Question
Asked Jan 14, 2019
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describe the shifts in the world economy over the past 30 years. what are the implications of these shifts for international businesses based in great Britain? North America? Hong Kong?

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Expert Answer

Step 1

Globalization has increased the trade over the past 30 years. Globalization has brought a significant change in the world economy. There has been a dramatic shift away has observed from the countries like the USA and other developed countries as being dominators of world business.

Step 2

Globalization has increased the trade and business beyond the borders. The Dominance of developed countries like the USA and developed countries is still large whereas the developing countries are becoming increasingly active in trade and investment.

Step 3

The UK or the British firms looking business opportunity in European and in North American Market.  British companies also looking business opportunity in the Asian Market.

USA c...

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