Providence Working Waterfront Alliance

Rhode Island is the smallest state of America. Providence is the provincial capital of Rhode Island. The

official nickname is the Ocean State. Due to the geography factor of Rhode Island, the Port of Providence

is a important regional economic resource. In recently years, the economy of Rhode Island is not

optimistic. Rhode Island need trade to stimulate economic growth. Recently, "the City of Providence is

considering zoning changes that threaten the future success of Providence's working waterfront, a vitally

important regional economic resource". (Providence Working Waterfront Alliance) Many people

obviously unhappy with this change.

Providence's working waterfront is the major economic resource for Rhode Island. It provide hundreds of 

direct employment jobs and thousand of multiplier jobs. On the other hand, Providence's working 

waterfront is the major source of heating oil for Rhode Island. Protect working waterfronts is defiantly 

essential thing need to do. The government of Rhode Island need protect the Providence's working 

waterfront, also find a way to increase the trade to stimulate economic growth. The economic of Rhode 

Island should have a better future with the great geography environment.

International Factor Movements

This week, we talked about emerging economies and the effect that international factor movement has

had upon them. My country is Brazil. I will be cover the information about how trade has impacted the

economic conditions with Brazil.


There are top five emerging economies in the world; which are China, India, Russia, Brazil, and 


Turkey. "Currently Brazil's economy is considered as the 8th largest in the world. It is considered as 


one of the fastest growing nations in the world. Brazil's economy is mainly determined by the relatively 


free market as well as inward-oriented economy. The GDP growth rate is 5% approx per annum". 


(Incredible Diary, 2011)


Brazil total value of exports: $199.7 billion

Primary exports goods: transport equipment, iron ore, soybeans, footwear, coffee, and automotive.

Total value of imports: $187.7 billion

Primary imports goods: machiner, electrical and transport equipment, chemical products, oil, automotive

parts, and electronics.

In fact, Brazil joined in numerous of international economic organizations which would help it develop

the domestic economy. After that, Brazil had been increased the business transaction with hundreds of

trading partners. In nowadays, Brazil is a rising star in the emerging economies of the world.

US-Morocco Free Trade Agreement

The blog assignment is to discuss the positive and negative impacts of regional trade agreements this week. My topic is US-Morocco Free Trade Agreement. US-Morocco Free Trade Agreement is a bilateral trade agreement between U.S. and Morocco. It entered into force on January 1, 2006. The purpose of this trade agreement is going to eliminating tariff on more than 95 percent of all goods and services. This trade agreement is good for both of Untied States and Morocco.

"Since the entry into force of the FTA, the U.S. good trade surplus with Morocco has risen to $1.2 billion in 2009, up from $79 million in 2005 (the year prior to entry into force)" (United State Trade Representative, 2012). "Adding to the benefits provided by the FTA, Morocco's economy has been steadily growing at an increasing rate over the past ten years". (export.gov, 2011)

From the fact above, we can see the US-Morocco Free Trade Agreement can be used as a tool to develop trade in developing regions. The US-Morocco Free Trade Agreement will help develop the domestic economic for Morocco. Also, this free trade agreement will create numerous job opportunities for Morocco. It will be attract many investors to open business in Morocco due to the free tariff policy. On the other hand, the United States obtained a lot of advantage as well. The biggest beneficial owner was the agriculture department. The United States export agriculture product to Morocco a lot every year. The major product is corn ,wheat, and soybean. In addition, U.S. want to move forward a step to trade with the Middle East country through the US-Morocco Free Trade Agreement.

The International Monetary Fund

Firstly, sorry for doing this blogger so late.

I will talk about the International Monetary Fund this week. Actually, I have never heard IMF before. I learned some basic information about IMF from the class. This is a international organization aim to stabilize exchange rate and provide fund assistance for a country which need help."The organization's stated objectives are to promote international economic cooperation, international trade, employment, and exchange rate stability, including by making financial resources available to member countries to meet balance of payments needs."(Wikipedia, 2012) The International Monetary Fund is a helper. The global economic integration won't be successful without this organization.

Recently, about 20 countries promise increasing fund to IMF for help improving the euro zone's debt crisis. China was the one of the country promise to increasing fund to IMF. Actually, China made this decision had a reason. Europe is the one of the important trade partner with China. Chinese government cannot lose this partner without any help. In today's global economic environment, help others is help yourself.

In fact, it is good for developing country to be involved in the World Trade Organization or any other international organization. Most international organization is going to help a country to improving the domestic economy. Those kind of international organization is aim to balance the world's economy. China got a large amount of benefit after join in the World Trade Organization. China became the biggest export and import country of the world, and the GDP was increasing so quickly. On the other hand, It was extended the job opportunities for China and developed the technologic level.