ECO3010 Report: International Trade, Economy, and Tariffs

This report, based on ECO3010, explores the multifaceted aspects of international trade, focusing on its contribution to the national economy, potential threats, and opportunities, using the H&M group as a case study. It delves into the dynamics of international trade, emphasizing customer relationship management, economic development, and employment opportunities. The report examines mutually beneficial trade between countries, analyzing factors such as production costs and specialization. Furthermore, it discusses the impact of tariffs on prices, domestic employment, and consumer protection. The analysis includes the effects of price changes on market demand and overall economic conditions, providing a comprehensive overview of international trade's complexities and implications.

ECO3010

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
PART - A.........................................................................................................................................1
1. International trade, contribution to national economy and international trade is opportunity
or threat ..................................................................................................................................1
PART- B..........................................................................................................................................2
1. Mutually benefit trade with two countries..........................................................................2
2. Tariff on price.....................................................................................................................3
CONCLUSION................................................................................................................................5
.........................................................................................................................................................5
REFERENCE ..................................................................................................................................6

INTRODUCTION
International market growth and trade rate in one of the most important part of
organisation. It improves market share and increase number of customer in market. In this report
is focus on national economy and international trade is some time create some threats for worker.
This report is based on H&M group organisation (Jones and Kierzkowski 2018). The company
basically located in United Kingdom and provide different kind of services in fashion. Further, it
covered two countries and price factor which affect market share and small country is imposed to
larger country.
MAIN BODY
PART - A
1. International trade, contribution to national economy and international trade is opportunity or
threat
In international trade of capital good and service with other countries is called as trade of
international. This kind of trade represent gross domestic product and help in rise economy
condition. In this trade condition price and demand is affect global level and make some change
market condition. The company is use internal trade and deal with other countries to improve
performance level or growth rate in market (Feenstra, 2015). To achieve in international market
is most important part and some strategy must be follow by worker to meliorate market share.
On the other hand, some fundamental mode of operation make some changes as per need of
internal working environment. There are focus on some most important part for contribution on
economic development.
 Customer relationship :- In this context customer relationship management is most
important and help to increase market growth. In market customer relationship
management is focus to fulfil need and wants of customer. To manage company
interaction with current and potential customer (Neary, 2016). It is use data analyses to
improve business relation with customer.
 Contribution to national economy :- The company is focus to each and every factor which
is used in overall development of economic condition. To be recognize as an individual
organisation across global contribution to making better economic condition. Economic
development with private, public and social level as well.
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To development of economic condition is most important part and major focus on improvement
in overall development and make some changes as per the need of market growth. This is help to
increase number of customer and make some changes in total development in market condition.
There are many business must be focus on change in economic development is to be depend on
growth and size of company.
 Increased employment opportunities :- It is one of the most important factor and help
economic development in market. The company is focus on some new talent, those are
useable for organisation development and make some change in market share (). Make
some changes as per need of market and increase employment in national economy.
 Improve GDP :-In economic condition gross domestic product is play important role and
make some change in economic development. This is show growth rate of organisation as
well as economic condition (Feenstra, 2015). On the other side, government factor is help
to focus on all such kind of factor to improve economic condition.
Some time internation trade is become an opportunities and threats of worker. They believe that
international trade is help improve carrying into action of economic factor and make some
changes in overall development in market share. In addition, negative impact are different
country not doing work properly (). The impact of profit on economic condition and reduce GDP
rate. To introduce new technology in working environment is useful to worker. To be improve
work and increase demand is most important part form all the workers in working environment.
Some time other countries' consumer is stop buying product that is give negative impact on it.
PART- B
1. Mutually benefit trade with two countries
In international trade is most important part to focus to two different countries and two
different products. This is based on such kind of activity and concentration on new trends and
improve market share. In this condition both countries A and B and focus production activity in
industry share. Commercialism is the misconception of chemical phenomenon cracking and
services betwixt two grouping or entities. Global trade is then the conception of this conversation
betwixt people or entities in two antithetic administrative division. At the time of production
labour, capital and resources is most of the essence part to increase securities industry share and
produce new product in market (). In international trade both the countries is improved internal
work and opportunities cost in most important part to make some change in working
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environment. On the other side, two market and two countries are use cost and make some
change as per overall development. The reflected different opportunities cost to be used and
make some changes in market share.
 Both the countries are produce maximum.
 Both countries focus on efficient specialization.
 Both counties are produce maximum output in market.
There is all such factor is most important and increase market share and use some data of both
the countries and show that set a target to increase sales in market network and make some
changes in overall development in market. There are some most important part is international
trade is most all important part to increase overall development and make some changes in as per
need of market condition (Mansfield and Reinhardt 2015). Work is to be done effective way and
specialization about work and increase overall development, to be produce output is change
overall development in market. From this we can see that Country A has a relation advantage in
the presentation of butter and Country B has a relation advantage in producing guns. Their
possibility costs are built in bed for each of these merchandise relative to one another, and so
there is possible for advantageous trade. As per the economist is that trader is beneficial for both
parties and make some changes in overall development in market condition. The price of goods
is most important part and make some changes in market share. A trader is not get way, what he
expects form market condition. There are some changes in overall development and possibility
cost of product is useful for internal and external working environment and make some changes
in securities industry. It is to be mutual beneficial for all the parties in working environment. It is
backbone of modern and commercial world to change market share (McGovern, 2017). Trade is
concept of exchange between goods and services and make some changes in market share. This
two factor is improved market share and make some changes in growth rate.
2. Tariff on price
Price is one most important part for each and every business and make some changes as
per the need in market share. To set price before start a new business and make some changes in
overall working environment. On the other side, growth and profit is to be depend on price and
make some changes in market share.
 Tariff on prices:- It is trade policy tools used to protract and make some changes to
protract domestically produce commodity and produce form competitive import in
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market. Price is change is give positive impact on it, to receive high pricer and make
some changes in overall market condition. It is useful for domestically also, because
receive high profit and government is improved market share. There are some change is
most essential part and make some changes in overall development and increaser growth
rate in market (Chaney, 2018). To be compare price in domestically or international level
useful to find out total revenue and make some changes in economic condition. Some
factors are most important part in international trade and government is also support for
tariff price. There are some most important for local people and government.
Some useful points, which is use to overall working environment and make some changes in
development countries.
 Protracting domestic employment :- It is help to protracting domestic employment and
increase competition form import goods in market (Helpman and Razin 2014). The
unemployment labour is shift to domestic industry and complain about cheap foreign
labour and how poor working condition is most important part to increase market share.
 Protecting consumer :- It is focus on to protract number of consumer in market and
provide safety about it. There are some change as per need of overall external working
environment.
At the end overall work is to be based on price factor and make some changes in growth rate. If
the change in price is give direct impact on demand. Other than, if price is increase, demand will
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Illustration 1: Tariff on prices
source: Economic decision, 2016

be low and price will be decrease, increase the level of demand in market. There are some
changes as per need of market growth (Edmond and et.al 2015). In working environment effects
of a tariff on prices is give inverse relationship between price and make some change in overall
development in marking environment.
 The first effect is consumer buy less.
 The second effect is output effect and procreating effects.
 The third effect is input reducing effect in working environment.
All such kind of effect is most important make some change in growth rate in market and
increase market share. There are some change in overall development and make some change in
price is most important impact at the time of import of product in market. At the time of import
condition price is to be set as per need of the customer in market (Helpman and Razin 2014).
This is help to increase market share and make some change in overall development in market.
Some time price is most use at the time to import good form other countries and price is the only
factor to reduce market share.
CONCLUSION
Form above report is based on national economy and international trade is some time
create some threats for worker. This report is based on H&M group organisation. In this report
international trade is most important factor and some changes in overall working environment.
As per the above report commercialism is the misconception of chemical phenomenon cracking
and services betwixt two grouping or entities. Global trade is then the conception of this
conversation betwixt people or entities in two antithetic administrative division. In this report is
to be focus on change in economic condition and make some change in market share. This report
is focus on price is set demand in market and improve employment opportunities in market
share. Form the above report is based on protracting domestic employment and increase
competition form import goods in market. There are some change in market share and impact on
social factor to improve market share.
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REFERENCE
Books and journals
Jones, R.W. and Kierzkowski, H., 2018. The role of services in production and international
trade: A theoretical framework. World Scientific Book Chapters, pp.233-253.
Feenstra, R.C., 2015. Advanced international trade: theory and evidence. Princeton university
press.
Neary, J.P., 2016. International trade in general oligopolistic equilibrium. Review of
International Economics, 24(4), pp.669-698.
Mansfield, E.D. and Reinhardt, E., 2015. International institutions and the volatility of
international trade. In THE POLITICAL ECONOMY OF INTERNATIONAL TRADE (pp.
65-96).
McGovern, E., 2017. International trade regulation (Vol. 2). Globefield Press.
Antras, P. and Foley, C.F., 2015. Poultry in motion: a study of international trade finance
practices. Journal of Political Economy, 123(4), pp.853-901.
Chaney, T., 2018. The gravity equation in international trade: An explanation. Journal of
Political Economy, 126(1), pp.000-000.
Edmond, C and et.al 2015. Competition, markups, and the gains from international
trade. American Economic Review, 105(10), pp.3183-3221.
Viner, J., 2016. Studies in the theory of international trade. Routledge.
Patterson, G., 2015. Discrimination in International Trade, the Policy Issues: 1945-1965.
Princeton University Press.
Zhang, Q and et.al 2017. Transboundary health impacts of transported global air pollution and
international trade. Nature, 543(7647), p.705.
Helpman, E. and Razin, A., 2014. A theory of international trade under uncertainty. Academic
Press.
Nimon, W. and Beghin, J., 2017. Ecolabels and international trade in the textile and apparel
market. In Nontariff Measures and International Trade (pp. 321-326).
Asche, F and et.al 2015. Fair enough? Food security and the international trade of
seafood. World Development, 67, pp.151-160.
Baier, S.L and et.al 2014. Economic integration agreements and the margins of international
trade. Journal of International Economics, 93(2), pp.339-350.
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