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Showing posts with the label supply chain

Call for Papers: Sustainable Development in Business and Supply Chain Research Conference

Date: 27th to 28th November 2014 Location: London, United Kingdom Brunel University: ICSBS2014 is an important international gathering of those interested in business and economics, marketing, Logistics, transportation, supply chain and information technology. The focus for academics, researchers, lecturers and students is to attend best practices workshops and review new ideas in research. Web address: http://www.icbtsconference.com/14808536/call-for-paper

Free Trade Agreements can Foster Economic Hubs

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Free trade agreements are a common economic method of increasing trade. Free trade agreements work best where lower value imports are used to create higher value exports. Global hubs  often work with regional hubs in an international supply chain that continues to develop products for exportation to world markets. Effective economic hubs use intellectual capital to create value that cannot be easily copied by other countries. According to Chong and Hur (2008) each hub has access through trade agreements to the spokes but the spokes only have access to the hub. This means that the hub can sell more products and services than the spokes can themselves. This advantage gives them preferred trading and profitability standards. It also creates a value chain with the highest hub realizing the most benefits. Because hubs are central locations, they also can have an advantage in investments (Wonnacott, 1996). Those who seek to maximize their investment opportunities will invest their