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OMGT2246-Global Trade Operations

Question

Answered

Part A

Answer all the following questions. Each question is worth 5 marks making a total of 30 marks for Part A.

1.How blockchain technology affect international business activity?

2.Mercantilism is a bankrupt theory that has no place in the modern world. Discuss.

3.How a company make strategic use of countertrade schemes as a marketing weapon to generate export revenues? What are the risks associated with pursuing such a strategy?

4.The World Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT) have played a significant role for the last half century in negotiating trade agreements between countries. But the fears of trade war led to WTO relevance under question. So, could the world survive without the WTO as President Trump suggests? What does the WTO actually do? And how big of a threat is it under?

5.What does import quotas and local content requirement mean for importing

economies? What does it mean for exporting countries?

6.Outline the various stages of regional economic integration and the relationships between them. Discuss the levels of integration achieved within ASEAN, the CER group, the EU and NAFTA

Part B

Write an answer on any two (2) of the following three topics. Each question is worth 10 marks, making a total of 20 marks for Section B.

1.. A medical supplies firm is considering how best to supply the world market for personal protective equipment used in standard infection control precautions. A manufacturing plant costs approximately A$2 million to construct and requires a moderately skilled workforce. The total value of the world market for this product over the next 10 years is estimated to be between A$50 billion and A$70 billion range. The tariffs prevailing in this industry are currently low. Should the firm favour concentrated manufacturing or decentralised manufacturing? What kind of location(s) should the firm seek for its plant(s)?

2.A firm based in Victoria wants to export a shipload of food grains to the China. The Chinese importer cannot get sufficient credit from domestic sources to pay for shipment, but insists that the grains can quickly be resold in the China for a profit. Outline the steps that the exporter should take to effect this export to the China?

In global marketplace, multinational firms have to choose a strategy to remain competitive. Over the time period, the firm may choose to change its strategy. What are the factors that contributed to the selection of the firm strategy? what are the most important challenges that the firm is likely to face in changing the strategy? How can the firm overcome these challenges?

 

OMGT2246-Global Trade Operations

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HS6000 Introduction to Health Economics

Task This component is intended to assess the following outcomes: Discuss fundamental concepts in health economics, e.g. supply and demand, competition and markets, economic evaluation, and distributive justice in health care. Critically examine the different models of health care finance in te ...

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M018CL-Managing International Trade

Tasks Report must base on the following: • Select an Asian firm who is planning to make its first entry into the China. • Study the current opportunities and challenges presented in this operating environment. • Investigate which is the best mode of entry this Asian firm should ad ...

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