Introduction
In writing this, my topic of interest is actually trade with a closer look and preference of comparing the African king with the Chinese type of trade. It is more so a topic that shall be able to expound on the existence of business between the two Nations and how it developed. Trade is definable as the process whereby people voluntarily and in most cases in an asymmetric manner do engage in the exchange of goods and services and in other times money (Shell,2006).
According to (Dawson,2000),Trade is not just an exchange but a transaction that is facilitated by the presence of a market. In recent times its was mostly that barter form of trade that was used as one wanted to get what he or she was lacking and it just involved the exchange of the goods and services directly after one has been contented by the offer of the other party. Precious metals such as the poles and tusks were used in olden days for trade and from that time immemorial; the China Africa trade was developed. The invention of the money later made it easier for the Chinese traders to invest in Africa, which did influence positively to the economic perspectives of the region.
The trade that was connecting the two was literally bilateral and though China did trade with other nations as well, the multilateral perspective of trade did not grow very first in Africa. The division of labor as well as specialization fueled the China African trade as most of the people did concentrate on small particulars of producing goods and services and preferred trading for what he or she lacked (Mallor,2009).
According to Stewart,(2000),the comparative advantage that did exist and does exist up to today between China and Africa is what has facilitated the existence of trade between the two nations as each of them is able to produce a tradable product. Trade can also be influenced by the likely benefits perceived if the size of the available market is able to lead to realization of mass production merits.
Main body
I decided to make a choice of this topic simply because trade is what does support the production, processing, distribution as well as positioning in a strategic manner the business ventures that are available to offer goods and services for the consumers. In addition, trade is important in that one country may be in need of some resources that it is not able to provide for itself but through trade it shall be able to get them (Ries & Jack,2000). Other times even if the country is able to produce what it is lacking, other times it becomes more expensive to locally produce as opposed to importation and this justifies my topic choice as well.
The materials that are related to trade are going to be gathered and composed into an essay that shall be able to expound on Trade in general as well as the highlighting on the China and African trade. The graphs and charts are also going to be used as the data that is related to trade is also available in the same design too. More so the information shall also be presented in the statistical way and an analysis shall follow it to ensure that all raw data is processed into useful information in the most realistic way.
The data that is needed to complete this assignment is readily available in academic libraries and the internet libraries as well. Many of the business and economics books available in the library has relevant information relating to China African Trade from the time immemorial to date. This together with the recent publications from the internet libraries as well as the financial markets data shall be sufficient to offer the relevant information needed to complete the job.
Comparison and counter checking of the data is relevant towards a detailed report that is able to give a blueprint of the existence of trade between the two nations. Graphs shall be counter checked to ensure that any discrepancies are outlined well enough as far as the topic is concerned. The theories that are related to the topic shall as well be reevaluated to ensure that they are able to give reasonable information on how trade is conducted.
Upon completion, this project should enable me to fully understand what trade is and how it is carried out for the mutual benefit of the parties involved. This shall be beneficial in real life situations as I shall be able to involve myself into trading boldly and challenge the other traders with skill and wit. How to be able to get an upper hand in trade will also be learnt here making it more useful and a topic of great importance to the economy and me in general.
Conclusion
This proposal shall be able to give the likely business and trade that exists in the markets and how it shall be developed in cases where it has not grown so much. Trade is useful and it leads to a country’s development and Gross Domestic product growth.
References
Dawson, R. (2000). Secrets of Power Negotiating.Miami. Career Press.
Mallor, P. (2009). Business Law: The Ethical, Global, and E-Commerce Environment.Uk. Irwin/McGraw-Hill.
Ries, A & Jack, T. (2000). Positioning The Battle for Your Mind.Uk. McGraw-Hill.
Stewart, L. (2000). Getting to Resolution: Turning Conflict into Collaboration. Sydney. Berrett-Koehler Publishers.
Shell, R. (2006). Bargaining for Advantage: Negotiation Strategies for Reasonable People. New York. Penguin.