Economics IB HL Y13 Essay Example | Topics and Well Written Essays - 750 words

Economics IB HL Y13 - Essay Example The world economy has grown in recent years. International trade has been the motivating force behind it. But with the more recent technological developments as well as reduced trade blockades, growth in trade is definitely on the rise. Developing counties have also stepped on this bandwagon, extracting the best out of their own respective economies through trade internationally as well as locally - within the country. The integration of trade into the world economy has really proved helpful for the developing countries as they can promote economic growth, development as well as poverty reduction within themselves. World trade has been increasing at an average rate of six percent for the last 20 years, which is twice the rate of world output. The integration of the world economy with the help of trade has lifted the living standards of the people within these developing nations, which is a positive sign. Sustained and consistent economic growth requires policies that can open trade and investment with the rest of the world. There is proof to it and it is that there has not been a single nation that has achieved economic stability without being open to the world for trade. International trade requires liberalization, i.e., openness to all and sundry within the world no matter what. The living standards are in direct proportion with them. There is a high need to promote and liberalize the manner in which trade is carried out within the world economy. It needs to be more generous to everyone and anyone as well as helpful for the developing nations so that more and more trade is carried out between the economic world markets. (Macewan, 1989) Agriculture is one such example of being more liberal for the international trade market. Liberalization by both industrial and developing nations is necessary to realize trade’s potential that acts as a driving force for economic growth and development. It is up to the industrial and

Health care joint ventures and competition law Essay

Health care joint ventures and competition law - Essay Example One of the major problems in applying antitrust analysis to joint ventures in the health care industry, as in other industries, is the inherent problem of properly defining a joint venture. The classic and most-often cited definition states that a joint venture is an enterprise in which two or more separate firms or entities integrate their operations such that the following conditions are met: (1) the enterprise is under the joint control of parent entities, which are not under related control; (2) each parent makes a substantial contribution to the joint enterprise; (3) the joint enterprise exists as a business entity separate from the parent entities; and (4) the enterprise creates or is intended to create a new capability in terms of providing new productive capacity, new technology, a new product, or entry into a new market. The term â€Å"joint venture† can be applied to a wide range of collaborative activity. The Department of Justice, in its Guidelines for Internationa l Operations, has defined a joint venture as â€Å"essentially any collaborative effort among firms, short of a merger, with respect to R&D, production, distribution and/or the marketing of products or services.† In the health care industry, agreements between hospitals and physicians to provide certain hospital-based services, such as anesthesiology, radiology, and pathology could be viewed as joint ventures.