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International Business - Assignment Example
Author : nienowfiliberto
Pages 8 (2008 words)
International Business Assignment Contents International Business Assignment 1 Contents 2 World Trade Organisation 3 Globalization 3 Advantages and disadvantage of globalization 3 International Business 5 Advantages and Disadvantages of International Business 5 Free Trade 7 Advantages and Disadvantages 7 Interventionist Theories "Merchantilism" 8 Government polices 8 Free trade theory 8 Product Life Cycle Theory 9 Porter Diamond Theory 9 NAFTA 10 Globalization and international business 10 Free trade benefits 11 Economic and non economic theory 12 Reference 12 World Trade Organisation The world trade organization is an organization which is a global international organization, which deals w…
The agreements of WTO are lengthy and complex because the deal with legal issues covering a range of activities. WTO is known as the multilateral trading system (World Trade Organisation, 2011). Globalization Globalization is referred as unification of world into one entity. It captures the changes that take place in the world economy (Indabawa & Mpofu, 2006, p.136). Globalisation is also referred to as the growing interdependence of the countries resulting from finance, trade, people and ideas. Advantages and disadvantage of globalization Advantages Global outsourcing is the global phenomena. Countries like US send its employees overseas which helps it compete in the global environment. The rate of production increases when countries produces goods and services in areas which they have a comparative advantage. With the help of Global integration, poverty has been reduced. As the developing countries gets new employment and exports to. ...
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