Reference no: EM13283096

1. Administrative Delay

Although the word delay is not particular always a positive first thought. When you are waiting to see a doctor, a table for dinner, or perhaps an approval to receive your diploma from Liberty University a waiting period or delay is not something someone is eager to do. An Administrative delay on items can be a way to effectively sell a product, a form of marketing, it allows those to inter a product in market at a time that would max sales for the producers. On a smaller scale we see this done more then we think. An example of this situation in the %u201Cfilm and movie world%u201D producers will strategically release a movie fitting for the time of the year looking at many factors. A producer of a Christmas movie maybe ready to air in June, but would not be wise to release until closer to the season, when more consumers would be eager to watch or buy it. This goes for foreign imports as well. Regulating when a product comes in making sure there is not an abundancy left reassures profit. %u201CAlthough an optimally chosen delay can achieve the same pattern of introduction, it does not yield any tariff revenues. As a result, if the tariff may be set optimally, administrative delays are not used in a discriminatory manner.%u201D(Regibeau & Rockette,2006) Using an administrative delay along with a given tariff can also improve regulation of what will inter the country but also gives revenue to the country itself.

2. International trade patterns.

Towards the end of 2011 reports came in indicating a fall in international trade. The article states, %u201CThe OECD reports that exports fell by over 4% in the second quarter of 2012 in Britain and India; Russia and South Africa lost more than 8%. That is particularly bad news for places like Singapore and Hong Kong, which are important trade hubs; open euro-zone countries like Ireland and Belgium are also highly exposed.%u201D ("International trade: Boxed," 2012) Global economic slowdown is looked at for being the cause of the fall in international trade. The article continues with stating, %u201CSince exports are sales to foreigners, they tend to weaken when buying power is low. That means trade often tracks global GDP quite closely. At a more granular level, too, the patterns of trade match the fortunes of economies. Since 2011, imports into the stagnant European Union have fallen by 4.5%. In contrast the oil-rich Middle East has increased imports by 7.4%.%u201D ("International trade: Boxed," 2012) Although many believe that Global economic slowdown is the cause it is not the sole purpose for the decline. Many other factors such as trade finance and increased protectionism have contributed to the decline of international trade.

International trade of some sort has been around since the beginning of man, whether it was by foot, horse or boat because like now different areas of the world have different resources. The world will never end international trade because like Cross Border Commerce states, %u201CThe common goal is to increase the global economy and raise the standard of living for all people.%u201D (Satterlee, 2009 p.118) Throughout history there have been economic ups and downs and that will never change, but as long as the world shares the same goal, to raise the standard of living for all people, then we will continue to increase the global economy.