Marvel Enterprises engages in licensing agreements because their main product (comic book characters and their associated stories) are intangible. Licensing agreements allows Marvel to distribute the idea of their characters worldwide while allowing firms in each market to determine which products would best serve that market. Additionally, this allows Marvel to focus on their core competency (creating comic book characters) and avoid getting involved in other industries such as manufacturing.
Tag Archive 'trade'
As our textbook illustrates, breaking down trade barriers between the US and Mexico has been extremely beneficial to both countries. Along the border, Mexico specializes in importing parts and materials, modifying them using inexpensive labor, and re-exporting them back to the United States. The US, on the other hand, specializes in using advanced technology to develop finished goods and services. Many of these goods flow back into Mexico. By lowering trade restrictions between the two countries, both have been able to profit.
Hydraulic fracturing (“fracking”) has had a huge impact on US international trade patterns. Specifically, fracking has caused the US to move from being a potential importer of natural gas to an exporter. This is specifically a change in volume thanks to the increased production of natural gas via fracking. According to various studies, a large percentage of world shale formations, where fracking is used to extract oil and natural gas, are found in the United States. This abundance of shale oil and gas turned the US from being a potential fossil fuel importer to a leading exporter.
Posted in economics on Sep 22nd, 2008
It can be proven that free trade is good for any country. The gains to consumers due to free trade outweigh the losses suffered by import-competing domestic industries. Unfortunately, these gains are spread out across many people, while the losses are concentrated in a much smaller group of businessmen and workers (Sawyer & Sprinkle, 2006). […]
The International Monetary Fund (IMF) was established at Bretton Woods, New Hampshire in 1944. It was originally tied closely to the gold-exchange standard established at that time. It originally provided a pool of funds for distressed countries to use temporarily to correct imbalance issues. Once the gold-exchange standard was removed, the IMF became more involved […]