INTERNATIONAL STUDIES IN BUSINESS Assignment Example | Topics and Well Written Essays - 250 words - 12

INTERNATIONAL STUDIES IN BUSINESS - Assignment Example By allowing trade with other countries consumers locally can get a wider variety of products or services to choose from. Such healthy competition is a double win for the consumer as it also can lead to reduction in prices as corporations fight out for market-share. A wise man once said that no man is an island. This wise man could well have been talking about countries. The world has grown to a point where it is a global village and nations quite literally depend on each other. Take airbus industry for example which has airplane parts manufactured in factories all across Europe and then brought to France for final assembly. This is only possible because of the conducive trade environment provided by the European Union. The middle east provides the world with most fuel, Europe and America build machinery while Africa and south America provide food. Without free trade, the world would, quite literally, stagnate. Two thumbs up to the World Trade Organization for its gallant efforts in ensuring all barriers to trade are effectively removed. I cannot agree more with my classmate on this matter. As I have pointed out in my arguments, free trade bears more good than harm for our world. On your part, you have pointed out one more benefit that international trade has for the world : assisting developing countries. Free trade allows poor nations access to resources they cannot manufacture on their own and also is a source of income for them through foreign

Econimic impacts on Emirates Airline Essay Example | Topics and Well Written Essays - 750 words

Econimic impacts on Emirates Airline - Essay Example Operating in 55 countries and to 77 destinations, Emirates airlines is one of the major airliners in the world at present. It has started its operations from Dubai in 1985 and currently serving in almost every major destinations of the world. It has won the best airliner award many times because of the excellent services it offers to the customers. But still it is facing stiff challenges at present due to the recession. This paper briefly analyses the economic environment of airline industry in general and emirates airlines in particular. Financial experts believe that Emirates airlines future could be determined by Dubais sister emirate, Abu Dhabi government (Milmo et al). Currently Dubai is undergoing a severe financial crisis and the reports from Dubai shows that one of the biggest organizations in Dubai, â€Å"Dubai world† is on the verge of destruction because of financial crisis. Dubai government is waiting for Abu Dhabi’s help in sort out the economic problems. â€Å"Emirates is owned by the Investment Corporation of Dubai, which is in turn controlled by the Dubai government† (Milmo et al). The current financial crisis of the Dubai government may force the government to think in terms of a merger between Emirates and the Abu Dhabi counterpart Al-Itihad. The increased focus on diversification by neglecting other areas of business has created a strategic failure in the Emirates’ airline business. Emirates blindly went after acquisition strategies to extend the wings by overlooking other areas like the service sector. Stakeholders and their interests were overlooked by the company when they concentrated more on other aspects of the operations. The customer service standards have been adversely affected and the reputation of the airline has been affected badly in the last few years. The bargaining power of the sellers is low at present especially because of the current global recession. At the same time increased