HND经济学2 世界经济 答案.docxVIP

Economics 2: The World Economy DE3H 35 Financial 2 Xu Lun PAGE \* MERGEFORMAT 16 Economics 2: The World Economy Outcome1, 2 and 3 Candidate Name: Xu Lun SCN: 095352561 Due Date: January 4th 2011 Tutor Name: Zhang Ju Outcome 1 This report is aiming to use tables and figures to present Premier a clear picture of what the real world economy is and help him to make a major choice of weather or not join the European Union. I am a member of government, I will use my knowledge and skills to help Mr Premier have a better understanding of the world economy rules and I hope which can help a little. First of all, when countries trade goods and services without wishing, or being able, to impose any barrier to the trade, which is called Free Trade. The reasons why we do Free Trade business are a lot, but to obtain more financial resources is believed more important. And their goal of Free Trade is never changed-to reduce non-tariff barriers. For instance: in 2009, there’s an agreement about Free Trade was signed between South Korea and East Asia Union. It can helps a lot on both sides economy development. Free Trade is the main reason why we should join European Union, and which has also been called International Trade, originally focus on goods and services could be exchanged freely between two countries without any barriers. Before compare or explain, there needs two assumptions. First one is no barriers of any kind would be imposed upon entry of the goods to any market. Second is the selling price would be the “economists price” which we can understand as price is uncertainty. Recently, there are some popular topics has been discussed a lot. Like Free Trade always talked with Trade Protection, Non-tariff banners and Tariff banners. What’s more, Free Trade also can bring us a lot of benefits. Increase the world-wide output is one the key benefits. Also, it can increase the foreign currency reservation. Everything has two sides, Free Trade brings the culture erosion too.