Several theories have been forwarded to explain the patterns of international trade. Using relevant examples, in what ways is Porter's Diamond framework different from Krugman's New Trade Theory? (Min 200 words)
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- Which of the following is/are the main reason most companies begin with Export to get their products into a foreign market? A. Higher profit margin B. O Less risky. C. Less tax and quota regulations D. A and C E. All of the above Please explain with answer ThankyouPut simply, International Business is the means that enables the ends of Globalization. A) True B) FalseThe principle economic basis for international trade is difference in price of goods or services. Question 10 options: a) True b) False
- The key factors and forces that that drive the expanding scale and scope of globalization include: 1. Rise in and application of technology2. Liberalization of cross-border trade and resource movements3. Development of services that support IB4. Growth of consumer pressures5. Increase in global competition6. Changes in political situations and government policies7. Expansion of cross-national cooperation Philip Newman runs a seafood restaurant in Philadelphia. Nowadays, it is possible for him to buy fresh grouper in Indonesia and have the product flown immediately To Philadelphia. Mr. Newman is able to do this because _________________. A) he has established contacts in Indonesia B) the cost of grouper is about the same in Indonesia than in other countries C)Indonesia is the largest exporter of grouper D) there have been dramatic advances in transportation1. Select ONE country and explain how globalization impacts on the economy of that country 2. Provide detailed overview of existing trade agreements of the country with other country or other region 3. List down the products those have “import restriction” by that country 4. Identify ONE brand of that country that has presence in another country andexplain their strategies to go globalExplain the importance of international trade ? no reference material and can you answer me as soon as possible
- Please answer honestly and using your own sentences. Briefly discuss why the understanding of international trade theory is useful to managers in international business.Despite companies engaging foreign agents and distributors in their distribution channel, unauthorized international traders are able to legally import various genuine products into Ghana. With relevant illustrations, discuss five (5) reasons why manufacturers should be worried.What is the entry modes and external risks in the europe & north america market for halal food products? Entry Modes Advantages Disadvantages Exporting Turnkey Contracts Licensing Franchising Joint Ventures Wholly Owned Subsidiaries
- Introduction to Trade Policies: Provide an introduction to the significance of trade policies and agreements in the context of international business. Your international business is an oil rig located in Saudi Arabia. Answer the following question with this in mind 1a. Identify and discuss three trade policies that may directly impact your international business venture. Consider tariffs, quotas, and regional trade agreements as examples. 1b Apply at least two major trade theories to your international business venture. Discuss how these theories explain or influence your choice of products, target markets, or trade strategies.How do I highlight the basis for trade between two countries with, 1. Identical production possibility frontiers and different demand conditions 2. Identical demands and different production structuresInternational Trade Theory seeks to answer two basic questions. Choose the best answer. Question 6 options: a) Nations trade for economic, political and cultural reasons b) Wealth of nations is derived from the division of labor and specialization. c) Nations, like Firms, face the same "make or buy" decisions. d) Nations trade because they possess advantages. e) The correct answer is "a" and "c"