In September 2008, the BBC launched an ambitious project to follow The Box. The Box in question was an ordinary shipping container, except it had been painted with the BBC logo and equipped with a GPS transmitter. The plan was to follow it as it moved around the world. (The project is named after a book by Marc Levinson that describes how the humble container changed the face of world trade.) W…
In 2004, EU25 1 external trade in services 2 recorded a surplus of 42.8 billion euro, compared to 37.0 bn in 2003. This increased surplus was mainly due to a higher surplus in transportation (+13.4 bn in 2004 compared to +7.0 bn in 2003), while the deficit registered for travel was slightly lower (-12.9 bn compared to -13.4 bn). The surplus recorded for “other services” fell slightly (+42.5…
The main components of EU international trade in services were "other business services" (R&D, business, professional & technical services) which accounted in 2014 for 26% of EU total exports and 28% of imports, Transport services (18% and 20%), Travel services (14% and 16%), Telecommunications, computer and information services (12% and 9%) and Financial services (10% and 6%). In 2014, the…
The taxation of international business is a vital political and social issue, as well as raising many fascinating legal, political and economic questions. Taxation is the point of most direct interaction between government and citizens, the state and the economy. Yet the technical complexities of taxation often make informed debate difficult. This book aims to provide a survey of the develo…
Cross-border trade is not a phenomenon that is novel or unique to modern times. The importance of the spice, amber and silk routes traversing Asia, the Mediterranean and North and East Africa for trading in these and other goods in the ancient world is well known. Cross-border commerce generated wealth not only for those who engaged in it but also for the kingdoms through which the goods traver…
This book is the result of an executive program on international contracting, which has been taught by the authors since 2008 to project directors and managers of large contracting companies in the Netherlands. In 2007, three of these companies, Ballast Nedam, Boskalis, and Heerema Fabrication Group, requested that TiasNimbas Business School of Tilburg University design and arrange such a …
This chapter introduces you to the study of international business. After reading a short case study on Google Inc., the Internet search-engine company, you’ll begin to learn what makes international business such an essential subject for students around the world. Because international business is a vital ingredient in strategic management and entrepreneurship, this book uses these compl…
Expansion of trade between countries, to develop production capacities beyond national borders and foster competition at a level above national markets, has been since its inception one of the core aims of the European Communities. One of the original articles of the Common Commercial Policy stated that, by establishing a customs union between them, the Member States aimed to "contribute, in th…
The European Union continued to be the biggest global player in international trade in services (ITS). In 2005, the EU-25´s international trade in services recorded a surplus of €56.9 billion, compared to 47.6bn in 2004 and 38.5bn in 2003. The USA remained the EU's main trading partner. The development of trade with Japan continued to be rather slow. Of all the EU Member States, the UK was t…
Services are increasingly important in modern economies. In 2006, their shares of EU-27 gross value added and employment were 69.6% and 68.6% respectively (Eurostat database). Recent decades have witnessed a steady rise in their importance to the EU economy. The strong and growing role of services is not reflected in international trade. Due to the intangible nature of trade in services, this …
One of the major achievements of the European Union is the free movement of goods, services, capital and labour between the Member States. The Internal Market remains one of the Union’s most important and continuing priorities. Services are increasingly important in the Internal Market. They account for about 70% of gross value added and 69% of employment in the EU-27. In recent decades their…
The European Union continued to be the biggest global player in international trade in services (ITS). In 2007, the EU´s international trade in services recorded a surplus of €84.1 billion, compared to €68.5bn in 2006 and €54.1bn in 2005. The USA remained the EU’s main trading partner. Of all the EU Member States, the UK was the biggest contributor to extra-EU transactions. Trade in se…
The financial crisis that hit the world economy in 2008 and 2009 has had a huge impact on the international exchange of goods and services. While international trade in services of EU countries still recorded positive growth in 2008 (total exports up +2.2 % after +8.5 % in 2007), preliminary results show it declined significantly by 6.7 % in 2009. It is interesting to note that the exports of…
The Manual on Statistics of International Trade in Services is the result of a wide-ranging and transparent process. It has been jointly produced by the organizations that participate in the Interagency Task Force on Statistics of International Trade in Services authorized by the United Nations Statistical Commission. It has benefited from strong cooperation among the six participating agencies…
The only really systematic theory of international trade we possess is the' so-called classical theory, of which practically all the component parts were worked out by such early writers as Hume, .Adam Smith and Ricardo.! It is -eharacterised, on the one hand, by the doctrine of' comparative \costs and, on the other hand, by the principle that prices, exchan~e rates and money Hows provide …
The aim of this compilation guide is to provide absolute transparency in relation to the harmonisation process applied by Eurostat to each Member State original data. The domain covered is the annual current account data (International trade in services - ITS / Geographical breakdown of the current account - GBR). Each year or quarter, the national banks or the national statistical offices prov…