International trade theory Essay Example | Topics and Well Written Essays - 250 words

International trade theory - Essay Example Therefore, a country should only specialize in the production of its efficient commodity. Interpreting this account to the illustration on chart 4-10, Ghana specializes in the production of cocoa for commercial purposes than Korea who takes its advantage based on rice. Ghana being 4 times more efficient in cocoa productivity than Korea who specializes in rice gives absolute advantage of each other in trade negotiations. Besides, the theory of comparative advantage illustrates that country’s exports should not be measured by quantity but efficiency to avoid market dominancy. For instance, if 4tones of cocoa were exchanged by 4tones of, rice from Korea then Ghana would be susceptible compared to Korea (Pomfret 107). Clusters or networks of similar companies in the same industry are always encouraged as this harmonizes competitive advantage of the countries involved by creating room for innovations otherwise improving productivity. Cluster is also very essential for the promotion f a particular good or service believed to be efficiently located (Pomfret

A Passage to India Essay Example | Topics and Well Written Essays - 500 words

A Passage to India - Essay Example As an initial matter, it is quite true that Fielding and Dr. Aziz established a genuine friendship. This owes a great deal to Fielding's fiercely independent nature. Unlike other British officials whom adopted a condescending attitude toward the native people, Fielding treated the Indians with a sense of decency and respect. He wasn't an idealist, but he did tend to approach issues and people from an objective and open-minded point of view. He didn't allow his perceptions of India to be affected negatively by bias or stereotypes. These qualities attracted Dr. Aziz and distinguished Fielding from the other British officials. Indeed, when Dr. Aziz was subsequently accused of assault by Adela, Fielding broke with the British and lent his support to the Indians. In short, the qualities that allowed Fielding's friendship with Dr. Aziz to flourish were his independence of mind, his personal conviction in the notion of an objective justice for all, and his strength of character in declaring and acting on his beliefs. Fielding was a principled man and Dr Aziz respected him in this way. That there were very real limits to this friendship, however, is beyond doubt. There are moments, in the beginning of the novel, when Dr.