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- What factors does Paul Krugman identity that supported expanding international trade in the 1800s?“Trading blocs”/ Regional Integration efforts maybe considered the status quofor international trading under the new WTO “rules” as influenced and driven byglobalization, what are the reasons considered for their necessity/importance?Also what are the factors which act as impediments to the successful implementation ofthese regional areas?Would you consider that imperialism, the policy of extending a country's power ad influence through diplomacy or military force, is similar in any way to globalization, in terms of concepts, driving forces, activities, or net results? What do you think will happen with respect to “globalism” post Covid?
- explain how does WTO deals with the problem of standardization in order to support international trade between various countries?In this topic, you are to research globalisation. The business press bombards us with ideas about ‘The shrinkingworld’, ‘the flat world’ and ‘the border-less world’ – all catchphrases to describe the impact of globalisation.But are the (trade) borders really collapsing or are we seeing, post GFC, a resurgence in them? What is behindthe extreme demonstrations against globalisation at G7andWTC conferences?What would determine whether the German continued to intervene on this scale inthe future?
- Identify the major organizations that facilitate internationaltrade and the major trading blocs around the world.How does globalisation impact a firm’s strategy? Please Provide (Theory, discussion and examples ) 1000 words and references1. Notice how U.S. imports rose at roughly the same rate asthose of other countries until the 1970s. What accounts forthe acceleration of U.S. imports thereafter? 2. China’s exports rose spectacularly after the 1990s. Germanyincreased its exports in this period dramatically as well. Whatevidence do you see here for increasing competition for theUnited States in a globalizing economy?
- A customs union is different from a free-trade area, in that: the world. 1.a free-tradearea removes trade barriers between memibercountries, whereas customs union adtopts idtentical tarifts with the rest of the world. 2..a free-tradearea allows for uniform tariffs, whereas aCustamis union does not.3. customs unionremoves trade barriers between membercountries, whereas a free-tracte areaadtopts idtentical tarifts with the rest of the world e. a free-trade area allows for free movement of factors, whereas a Customs union does not. i will 5 upvotesAssume each country's potential output per unit worker per month is given below. (answer questions 15-18 based on the following information) Corn (lb) Scarves(#)U.S. 20 10Mexico 25 5Which country has an absolute advantage in producing corn and scarves respectively a. U.S. in corn; Mexico in scarves b. U.S. in scarves; Mexico in corn c. Mexico in corn; Mexico in scarves d. U.S. in corn; U.S. in scarvesWhich of the following arguments can be used to correctly defend the WTO’s position on the environment? Check all that apply. Trade liberalization lowers environmental standards. Tough environmental laws will discourage pollution without shutting off exports. Reduced trade barriers shift the production of environmentally intensive or highly polluting products to developing countries.
