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The Global practice of trade is of paramount importance and significance to all the citizens and the economic policy makers of a given country or economic bloc. However, this concept of global trade is widely misunderstood and miss conceptualized. The book understanding global trade by Elhanan Helpman provides a thorough and complete explanation of the issues that shape and define the global organization and mechanism of trade and the resulting trade flows. It reviews the process of development and evolution of the technical knowledge in the field of global trade right from the traditional, classical and conventional economists like Continue reading...

Beck Manufacturing and Plant Capacity

According to Vonderembse & White (2013), capacity is the measure of an organization’s ability to meet the customers demand for goods and services in the requested amounts and in a timely manner. Capacity can also be defined as the maximum rate of production in an organization. Businesses need to acquire physical facilities, additional human resources, the correct amounts of raw materials and capital in order to achieve the desired levels of production to meet the demands of the customers. In the competitive business world, optimum capacity planning is the most important aspect for any business. This paper would focus Continue reading...