International Trade of Multinational Corporations and ITS Responsiveness to Changes in Aggregate Demand and Relative Prices. David J. Goldsbrough, Economist, International Monetary Fund. Abstract from Staff Papers, Sept. 1981, p. 573

1982 ◽  
Vol 24 (1) ◽  
pp. 14-16
Keyword(s):  
International Trade ◽  
Multinational Corporations ◽  
International Monetary Fund ◽  
Aggregate Demand ◽  
Relative Prices

Globalisation and the dilemmas of international trade unionism

2000 ◽  
Vol 6 (1) ◽  
pp. 29-42 ◽  
Author(s):  
Rebecca Gumbrell-McCormick
Keyword(s):  
International Trade ◽  
Multinational Corporations ◽  
Trade Union ◽  
Trade Unions ◽  
Global Economy ◽  
Trade Union Movement ◽  
Labour Movement ◽  
Trade Unionism ◽  
Union Movement ◽  
Economic Developments

This article presents the author's reflections on the possibilities of a restructuring of the international trade union movement, on the basis of a collective research project to mark the fiftieth anniversary of the International Confederation of Free Trade Unions (ICFTU) which seeks to open a debate within the movement over the lessons to be learned from its history as a guide for its future action. The most important question facing the trade union movement today is what is generally called 'globalisation', a phenomenon that goes back many years, both in terms of economic developments and labour struggles. From this perspective, the paper examines the basis for the existing divisions of the international labour movement, before going over the work of the ICFTU and of the International Trade Secretariats (ITSs) to achieve the regulation of the multinational corporations and of the international economy, and concluding on the prospects for unity of action in the unions' work around the global economy.

scholarly journals SOME INTRANATIONAL EVIDENCE ON OUTPUT-INFLATION TRADE-OFFS

1999 ◽  
Vol 3 (2) ◽  
pp. 187-203 ◽  
Author(s):  
Gregory D. Hess ◽  
Kwanho Shin
Keyword(s):  
Aggregate Demand ◽  
Relative Price ◽  
New Keynesian ◽  
Real Output ◽  
Relative Prices ◽  
Trade Offs ◽  
Equilibrium Relationship ◽  
Supply Relationship ◽  
Individual Market ◽  
The Individual

In a seminal paper, Robert E. Lucas, Jr. provided the theoretical relationship between aggregate demand and real output based on relative price confusion at the individual market level. Subsequently, an alternative New Keynesian aggregate supply relationship was derived and it was demonstrated that the two theories can be distinguished on the basis of how both the rate of inflation and the volatility of relative prices affect its slope. By emphasizing the first implication of New Keynesian theory, strong evidence was obtained supporting this model using international data. We also concentrate on the second difference between the two theories. We derive the individual market-level equilibrium relationship for the Lucas model, i.e., the disaggregate supply curve. We estimate the crucial parameters of the relationship between aggregate nominal demand shocks and real output using U.S. intranational state and industry data. We find that the Lucas model omits important New Keynesian features of the data.

scholarly journals The Transformation of International Trade Unionism in the Era of Globalization

Just Labour ◽  
1969 ◽  
Author(s):  
Reynald Bourque ◽  
Marc- Antonin Hennebert
Keyword(s):  
International Trade ◽  
Multinational Corporations ◽  
Trade Union ◽  
Global Economy ◽  
Structural Changes ◽  
The Other ◽  
World Congress ◽  
Trade Unionism ◽  
The One ◽  
Second World

Following the Second World Congress of the International Trade UnionConfederation (ITUC) held from June 21 to 25, 2010in Vancouver, this articleexamines the changes undergone by international trade unionism in recent years.The increasing power of multinational corporations,as a result of globalization,has led to a transformation in international tradeunionism which has produced areorganization of its structures and the emergenceof new forms of action toensure the protection of workers’ rights worldwide.The key argument of thisarticle is that the evolution of the structures andpractices of international tradeunion organizations over the last two decades has been characterized by theimplementation of strategies aimed, on the one hand, at reinforcing trade unionunity and, on the other hand, at targeting multinational corporations. Lastly,although the transformation of international tradeunionism has given rise toimportant structural changes, international trade union organizations continue toface formidable challenges in their efforts to effectively contribute to theregulation of the global economy.

scholarly journals Foreign Exchange Market and the Asset Approach

2021 ◽  
Vol 9 (9) ◽  
pp. 351-356
Author(s):  
Dr. Varsha Agarwal
Keyword(s):  
International Trade ◽  
Exchange Rates ◽  
Foreign Exchange ◽  
Foreign Exchange Market ◽  
Foreign Currency ◽  
Trade Flows ◽  
Exchange Market ◽  
Abstract Exchange ◽  
Relative Prices ◽  
Goods And Services

Abstract: Exchange rates play a central role in international trade because they allow us to compare the prices of goods and services produced in different countries. A consumer deciding which of two American cars to buy must compare their dollar prices. Households and firms use exchange rates to translate foreign prices into domestic cur-rency terms. Once the money prices of domestic goods and imports have been expressed in terms of the same currency, households and firms can compute the relative prices that affect international trade flows. Keywords: Foreign Exchange, Exchange Rate, International Trade, Foreign Currency, FOREX Rate, Assets Approach.

Imperialism and Dependency in Latin America: A View of the New Reality of Multinational Investment

1973 ◽  
Vol 15 (1) ◽  
pp. 21-35 ◽  
Author(s):  
Russell Martin Moore
Keyword(s):  
Latin America ◽  
International Trade ◽  
Multinational Corporations ◽  
Latin American ◽  
International System ◽  
Economic Life ◽  
System A ◽  
The 1950S ◽  
Relationship Of ◽  
Developed World

The fundamental reality of Latin America during the 1970s will be the efforts of governments to reduce their countries' dependence on the developed world and thereby increase their autonomy within the international system. A salient aspect of this effort is and will be a redefinition of the role multinational corporations play in Latin American societies. Foreign investment will continue to play an important part in the economic life of the region, but the acceptable characteristics and behaviors of multinational corporations will differ substantially from those which were prevalent in the 1950s and 1960s.The rationale for a restructuring of the relationship of Latin American economies with the system of international trade and investment is found in the writings of “dependence theorists” such as Theotonio Dos Santos (1970) and Osvaldo Sunkel (1972). In a sense, their approach can be seen as a development of the Prebisch thesis of the 1950s, which held that Latin American economies were being systematically diverted from attaining their true potential through the workings of the international trade mechanism.

Political Attitudes and Behavior among ILWU Members

2013 ◽  
Author(s):  
Amanda B. Clayton
Keyword(s):  
International Trade ◽  
Trade Liberalization ◽  
Multinational Corporations ◽  
Political Attitudes ◽  
Trade Restrictions ◽  
Poor Countries ◽  
Original Survey ◽  
And Behavior ◽  
Attitudes And Behavior ◽  
Political Opinions

This chapter illustrates an original survey of rank-and-file International Longshore and Warehouse Union (ILWU) members. It begins with a specific puzzle: though ILWU members clearly have benefited from increased international trade, the union has maintained a consistent stance opposing trade liberalization for several decades. Interviews with ILWU leaders show that the union's stance appears to be sincere, based on the belief that current international trade rules unfairly benefit multinational corporations while imposing costs on the workers and the environment in both rich and poor countries. The chapter finds that ILWU members are more likely to have strong political opinions; they are more likely to support trade restrictions; and they are more likely to engage in politics, including turning out to vote, protest, and donate to political causes.

scholarly journals Effects of Internal and External Imbalances and the Role of Relative Prices on Economic Growth: Evidence From Turkey

SAGE Open ◽  
2020 ◽  
Vol 10 (2) ◽  
pp. 215824402091949
Author(s):  
Irfan Civcir ◽  
M. Emir Yücel
Keyword(s):  
Economic Growth ◽  
Budget Deficit ◽  
Aggregate Demand ◽  
Balance Of Payments ◽  
Initial Model ◽  
Relative Prices ◽  
External Imbalances ◽  
External Demand ◽  
Interest Payments

Balance of payments constrained growth model considers that if a country has a chronic external deficit, economic growth can be constrained. Initial model extended by taking into account the effects of capital flows, external debt sustainability, interest payments, budget deficit or public debt, simultaneous effect of internal and external imbalance, and the role of relative prices. We further incorporate Turkey’s high intensity of imports in the aggregate demand components and estimated the model with system estimator. The new version of the model improves significantly explaining the growth in Turkey. Our results reveal that economic growth in Turkey constrained by internal and external imbalances and relative prices play a significant role. Policies aimed at changing the structure of the imports and exports are the most effective for achieving higher growth. It is also shown that economic growth in Turkey highly depends on external demand when the strong depreciation of the domestic currency also acts as a stimulus to growth.

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