World of international business

Reference no: EM131007427

Your friend James is an exchange student from an underdeveloped country. He comes from a privileged family that's influential in the government, but the bulk of the nation's population is very poor despite the fact that the people are frugal and hardworking. James is an idealistic young man who intends to return home after his education and spend his life working to improve the economic condition of his country and its people. You met him for lunch yesterday and noticed that he was unusually excited. He told you he's taking a theoretical economics course and has been studying Ricardo's Theory of Comparative Advantage, which he now feels is the answer to his people's problems. He intends to return home a staunch advocate of free trade and attempt to get his government to open the nation's borders to investment by any multinational companies that are interested in doing offshore production there. Write a short paragraph for James discussing globalization and explaining why his government should be cautious as it enters the world of international business.

Reference no: EM131007427

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