International Trade Research Paper Example | Topics and Well Written Essays - 750 words

International Trade - Research Paper Example The competition effects in bestowing more reasonable goods or services to the customers. The trade of products and services also influences the global economic structure in relation to demand and supply, accessibility and availability of goods and services to the prospective customers around the globe (Grimwade 1-50). Thesis Statement The paper intends to briefly discuss about international trade and its historical background. The different problems, benefits and the present day standing with regard to international trade have also been highlighted within this study. History of International Trade With regard to the historical concept, international trade can be stated as the basic notion of trading which had been conducted by Great Britain in the early part of 15th century. The European commenced to explore the trading activities through seas to discover new trade ways to the Asian market. With the similar context, the Portuguese explored England, Spain, and France and Africa set ac ross the Atlantic Ocean and discovered colonies as the new market place for trade. During the 17th century, the industrial revolution had occurred in Great Britain and it facilitated it as a stronger trading nation through supplying goods to those targeted colonies and purchased valuable raw materials from those dependencies (Meier, â€Å"Theoretical Issues Concerning the History of International Trade and Economic Development†). During the period of 17th and 18th century, â€Å"mercantilism† emanated in Europe to perform trade in a systematic body involving consideration dedicated to explore the trade beyond the national boundaries. According to the concept of mercantilism, the trade should operate in a balanced way during the export and the import of goods or services. The favorable â€Å"balance of trade† consigns the equal value of exported and imported goods that are to be exchanged among the territories. However, trade among the regions was evaluated to be advantageous due to its capability to derive value to the domestic goods which surpassed the cost of imported goods, which is a key concept of â€Å"balance of trade†. With this concern of trade revolution, the theory of Adam Smith has fundamentally developed the economic thoughts with regard to international trade. According to the Smith’s economic theory, financial growth of a country highly depends upon proper categorization and distribution of workers. The categorization performed according to skill and experience which is effective for an organization to produce more products from the existing resources and it is one of the major influences for the company to attain higher standard of income. The division of workers is also important to allocate them according to the growth and the structure of the market. With this concern, the practice of such trading activities is more advantageous to increase national economic growth along with generating a feasible growth on the world’s economy as well (Irwin, â€Å"A Brief History of International Trade Policy†). Problems of International Trade International trade activity often brings with it certain difficulties. During the process of trade on a global basis, companies can face difficulties in terms of quality as well as international competitiveness with regard to their produced

Tuition Assistance Case Study Example | Topics and Well Written Essays - 500 words

Tuition Assistance - Case Study Example Additionally, the tuition-aid program suffers from a lack of internal recruiting. Supervisors are not checking internal job postings and informing the appropriate employees are these opportunities. Finally, Garden Gate does not seem to lock employees in once they receive the tuition assistance, meaning that without this they are almost free to leave and taking advantage of the generous program on offer. The table does not indicate any special problems or issues; in fact, the table shows that Garden Gate has greatly encouraged diversity because there is a balanced mix of males and females and also employees from a wide range of ethnic backgrounds. Of the 18 employees who left the company after receiving tuition aid, quite a few of the employees took on a different job from the one they held at Garden Gate. This perhaps shows that they were unsatisfied at Garden Gate and wanted a change. It is up to supervisors and managers to communicate so that it is known just exactly which direction each employee wants to go in and then how that can be facilitated. I dont think that Garden Gate should discontinue its tuition-aid program because although there have been some problems with it, there is the potential for it to create a competitive advantage over competitors. The program is very attractive for employees who wish to up-skill, so this is something that should be pursued. Also, the company holds the value of treating its employees like investors, meaning that it makes sense to invest in them. Doing anything to the contrary would be going back on the companys principles. The company has grown at 12 percent per year for the last few years, and it wants to continue this rate for at least the next five years. For Garden Gate to be able to do this, it will have to retain most if not all of its current employees before looking to hire new ones. The best way to do this is by investing in human capital, which is what the tuition-aid program was designed