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Discuss general Trade Terms according to the international Business Law in details.
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Solved in 3 steps
- Discuss the economic principles / theories associated with international business?If opening up to free trade would benefit a nation, then why do nations not just eliminate their trade barriers, and not bother with international trade negotiations? Analyse the situation of US China trade war in respect of its origin, impact on US, Chinese, world and Indian Economy with suitable data of year between 2015-2020. What are the future prospects for India in this regard?Identify the erroneous term in each item and write the correct word/phrase to revise the statement. "The impact of liberalization of trade and investment has been even as some nations have benefited more than others."
- Which of the following is not limitation of the concept of terms of trade? Select one: a) Base year choice is difficult b) Quality of goods changes c) There are no limitations d) International competitiveness may be compared e) Different countries may use different formulasInternational business is explained by many International trade and investment theories. Do you think that these theories explain trends in business adequately? As a point of focus-discussion, refer to the China’s competitive advantage in exporting Rubber Shoes and Bangladesh in exporting Garments.Each of the following has contributed to the rapid growth of trade among nations EXCEPT A-The growth of emerging markets countries B-The increase in trade barriers C-Advances in information technology D-The liberalization of markets
- Overview of International Business / Global Marketplace and business centres Evaluate the impact of the political and economic characteristics of the world's various marketplace on international business.Explain the importance of Global integration and role of multilateral institutions. How these affect on International business/tradeExplain the importance of foreign trade.
- Discuss the importance of terms of trade for countries.Since the end of World War II, globalization has steadily increased with rapid expansion around the turn of the 21st century. What are some of the forces driving globalization and international business? What are some of the challenges of engaging in international business compared to doing business in your home country?Outline the extent of international business and the economic outlook for trade.