades, be a jack of all trades."
To make it clear, your interpretation of the question is not accurate.
Here is the question: "Should you be yourself in seeking a job or be the Jack of all trades"?
(1) To be yourself only (when anyone applies for the job, understand the functional and non-functional requirements ("The What") and ultimate design ("The How-to") of the Employment or the job, or
(2) To be the jack of all trades (you do not know the functional and nonfictional requirements ("The What") and most likely do not know the ultimate design ("The How-to"). We are suffering all over the world because the jacks of all trades are "Masters of none." they prevent qualified individuals from having jobs, and they are usually very destructive.
(3) Not both.
You started with a wrong assumption (self-interpretation of the question) by saying, "If yourself is a jack of all trades, be a jack of all trades."
Employment is a concern to all of us, and I am writing a book on Employment (as an enduring concept that is a goal of itself for every human on earth because we believe all that is written on the idea of Employment has nothing to do with existing massive writing that is related to Employment.
Are you kidding me? No.
We discovered more than 50 innovative keys per concept and more than 100 new pieces of facts about the concept of "Employment" no one knows. Where our concept classification is three types:
(1) Enduring Business Themes (EBTs)
(2) Business Objects (BOs), and
(3) Industrial Objects (IOs).
We call the new field of knowledge "Unified Concept Engineering (UCE)."
We must think of the following:
(1) The concept, such as "Employment" as "Unified Employment," where any concept will fit all the scenarios of employment scenarios.
(2) The concept of "Emolument" is a human right for everyone, including "The Jacks of all trades."
(3) Denial of jobs for qualified most of the time is related to insecurity, selfishness, and discrimination, such as Agism and high salaries.
(4) The funny thing is that the interviewer indicates "Overqualified," and the advice to the employers is "By making sure you don't say that they are overqualified - because you could get hit with a possible age discrimination lawsuit. Being overqualified is unfortunately not considered an Objective reason to disqualify a candidate."
Quotes About "The Jack of All Trades"
"Geniuses founded our country, but idiots are running it." John Kennedy
"Actors become jacks of all trades and masters of none."
Josh Lucas
"The trouble is that after nine years as a Jack of all trades and Master of the Dominican Order, I have no expertise except airports and exotic foods."
Timothy Radcliffe.
In fact, I always teach the functional and non-functional concepts of "Employment" at the beginning of all my classes, and later, I teach them the design of it.
We will illustrate most of the innovative keys of "Employment" in two volumes of books soon.
Next Question 05-4
What is your passion? Money? Environment? Children? Technology? Machinery? Helping? Power? Competition? In Question 05-4 will be reply to my next reply.
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Green fund & Information technology
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Theranos databank are now science of premium, indoor and flower constellation of 13 stars, period, that promote compact growth freshly on the executive functioning spans.
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All blood products are red blood cells, platelets, plasma, and cryoprecipitate transmitted through transfusions but the risk of posttransfusion engraft in some recipient and mount an alloimmune symptoms and signs of transfusion associated with being treating with immunotherapy or chemotherapy due to decreased platelet production.
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"CROSSFIRE FOR MOBILITY & RELIABILITY, THAT IS PREMIERSHIP & GUARANTEED ARE ALL ABOUT" Elizabeth Holmes
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Vegetable species
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he appropriate statistical analysis for comparing plant species traded at two or more markets would depend on the specific research question, the characteristics of the data, and the hypotheses being tested. Here are a few common statistical methods that could be used:
  1. Analysis of variance (ANOVA): ANOVA can be used to compare the mean plant species traded at multiple markets. This test allows you to determine whether there is a significant difference between the mean number of plant species traded at different markets.
  2. Generalized linear models (GLMs): GLMs can be used to model the relationship between the number of plant species traded and other explanatory variables, such as market location or season. This can help to identify factors that influence plant species trade.
  3. Linear regression: If the goal is to examine the relationship between the number of plant species traded at two specific markets, linear regression may be appropriate. This method can be used to assess whether the number of plant species traded at one market is predictive of the number of plant species traded at another market.
  4. Non-parametric tests: If the data do not meet the assumptions of normality or homoscedasticity, non-parametric tests may be more appropriate. Examples include the Kruskal-Wallis test or the Mann-Whitney U test, which can be used to compare the distribution of plant species traded between different markets.
It is important to consult with a statistician or data analyst to determine the most appropriate statistical method for your specific research question and data characteristics.
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Hi all,
I am a student and I have a little difficulty conducting this on STATA and would greatly appreciate your support.
I am running a model that tests the impact of labor provisions on the volume of exports.
The model is as follows:
Exports = Labor provisions + depth of trade agreement + country pair fixed effects + exporter fixed effects + importer fixed effects
my data is as follows:
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Exporter | Importer | Exports value | Labor provisions | depth of trade agreements
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France | Austria | 81789189 | 4 | 1.8
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France | Belgium | 79279100 | 5 | 1.3
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Basically the data includes each countries exports to all other countries in the world.
I want to know how can i include the country-pair, exporter, and importer fixed effects in my model as control variables using STATA.
Thank you in advance.
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To create exporter/importer fixed effects, you first need to understand what fixed effects are. Fixed effects refer to the unobserved heterogeneity or variation across different groups or entities in a dataset that remain constant over time. In the case of exporter/importer fixed effects, we are interested in identifying the unobserved differences across different exporting or importing countries that remain constant over time.
To create exporter/importer fixed effects, you can follow these steps:
1) Start with a panel dataset that includes information on exporting/importing countries, their exports/imports, and other relevant variables over time.
2) Identify the exporter/importer variable in the dataset. This variable should be a categorical variable that identifies each exporter/importer country in the dataset.
3) Create dummy variables for each exporter/importer country in the dataset. This involves creating a binary variable for each exporter/importer country that takes the value 1 if the observation corresponds to that particular country and 0 otherwise.
4) Include these exporter/importer dummy variables in your regression model along with other relevant independent variables. This will allow you to estimate the effect of each exporter/importer country on the dependent variable while controlling for other observed factors that may affect the outcome.
5) Interpret the coefficients of the exporter/importer dummy variables as fixed effects. The coefficient of each dummy variable represents the average difference in the dependent variable between the country corresponding to that dummy variable and a reference firm (usually the first country in the dataset) that is not included in the regression equation.
6) Use statistical software such as Stata, R, or Python to estimate the exporter/importer fixed effects using panel data techniques such as fixed effects regression, random effects regression, or first-difference regression.
It's important to note that creating fixed effects requires a panel dataset, which means that you have observations on the same entities over multiple time periods. Additionally, fixed effects models can be computationally intensive, so it's important to have a sufficiently large dataset and to use appropriate methods to handle issues such as heteroscedasticity, serial correlation, and endogeneity.
@Yostina Girgies
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As Merchant Bank is about the industry as it stands today and what’s on the horizon for the near future of the business, the building blocks for transformation already exist.
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One of the key building blocks for transformation is technology. The emergence of digital technologies such as blockchain, artificial intelligence, and machine learning has enabled merchant banks to streamline their operations, reduce costs, and enhance their ability to offer customized solutions to clients. These technologies can also enable merchant banks to improve risk management capabilities and to better comply with social responsibilities.
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Dear Researchers: I hope this message finds you well! Currently, I am in the process of editing a forthcoming publication entitled A Handbook of Research on Plant-Based Natural Products and Herbal Medicine to be published by Apple Academic Press/CRC Press (Taylor and Francis Group), an international publisher of progressive academic research. I would like to take this opportunity to cordially invite you to submit your work for consideration in this publication. Researcher interests and expertise should be in botany, medicinal plants, plants-based natural products, herbal medicine, herbo-nanoceuticals, etc., and I am certain that your contribution on this topic and/or other related research areas would make an excellent addition to this publication. Chapter proposals can be submitted to: akash.saklani777@gmail.com If you have any questions or concerns, please do not hesitate to contact me. Thank you very much for your consideration of this invitation, and I hope to hear from you. ABOUT THE BOOK Herbal medicine is the use of plants for prevention and curing of different ailments/diseases. In general, widespread use in a traditional medicinal system may indicate safety but not efficacy of treatment, especially in herbal medicine, where tradition is almost completely based on remedies containing active principles at very low and ultra-low concentrations. Natural products are obtained from different parts of plants, and their chemical composition varies on different factor; therefore, the effect also varies from person to person. Herbal extracts are prepared on the basis of the information obtained from traditional medical healers. Herbal medicine and natural products have benefited a large number of people in past and have been found to have great benefits in addressing different diseases. So, there is huge potential for future discoveries from plants-based products and other natural products, which, thus, offer great potential in deriving important information about new chemical structures and their new types of action against pathogens. Keeping in mind of above point of view, this book is looking for research outcomes and strategies from academicians, researchers, and workers for better and fruitful outcomes. Objectives/Recommended Topics 1. Herbal medicine and natural products: people, health, and environment 2. Renaissance of traditional herbal medicine 3. Natural products and herbal medicine from medicinal plants 4. Phytochemistry and pharmacology of natural products 5. Herbal medicine in folk tradition 6. The therapeutic potentials of herbal medicine in treatment of different diseases 7. Therapeutic potential of natural products for drug discovery 8. Therapist and patient perspectives of herbal medicine in the treatment for substance dependence 9. Herbal remedies and natural products in pharmaceutical science as nano drug delivery systems 10. Influence of nanotechnology on herbal drugs 11. Nanotechnology in herbal medicines 12. Impact of nanotechnology on global trade of herbal drugs 13. Drug delivery system in Nano greens influence nano-based drug delivery systems: recent developments and future prospects 14. The traditional and modern medicine from natural products 15. Comparison of medicinally important natural products versus synthetic drugs 16. Herbal medicine and natural products: today and tomorrow 17. Development of natural product and herbal drugs in a sustainable manner 18. Herbal medicines: possible risks and benefits 19. Herbal medicine in treatment of different disease 20. Traditional herbal medicines 21. Herbal medicine incorporated nanoparticles: advancements in herbal treatment 22. Herbo-nanoceuticals: a new step towards herbal therapeutics 23. Phyto-nanotechnology: enhancing delivery of plant based drugs
For manuscript preparation guidelines and other details, please contact on the above given email Id
There are no publication charges
Best wishes, Editors: Dr. Akash Email id for contact: akash.saklani777@gmail.com Our earlier publications: https://www.igi-global.com/book/ethnomedicinal-plant-use-practice-traditional/232298
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Dear Hewa
Yes, You can contribute. Please contact me on my email id mentioned .
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In some recent papers I have find the mentions of hydroxyl-beta-cyclodextrin, but did not find it as a commercial product. Maybe it is the same, or a trade mark of the hydroxypropyl-beta-cyclodextrin?
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There are not doubts, being China the biggest trading partner for any country in the world , that Yuan will increase its weight as currency reserve , but its limitation and the relative size of domestic capital market will not be functional in replacing the dollar. Chinese pragmatism and long term view approach scarcely adapt to rapid shift at expenses for stability , considering as well the over 2 tn $ of trade value with western partners .
The King Dollar is about to be Dethroned by Yuan…
Just a year after Russia- Ukraine war:
- China’s Yuan replaces US Dollar as most traded currency in Russia.
- China and #France complete first Yuan-settled LNG trade, signaling the end of using the US Dollar for these energy trades.
- US Dollar used in 59% of world’s reserves, down from 72%
- Saudi Arabia and China to build #refinery for 83.7 billion Chinese Yuan ($12.2 billion)
- China and #Brazil agree to use Chinese Yuan to settle trade rather than US dollars
- President of #Kenya tells citizens to get rid of US dollars.
- #India says they will settle trade in Indian rupees with certain countries rather than US dollars
- Chinese yuan passes #Euro to become Brazil's second-largest currency in foreign reserves
- #Malaysia, a year after the invasion of Ukraine China to Discuss ‘Asian Fund’ to Cut US Dollar Dependency
#Exporting #Inflation, #Sanctions,
Forcing emerging economies to purchase dollars for #oil and #weapons ,
and systemic instability have people looking for alternatives.
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De-dollarization is not simple nor will it be a fast switch to something else, e.g. Chinese renminbi (RMB) and yuan. However, It is possible for the Chinese yuan to gain greater global influence and recognition in the future, but China's financial system still has many technical limitations, with respect to openness and transparency. Such monetary processes and shifts depend on how consistent a particular currency is in terms of being able to build a sense of trust and managing market stability.
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Paper money eventually returns to its intrinsic value - zero.
Voltaire
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Although there is a ban on the drug trade, arms trade, and human trafficking in the whole world. Every country has made strict laws to stop these illegal businesses. In addition, there are international laws. But why these illegal businesses could not be stopped? Every country spends a lot of money on educating the public to prevent these problems. But they could not stop this business, nor did the people stop themselves from getting involved in these problems despite being aware. Now the question is whether the national and international laws to prevent these problems are only shadow policies.
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The simple answer could be - because it is busy with other problems, and it is not among the priorities, when it should be.
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China is now accelerating the combination of internal trade cycle and external trade cycle, what is the impact of this double-cycle trade on environmental protection?
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I was told by a colleague that trade exists for grouper air bladder from India -maws from grouper species
Can someone give me more details
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