Occupational Knowledge Utilities in International Business and Economics

2001 ◽  
Vol 2 (1) ◽  
pp. 57-74
Author(s):  
Opie Dawson ◽  
Jay Kang
Keyword(s):  
International Trade ◽  
Knowledge Base ◽  
International Business ◽  
Comparative Advantage ◽  
Capital Investment ◽  
Conceptual Schema ◽  
Powerful Source ◽  
Occupational Knowledge ◽  
Automation Technology ◽  
Technology Funding

Internet occupational knowledge utilities (OKUs) can aid nations in international trade in applying fair means to improve their comparative advantage. For this purpose properly developed OKUs can provide the knowledge base needed to: • Enhance a nation’s productivity through improved training of its workforce. • Enhance the growth of mall business – a powerful source of innovation in all industries. • Cut costs and increase markets through use of automation technology and E-commerce. • Enhance capital investment through the action of the above activities. We present the need, solution, conceptual schema, technology, funding and motivation required in the development of such OKUs.

scholarly journals International Trade and Human Capital Investment with Heterogeneous Firms and Workers: Modeling and Analysis

Mathematics ◽  
2021 ◽  
Vol 9 (10) ◽  
pp. 1106
Author(s):  
Jaewon Jung
Keyword(s):  
Human Capital ◽  
International Trade ◽  
Organizational Behavior ◽  
Capital Accumulation ◽  
Global Economy ◽  
Capital Investment ◽  
Investment Decision ◽  
Heterogeneous Firms ◽  
Modeling And Analysis ◽  
Trade Model

Though the importance of organizational behavior and human decision processes within firms for the firm performance has largely been recognized in the business and management literature, much less attention has been devoted to studying such implications in the international trade context. This paper develops a general-equilibrium trade model in which heterogeneous workers make an investment decision in acquiring advanced managerial skills and choose their optimal effort level based on their comparative advantage. In doing so, we show how globalization-induced human capital accumulation within firms leads to sustainable economic growth. We also show that workers’ organizational belief and CEO’s managerial vision may be an important element for the human capital formation within firms and for the performance of firms in a global economy.

Trade and Spatial Growth

2017 ◽  
Vol 18 (1) ◽  
pp. 94-111
Author(s):  
Sirimal Abeyratne ◽  
N. S. Cooray
Keyword(s):  
International Trade ◽  
Comparative Advantage ◽  
Global Economy ◽  
Spatial Concentration ◽  
Trade Theory ◽  
Missing Link ◽  
Spatial Growth

Comparative advantage is based on ‘locational factors’ so that trade leads to growth and its spatial concentration. Until recently, the nexus between trade and spatial growth received little space within trade analyses though it did not appear to be a missing link in initial contributions to trade theory. The reshaping of the global economy with greater integration has called for analyses of trade and spatial growth. This article examines theoretical premises of the link between international trade and spatial growth, and the implications of reshaping of the global economy for the study of spatial growth within trade theory.

Corruption, Environmental Resources, and International Trade

2006 ◽  
Vol 6 (1) ◽  
Author(s):  
Priya Ranjan ◽  
Baishali Bakshi
Keyword(s):  
International Trade ◽  
Resource Management ◽  
Comparative Advantage ◽  
Environmental Resources ◽  
Over Exploitation

Abstract It is shown how corruption in the management of environmental resources can give rise to a comparative advantage in environment-intensive industries. International trade, in this setting, is not necessarily welfare improving. When corruption responds endogenously to the over-exploitation of resources, it is possible for international trade to generate forces that improve resource management by reducing corruption. Therefore, in this case trade could provide gains in addition to the usual gains.

scholarly journals Export Competitiveness Analysis of Creative Industries in the European Union

2020 ◽  
Vol 17 (1) ◽  
pp. 28-37
Author(s):  
Deimantė Krisiukėnienė ◽  
Vaida Pilinkienė
Keyword(s):  
International Trade ◽  
Comparative Advantage ◽  
Theoretical Background ◽  
Creative Industries ◽  
Research Purpose ◽  
The European Union ◽  
Revealed Comparative Advantage ◽  
Data Set ◽  
Trade Competitiveness ◽  
The Eu

AbstractResearch purpose. The research purpose is to assess and compare the competitiveness of the EU creative industries’ export.Design/Methodology/Approach. The article is organised as follows: Section 1 presents a short theoretical conception of creative industries; Section 2 presents the theoretical background of trade competitiveness indices; Section 3 introduces the research data set, method and variables; Section 4 discusses the results of the revealed comparative advantage index analysis; and the final section presents the conclusions of the research. It should be noted that the research does not cover all possible factors underlying the differences in the external sector performance and thus may need to be complemented with country-specific analysis as warranted. Methods of the research include theoretical review and analysis, evaluation of comparative advantage indices and clustering.Findings. The analysis revealed that the EU countries may gain competitiveness because of the globalisation effects and the development of creative industries. The increase in the revealed comparative advantage (RCA) index during the period 2004–2017 shows rising EU international trade specialisation in creative industries. According to dynamic RCA index results, France, Poland, Slovakia, Slovenia and Spain has competitive advantage in creative industries sectors and could be specified as ‘rising stars’ according to dynamic of their export.Originality/Value/Practical implications. A creative industries analysis is becoming increasingly relevant in scientific research. Fast globalisation growth affects the processes in which closed economies together with their specific sectors are no longer competitive in the market because productivity of countries as well as particular economic sectors depends on international trade liberalisation, technology and innovation. Scientific literature, nevertheless, contains a gap in the area of international trade competitiveness research in creative industries sector.

scholarly journals The Language Features and Translation of Business Contracts

2021 ◽  
Vol 2 (2) ◽  
pp. p42
Author(s):  
Li Chunying
Keyword(s):  
International Trade ◽  
International Business ◽  
Foreign Relations ◽  
High Speed ◽  
Negative Impact ◽  
Chinese Economy ◽  
Business Contract ◽  
Reform And Opening Up ◽  
Opening Up

Since the reform and opening up policy was adopted, Chinese economy has been keeping on developing with high speed, so as to its international trade. Therefore, English business contracts are widely used in the foreign economic and trade activities. However, we also find that there are still many foreign-related economic disputes which mainly caused by the ambiguity of translation happening in these trades. Due to the unclear rules of the parties’ obligations and rights, the improper translation of the contract, the meaning vague and the loose broad, the parties are tracked in this situation where any part of them could intentionally or unintentionally exploited a contractual loophole to avoid responsibility and obligation, which would lead to a dispute. The distortion of translation can lead to the fuzziness and uncertainty of contract which can be easily exploited by commercial fraud to evade responsibility; this situation is happened in reality and practice which has negative impact on foreign relations and trade. In order to make the business activities carried out more effectively, this article will discuss it mainly from the perspective of lexical characteristics and translation principal of business contract in order to make the translation be more accurate to benefit international business trade.

scholarly journals Tourism and international business: The theoretical approach and practical experiences

2011 ◽  
Vol 91 (3) ◽  
pp. 19-37
Author(s):  
Dobrica Jovicic ◽  
Marko Stojiljkovic
Keyword(s):  
International Trade ◽  
International Business ◽  
Theoretical Approach ◽  
Supply Side ◽  
Tourism Research ◽  
Theoretical Concepts ◽  
Tourism Sector ◽  
Transnational Companies ◽  
Practical Experiences

The paper discusses the relationships between tourism and international business. The research is based upon combining various theoretical concepts, significant empirical experiences and own attitudes of the authors. The key conclusion of the paper is that, despite of the partial progress in understanding tourism businesses, the relationships between tourism and international business need additional stimulus. In other words, more complete research in the related domains is needed in future. Any understanding of tourism is inadequate without appreciating the contributions that international business might bring, yet at the same time international business is incomplete in its coverage of international trade unless tourism is considered. The consumption-driven agenda of much tourism research has been favoured over supply-side discourses of the production process it self. That is why the role of major transnational companies, setting the trends that other types of firms in the tourism sector follow is focused in the paper.

scholarly journals Review International Trade Includes Business Strategy and the Role of International Organizations

2021 ◽  
Vol 2 (2) ◽  
pp. 1-8
Author(s):  
Johnwey Andelekke ◽  
Mkamzee Gichuru
Keyword(s):  
International Trade ◽  
International Business ◽  
International Organizations ◽  
National Economy ◽  
Business Strategy ◽  
Economic Trends

The aim of this article is to include an overview of international business, with a particular emphasis on strategic international business and organizations. This evolution is mostly attributed to the advancement in research and tracking technologies, which are expanding in lockstep with the evolving attitudes and thoughts of increasingly evolved humans. As a part of this transformational phase, nations must collaborate on both national and regional levels. The aim of this article is to include an overview of international business, with a particular emphasis on strategic international business and organizations. No such thing as a pure national economy exists. The majority of the planet is much too large to dismiss as a consumer or a rival. As a result, we are obligated to educate students about foreign perspectives in order for them to comprehend global economic trends.

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