Vous êtes sur la page 1sur 4
Semester: Spring 15 Assignment 25/3/15 Date: Course ECON 206 Course Global Economy Code: Name: Assessmen Assignment

Semester:

Spring 15

Assignment 25/3/15 Date:

Course

ECON 206

Course Global Economy

Code:

Name:

Assessmen

Assignment

Duration:Submit by 12/4/15 (In hard and

t:

soft copy both)

Student

Rafal raad

Student ID:BBA1321719

Name:

Hamda Halim

BBA1412074

Awarded

Total Mark:15

Mark:

Course Learning Outcome Contribution

Max

Mark

Awarde

d

CLO 1

CLO 2

CLO 3

CLO 4

CLO 5

CLO 6

-

CLO 7

-

  • 1. Take any two countries of world like UAE and USA and analyse any latest trade relation may be restriction or lifting ban between them focusing on 1)

Apply the aggregate demand and supply theories in both the countries because of the trade relation. (CLO3 ( 7 marks)

The United States and the UAE enjoy a significant trade and investment relation, the majority of it has little direct relation to UAE oil exports. And its one of the fastest growing USA economic partnerships, both globally and particularly in the GCC region. The UAE is definitely one of the most open economies around the world, And also its dynamic economic ,

This relationship shows the UAE’s position as a regional leader in terms of economic transform, andUS - UAE Business Council , demonstrate on expanding the commercial relationships . Also in 2012, the UAE was the major export markets in the Middle East for the USA. From 2011 to 2012, the entire trading volume between the United Arab Emirates and united states of America increased to more than $24.5 billion, growth from $16.8 in year 2011. and was sustained by rise in exports from the USA to UAE. Total exports from US to UAE reach $22. billion , a 38%raise more than the year 2011. Imports into US from UAE stayed balanced at over $2 billion. Also UAE has trade relation with every states in the US , as well with Columbia and Virgin Island. Also there is a strong relation between both countries as the united Arab emirates pegs its currency UAE dirham ( AED) to the US( $ dollar).over 1000 US organization have a presence in united Arab emirates, like Bechtel and ExxonMobil , Starbucks also Cold Stone Creamery and many others .As a result of valuable investment in the USA for more 30 years, UAE has being a dependable also long-term contributor to US overall economy supplying market liquidity to united states of America capital market, and a growing for US companies also safety work place for US worker ,as we as UAE making significant investments in the US that span all over different industries such as manufacturing, information’s technology and financial service, real estates , aviation’s market . in the same time , US businesses progressively making a presence in the UAE with more than 800 hundred currently established many firms, not only in order to service the domestic current market, but as well as to benefit from the UAE ’s strategic position which allows access to more than 3 billion consumers in this region . " id="pdf-obj-1-2" src="pdf-obj-1-2.jpg">

This relationship shows the UAE’s position as a regional leader in terms of economic transform, and openness to international trade and investment, and political stability. In the year 2012, the UAE and US form an Economic Policy Dialogue (E.P.D.), which

will perform platform to developing

unique initiatives that are created

to strengthen the economic, trading and commercial partnerships} between the two countries. The UAE and the USA established on May / 2007 of a US - UAE Business Council , demonstrate on expanding the commercial relationships . Also in 2012, the UAE was the major export markets in the Middle East for the USA. From 2011 to 2012, the entire trading volume between the United Arab Emirates and united states of America increased to more than $24.5 billion, growth from $16.8 in year 2011. and was sustained by rise in exports from the USA to UAE. Total exports from US to UAE reach $22. billion , a 38%raise more than the year 2011. Imports into US from UAE stayed balanced at over $2 billion. Also UAE has trade relation with every states in the US, as well with Columbia and Virgin Island. Also there is a strong relation between both countries as the united Arab emirates pegs its currency UAE dirham ( AED) to the US( $ dollar).over 1000 US organization have a presence in united Arab emirates, like Bechtel and ExxonMobil , Starbucks also Cold Stone Creamery and many others .As a result of valuable investment in the USA for more 30 years, UAE has being a dependable also long-term contributor to US overall economy supplying market liquidity to united states of America capital market, and a growing for US companies also safety work place for US worker ,as we as UAE making significant investments in the US that span all over different industries such as manufacturing, information’s technology and financial service, real estates , aviation’s market . in the same time , US businesses progressively making a presence in the UAE with more than 800 hundred currently established many firms, not only in order to service the domestic current market, but as well as to benefit from the UAE ’s strategic position which allows access to more than 3 billion consumers in this region .

In a similar way the overall economy of the UAE flourish since it continues is continuing

In a similar way the overall economy of the UAE flourish since it continues is continuing to serve as a strategic center for leading US companies in banking, retail, finance, consulting, and defense and education sectors. As the UAE national economy is continuing to expanding

2) Evaluate their fiscal or monetary policy due to trade relation marks)

(CLO 4 (8

As per the strong relationship between the two countries UAE use monetary policy with USA as we know the united Arab emirates pegs its currency UAE dirham ( AED) to the US( $ dollar). Definitely the central bank of UAE injects Dirham liquidity in situations when a bank require access to Dirham. Swap arranging contain a associated with sale and forwards purchasing Us dollars against the purchase forwards sale of equal value of Dirham amount for a fix term at specific rate .The main duties of the Central Bank is an dynamic expansionary policy that is committed to generating the preferred economic goals with stable rates The Central Bank is also working to {maintaining fixed exchange rate of the dirham AED against the U.S. $ dollar and to guarantee the free of cost convertibility of the national currency into foreign currency, and additionally to its own task as "Bank of Banks" and Government's bank and its {financial consultant . in the same time the most efficient

countries in term of governments fiscal policy as we know the open market of UAE with USA for exporting and importing many services and goods and huge investments in different sectors like infrastructure and aviation all this with the terms of fiscal policy .

References.: