Chapter 1 Critical Thinking and Discussion Question
Describe the shifts in the world economy over the past 30 years. What are the implications of these shifts for international businesses based in Britain? North America? Hong Kong?
After World War II, America used to be the number one leader in the world while Britain and China have less role. For the rich industrial countries like the UK, US, Denmark and New Zealand is declining of the FDI. Conversely, the developing countries like China has become more influential in the world economic over the last 30 years and expected to be the first leader in the world. Especially, exporting of china has a significant blooming.
"The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms." Evaluate this statement.
International business or globalization is talk about the trend towards a more integrated global economic system. I’m disagree with that there is no relevance for individual who are going to work in small business because every business should consider about economic and the economic depend on the would situation. So, not only a big enterprise must study international business but small business should understand the role of global business also.
How have changes in technology contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes?
For the globalization of markets and production, they have changed with lower cost communications networks and lower transportation cost. Both lead to easier to enable firm s to create global markets and allow firms to better respond to customer demands. For example; The Internet has facilitated the creation of a 24/7/365 marketplace where information is available in real time. So that make sense that the globalization of production...
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