Transportation: A Global Supply Chain Perspective
8th Edition
ISBN: 9781133592969
Author: John J. Coyle, Robert A. Novack, Brian Gibson, Edward J. Bardi
Publisher: Cengage Learning
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Chapter 1, Problem 9SQ
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To determine: The reasons why economic integration associated with globalization provide opportunities for more widely dispersed development and the major hurdles to such integration.
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In recent years, globalization has been a hotly debated topic, with proponents arguing that it has led to increased economic growth and opportunities, while opponents claim that it has widened inequality and caused environmental degradation. With this in mind, consider the following questions:
1.How has globalization affected the economy of a particular country or region, and what have been the social and environmental implications of this process?2.What are the main drivers of globalization, and how have they evolved over time?
How does Canada rank in terms of its degree of globalization? (Long Answer)
Critically discuss at least four negative effects of globalization and how these effects have affected a country?
Chapter 1 Solutions
Transportation: A Global Supply Chain Perspective
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- discuss at least four negative effects of globalization and how these effects have affected a country?arrow_forwardWith the emerging age of trade together with the drawback of transactions due to the global pandemic, what can be the current status of the US amongst other countries?arrow_forwardThe economic argument for trade between and within regions and countries has been provided as absolute and comparative advantage theories. Make a comparison and distinction between the two terms. Which of the two factors do you believe is more significant in understanding global trade development over the last 25 years? What is the reason for this?arrow_forward
- How does globalization affect a country's competitive advantage?arrow_forwardWhat are the pros and cons of market entry strategies of exporting, foreign direct investment, and collaborative arrangements (such as joint ventures or licensing) as methods for solar vehicles powered to enter India?arrow_forwardProvide at least two (2) examples/case studies of international modes of entry utilized by multinational corporations in the USA that have succeeded or failed.arrow_forward
- What is your opinion on economic globalization - do you think it is entirely negative or do you believe it is a necessary evil? And why do you hold this view?arrow_forwardRegional Economic Integration (REI) is a process in which neighboring states enter into anagreement in order to enhance cooperation through common institutions and rules. Intraregional trade refers to trade which focuses on economic exchange, primarily betweencountries of the same region or economic zone. REI has enabled countries to focus on issuesthat are relevant to their stage of development as well as encourage trade between neighbours.There are four main types of REI namely Free Trade Area (FTA), Customs Union, CommonMarket, Economic Union, and Political Union. The complexity of the REI increases as we movefrom FTA to a Political Union. The ASEAN Free Trade Area (AFTA) [1] is a trade blocagreement by the Association of Southeast Asian Nations supporting local manufacturing inall ASEAN countries. When the AFTA agreement was originally signed in 1992, ASEAN hadsix members, namely, Brunei, Indonesia, Malaysia, Philippines, Singapore and Thailand.Vietnam joined in 1995, Laos and…arrow_forwardRead the abstract below Unpacking the possibilities of deglobalisationBy Finbarr LiveseyAbstractThe interpretation of the global economy has been framed as an inevitable journey towards ever greater integration—astory of hyper-globalisation. This article discusses the nature of manufacturing to understand whether this interpretationholds and to investigate the possibility of deglobalisation at the level of physical goods trade in the coming decades, andwhat that may imply for other non-physical elements of globalisation.IntroductionThe framing we use for our research and commentary on contemporary affairs affects the questions we ask and theassumptions we bring to providing analysis and advice to government. The current framing of globalisation, trappedbetween the rough economic nationalism of President Trump and the zeal of those who believe globalisation is almost amoral imperative, is obfuscating the changes that are happening in the global economy. Specifically, the heat and…arrow_forward
- Read the abstract below. Unpacking the possibilities of deglobalisationBy Finbarr LiveseyAbstractThe interpretation of the global economy has been framed as an inevitable journey towards ever greater integration—astory of hyper-globalisation. This article discusses the nature of manufacturing to understand whether this interpretationholds and to investigate the possibility of deglobalisation at the level of physical goods trade in the coming decades, andwhat that may imply for other non-physical elements of globalisation.IntroductionThe framing we use for our research and commentary on contemporary affairs affects the questions we ask and theassumptions we bring to providing analysis and advice to government. The current framing of globalisation, trappedbetween the rough economic nationalism of President Trump and the zeal of those who believe globalisation is almost amoral imperative, is obfuscating the changes that are happening in the global economy. Specifically, the heat and…arrow_forwardWhy China has competitive advantage in exporting Rubber Shoes and Bangladesh in exporting Garments?arrow_forwardGiven the arguments relating to the new trade theory and strategic trade policy, what kind of trade policy should business be pressuring government to adopt? What are the economic and political arguments for regional economic integration? Given these arguments, why don't we see more substantial examples of integration in the world economy?arrow_forward
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