International Business Environment: About the merits of globalisation, the role of WTO in world trade, emerging and transition economies (China and Eastern Europe) and trade liberalisation

Essai , 2006 , 13 Pages , Note: 64 % - B

Gestion d'entreprise - Politique économique

Following questions will be answered:

Analyse the merits of globalisation in terms of their benefits to countries?

It is said that ‘Trade Liberalisation is generally supported by governments’, but many barriers still exist. Discuss why this is the case?

In context of emerging economies (i.e. China) or transition economies (i.e. Eastern Europe), explain how they can benefit from foreign direct investment (FDI)?

Critically evaluate the role of the WTO within world trade and international competition?

Inhaltsverzeichnis (Table of Contents)

• Question 1: Analyse the merits of globalisation in terms of their benefits to countries?
• Question 2: It is said that 'Trade Liberalisation is generally supported by governments', but many barriers still exist. Discuss why this is the case?

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This assignment analyzes the merits of globalization and its impact on countries, exploring the benefits and drawbacks of this global phenomenon. It also examines the reasons behind the persistence of trade barriers despite the general support for trade liberalization by governments.

• The benefits and drawbacks of globalization for different countries
• The role of international organizations like IMF, World Bank, and WTO in promoting globalization
• The impact of globalization on poverty, economic growth, and employment
• The arguments for and against trade liberalization
• The reasons behind governments' protectionist policies

Zusammenfassung der Kapitel (Chapter Summaries)

Question 1: Analyse the merits of globalisation in terms of their benefits to countries?

This chapter defines globalization and discusses its multifaceted impact on countries. It highlights the benefits of globalization, such as economic growth, poverty reduction, and increased productivity, while acknowledging the negative effects, including job losses in developed countries and social adversity in developing countries.

Question 2: It is said that 'Trade Liberalisation is generally supported by governments', but many barriers still exist. Discuss why this is the case?

This chapter explores the concept of trade liberalization and the reasons behind the persistence of trade barriers. It discusses the arguments in favor of free trade, such as increased competition and innovation, while analyzing the motives behind government protectionist policies, such as protecting domestic industries and supporting specific sectors.

Schlüsselwörter (Keywords)

The key themes and concepts explored in this assignment include globalization, trade liberalization, economic growth, poverty reduction, employment, protectionism, tariffs, quotas, and international organizations like IMF, World Bank, and WTO.

• Université: University of Sunderland
• Note: 64 % - B
• Auteur: Miriam Mennen (Auteur)
• Année de publication: 2006
• Pages: 13
• N° de catalogue: V145498
• ISBN (ebook): 9783640568741
• ISBN (Livre): 9783640569151
• Langue: anglais
• mots-clé: merits of globalisation, role of the WTO, trade liberalisation, Porter’s diamond of the determinants of national advantage, emerging economies, trasition economies, foreign direct investment