MAN551 WK1 DISCUSSION

Does the U.S. have a trade deficit or surplus? (Research this separately) What are the arguments for protectionism or free trade? How is this affecting (expected to affect) the economy (consumers, business dealings, prices, tariff income generated, etc.) Read Ezekiel 28:18, and Proverbs 31:18. How does trade played an important role in biblical times.

Explain how Globalization 3.0 (Thomas Friedman) affects the business and trade.

China and India have been the world's fastest-growing economies in recent years, and Brazil is becoming a major force in international commerce. Write a short essay that summarizes how these three countries are changing the landscape of international business, and describe the arena in which each excels. Then choose some type of business that you would like to be involved in, and describe how and why you, as a manager in that business, would choose to work with other organizations in one of these three countries.

Members of some market-oriented and command economies seem to pity or look down upon people living in traditional systems. These individuals say that traditional cultures are backward, underprivileged, suffering, and living in the past. Armed with such beliefs, many “modern" societies dedicate themselves to introducing their lifestyles, technology, and economic systems to the more traditional groups. While some traditional economies embrace the opportunity to grow and "evolve," others do not. People in some traditional economic systems are not interested in changing. They are happy to live much as their past generations have lived, they enjoy being part of a very close-knit community, and they respect the traditions and beliefs of their ancestors. Questions: 1. Should market and command governments encourage people in traditional economies to adopt their ways? 2. Do these traditional systems need help or does outside assistance do more harm than good for these societies?

As a national of CARICOM, and a student of International Business Management, you have been invited to make a presentation on Foreign Direct Investments to an Investment team.   Thoroughly explain the below issue                                                                                                                                            a) The implications of Foreign Direct Investments inflows for developing countries.

Dental care is a growing concern in emerging markets. Jeff's Toothbrushes is an American dental appliance company that is looking to expand internationally. It currently supplies several European and Asian countries an expanding line of dental care products, including toothbrushes, toothpaste, and mouthwashes.   Hearing about this thing called global shift from the established Western to emerging economies, along with the growing purchasing power of the base of the pyramid, the CEO of the company has asked his senior executives to investigate the practicality of designing products for consumers in poorer regions of emerging markets; specifically, the company in looking at rural zones in Southeast Asia, notably India, as well as several sub-Saharan markets.    On one side, several senior executives believe that if the company can develop a product line that effectively meets these customers'   health and economic circumstances, it can look forward to accelerating sales growth.…

of why not? Countries like the United States that have a high standard of living are referred to as industrialized nations. Countries with a lower standard of living and quality of life are called developing countries (or sometimes underdeveloped or less-developed countries). What factors often prevent developing nations from becoming industrialized nations? What can business

E4 Blockchain technology (BT) has emerged over the recent years. Writers however argue that there is limited understanding of this technology and the benefits it can provide to industries in the worlds. Therefore, some industries have taken a cautious approach to its adoption. Advise on the importance of Blockchain Technology to a business sector of your choice in South Africa? First define BT. Then discuss briefly what you understand to be the role of BT, its importance, benefits and any potential risks it may present to the chosen business sector (You must identify the business sector of your choice). Finally conclude what you would recommend to corporates in that business sector.

explain economic protectionism and how it affects our global economies. Give at least 2 specific examples.

Trade & markets became mechanisms for human survival, since the 18th century, due to the shift from the traditional economic system to the division of labor/specialization, manifesting into the modern market systems, the world has experienced tremendous improvement in living standards, albeit unequally across regions. Discuss two advantages and disadvantages of the modern market economy, how to fix the disadvantages, and if a better system may evolve to replace the market economy in the 21st century.

Energy, food, and water are frequently cited resources that are critical for economic development. Explain the importance of each one to economic development. What disparities exist among countries with respect to these three resources? How can these challenges be resolved?

How does globalization affect the business environment, and what challenges and opportunities does it present for businesses operating in different regions of the world?

What are supranational and intergovernmental principles when talking about economic integration? What is the role of both principles when talking about different forms of economic integration? In what form of economic integration becomes supranationality dominant in governance mechanisms?

How do global economic trends and international trade policies impact our business and what strategies can we implement to mitigate risks and leverage opportunities?

The economic argument for trade between and within regions and countries has been provided as absolute and comparative advantage theories. Make a comparison and distinction between the two terms. Which of the two factors do you believe is more significant in understanding global trade development over the last 25 years? What is the reason for this?

Read the article of The Trade War between USA and China: https://www.bbc.com/news/business-48196495 1. Provide an example of government economic intervention designed to influence, regulate, or control trade for a specific industry and summarize the government's reasons for the interventions. 2.Identify which parties and organizations were or will be impacted by the government intervention, including any impacts on the price of commodities. 3.Briefly summarize key pieces of information a business in the industry from your example needs to know to fully understand how the intervention will affect its business.

Analyse the difficulties that global economic integration presents. Describe in depth your suggestions for possible mitigations of these. It is crucial to give priority to using relevant examples.

Explain how GdP, the categories of economic development, and the business cycle influence marketers’ decisions in entering global markets. What are the BrICS countries? What is the Group of Seven (G7)?

As the drivers of globalization continue to pressure both the globalization of markets and the globalization of production, we continue to see the impact of greater globalization on worldwide trade patterns. Do you think globalization is a threat or an opportunity for International Business?

What are the Technological Drivers of Globalization in terms of Market, Cost and Competition? What is the Impact of the Technological Drivers of Globalization to the Business Industry?

Based on Wealth Accumulation as a Basis for Trade Theory: Mercantilism Why do countries trade with each other? What would happen if countries curtailed or did not trade with each other?  explaining why it is beneficial for a country to engage in international trade.

With the emerging age of trade together with the drawback of transactions due to the global pandemic, what can be the current status of the US amongst other countries?

Globalization refers to the interconnectedness and interdependence of economies, cultures, and societies worldwide, facilitated by advancements in technology, transportation, and communication. It has led to increased trade, investment, and the flow of goods, services, and ideas across borders, reshaping the global landscape. Globalization has brought both benefits and challenges. On one hand, it has fueled economic growth, lifted millions out of poverty, and enabled access to a diverse range of products and services. On the other hand, it has also contributed to income inequality, cultural homogenization, and environmental degradation. The rapid spread of information and ideas through digital platforms has transformed communication and fostered cross-cultural exchange, but it has also raised concerns about data privacy, misinformation, and cyber threats. As globalization continues to evolve, it presents opportunities for collaboration and innovation while also highlighting the need…