why it is necessary for Ghana to cooperate with other nations?

Q: Should we focus our efforts on foreign investment or domestic investment ?

A: Introduction: Foriegn investment: A foreign investor's investment in local firms and assets of…

Q: When people trade, how do both sides (two or more countries) benefit?

A: Absolute advantage refers to the ability of the country to produce more units of good than other…

Q: How do two countries benefit from trading with each other?

A: Countries generally do trade with other countries when they have a lack of resources, to satisfy and…

Q: What aspects of the international economy are different to those of a single economy? What…

A: In a single economy, there is less competition than the international economy.

Q: How does China address conflict with the United States?

A: International relations researchers refer to such explanations as "unit-level," "reductionist," or…

Q: Make an argument for globalization or for protectionism

A: Protectionism

Q: Do you think it is important for the Philippines to join a trade organization? Why or why not?

A: The World Trade Institution (WTO) is the sole international organisation that deals with global…

Q: What multilateral institution was created under the Bretton Wood system to manage the world economy?

A: Bretton Wood System Bretton wood agreement established a system called Bretton wood system. Through…

Q: How will you explain each of the basic questions on trade, development, and industry?

A: Trade is considered as one of the basic economic concepts that involve the purchasing and selling of…

Q: What has economic globalization meant to the US?

A: Economic globalization has contributed greatly towards the social and economic development of U.S.…

Q: globalization be harmful and beneficial. If I were to ask you is it beneficial or harmfu

A: Globalization- It is the process that affects the lives of people and economies of nations.…

Q: Why are countries pushing to sign regional integration blocs?

A: Regional integration occurs where few neighbouring enter into the economic agreements thereby…

Q: How might the Internet and the associated World Wide Web affect international business activity and…

A: It's vital to note that the Internet conveys both information and commerce when examining the…

Q: Why do countries produce local goods when it is cheaper to import

A: The economist around the world argues that the free trade is the best for every economy as it…

Q: why philippines needs the support of UN Sustainable Development Goals?

A: Sustainable development is a type of economic development whereby there is economic development in…

Q: Why international economic policy and policy coordination is important?

A: The international economic policies refers to the policies of the government that influence trade…

Q: Who does protectionism protect? From what does it protect them?

A: International trade brings out a positive impact on the economies as they help in growing the…

Q: Explain, how do international take on “lives of their own”?

A: International Organisation: It is a mix or assortment of autonomous political elements or sovereign…

Q: What are the advantages and disadvantages of using a nation as point of reference for a culture?

A: Culture is a broad term that incorporates social behaviour and conventions in human communities, as…

Q: Is trade within the US a significant component of development?

A: Trade is one of the most important component in US. It is critical for US as it is fueling economic…

Q: Define protectionism as a policy and describe what a country stands to lose when it enacts such a…

A: In an economy, protectionism is considered bas one of the government policies to influence the…

Q: what are some pros and cons for International Trade from the viewpoint of the developing nation?

A: IT (international trade) refers to the transactions of commodities and services between domestic and…

Q: Does UN have the power and authority over the independent states?

A: In June 1945, four countries led by Britain, China, the Soviet Union, and the United States signed…

Q: When countries do not integrate or join trade organizations, they experience income inequality and…

A: To find : Why companies experience income inequality and low income distribution.

Q: How International economic Problems can be solved by international organizations?

A: We know that Globalisation is the reason of economic prosperity for some countries who were already…

Q: Why do businesses pursue international expansion beyond their domestic markets?

A: Companies go international because they want to expand their operations beyond domestic markets such…

Q: What forces may be at work in giving the Millennium Development Goals such a high profile in…

A: There are 8 goals that can be considered under millennium development goals: 1- Reduction of poverty…

Q: what is the role of each major religion in conducting international business?

A: In worldwide business, religion is a vital component in how worldwide groups cooperate, plan…

Q: Do you think a weaker China is better for the world?

A: Increasing GDP and the economy is the major goal for all the countries in the world. This is because…

Q: What are the advantages and disadvantages of global, bilateral, and regional economic integration?

A: Economic integration refers to an arrangement among nations that typically includes the elimination…

Q: The Nations that are dependent on core countries. O External Areas O Semi-periphery O Periphery

A: Nations that depend on core countries, their main reason for doing that is that they are dependent…

Q: If a nation exported much of its output but imported little, would it be better off or worse off?…

A: Export and Import: The export and import are the two-component international trade. Export includes…

Q: How can we lessen the negative impact of globalization to our nation?

A: Globalization is the term which describes the interdependence of nation for trade of goods and…

Q: How can economic nationalism help our country

A: Economy: An economy is a territory of the creation, conveyance and exchange, just as utilization of…

Q: The following are the neo-liberal economic policies promoted by World Bank and IMF. Which is NOT? A.…

A: World Bank: It is an international organization that was founded in 1944 at Bretton Woods. The…

Q: Developed countries of the world trade mostly with ___ a. Other developed countries ___ b. Less…

A: Developed countries:- Developed countries can be explained as the nation with a high living…

Q: How can our country exercise and retain sovereignty in governance and policymaking to address global…

A: Maintaining the sovereignty of the country is the main duty of the government.

Q: For all of their diversity, less developed countries are linked by a range of common problems. What…

A: Meaning of Poverty or Scarcity: The term scarcity or poverty refers to the situation under which…