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- According to the case study, "the theory maintained that globalisation championed by the developed economics does not necessarily transcend to economic growth in developing countries, the theory suggested that nations should seek for solution inward by making efficient utilization of domestic resources rather than looking outwards which normally compound the economic problems ". With reference to the above extract, provide a critical discussion on the relevance of globalisation in light of covid 19 pandemic. Source: https://www.sciencedirect.com/science/article/pii/S2405844020308537covid has been described as de-globalising. evaluate the extent to which you agree with this statementEvaluate the implications of de-globalisation on firms and global economies.
- Provide an overview of how the drivers of globalisation encourages the world economy from a micro and macro perspectiveWhat actions and policies can be implemented by a policy advisor of national government in order to create a facilitating environment for MNCs and to increase the potential to gain technological knowledge? Why?Give an example of a GVC (Global value chain) that uses agricultural inputs from Australia and leads to the final production of consumer goods for consumption in Australia or elsewhere. Additionally, please produce a diagram highlighting this GVC.