How is globalization changing global business

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Reference no: EM133950540

Questions:

1. How is globalization changing global business? Write your answer using concepts and theories discussed in class.

2. Name and describe three economic systems. Which economic system is the most common and why?

3. What are the key characteristics of a high-income country? What are the challenges and business opportunities in high-income countries?

4. Do political factors (laws, regulations, quality of institutions, political stability/instability) increase/decrease the competitive advantages of corporations or business organizations? Explain your answer by citing examples.

5. What is culture? Why is understanding culture important for international business? Write your answer using concepts and theories discussed in class.

6. How does national culture influence corporate culture? Write your answer citing examples.

7. What is mercantilism? Why are mercantilist mindsets still existing among politicians as well as ordinary citizens?

8. Discuss the concept of absolute advantage OR relative advantage by using a graph and citing examples.

Reference no: EM133950540

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