Reference no: EM132924877

1- Argues about the importance of international trade in the global era.

2- How can I explain how the adoption of international trade strategies contributes to the growth of companies and the economy of the countries. Integrate in the response concepts such as: international trade, imports, exports, product life cycle, absolute advantage and comparative advantage.

3- Firms are leaning towards specialization and differentiation of their products and services. How can theories of economies of scale and product differentiation explain market trends?

4- As I explain the theories of the advantage of the first movement and the national competitive advantage. It includes examples from companies and countries that show the adoption of these theoretical assumptions.

5- How can you discuss how countries promote free trade and, in turn, protect the local economy from foreign investment. In presenting the answer as I explain the concepts: tariffs, trade barriers, import subsidy and quota, free trade policies, protectionism, trade deficit and surplus.

6- As I explain how the World Trade Organization (WTO) promotes the global integration of companies and countries.

7- I would like to mention and describe the regional trade agreements of the European Union, USMCA, Mercosur, ASEAN-APEC-TPP). How do I include in the answer the countries that they bring together and what does each agreement consist of?

8- As I explain how knowledge of trade theories and policies helps to understand the environment and develop strategies to face global challenges.