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MGMT1005 Introduction to Global Business

Question

Answered

Questions:

Q1)Discuss the effectiveness of the Human Development Index (HDI) as an economic development measurement tool. In your answer outline other economic development measurement methods and discuss why or why not you consider these to be more effective. Use examples where appropriate.
 
Q2)Should governments intervene in trade? In your answer outline if government interventions have been positive or negative for trade? In your answer use examples where appropriate.
 
Q3)Consider the major trade theories (i.e. mercantilism, absolute advantage, comparative advantage, factor proportions theory, international product lifecycle theory, new trade theory and national competitive advantage theory). Do you consider any to be effective at predicting international trade patterns? Why/why not?
 
Q4)China’s leadership of the One Belt, One Road initiative (OBOR) is a critical trade strategy for China moving forward. Some countries have embraced the opportunity with China while others have not been interested e.g. India. Considering the economic, political, legal and environmental impacts of OBOR do you consider India’s decision to be a good one? Why/why not? In your answer consider the risks for countries which are formally a part of the mega project.
 
Q5)Discuss the implications of BREXIT with regards to regional economic integration in Europe. Do you consider this a positive or negative action for international business? In your answer consider the short-term and long-term impacts.
 
Q6)You are an economic consultant. The government wishes to renegotiate all major trade deals so that they are “winning the deal”. You have been asked to provide reasoning that trade is not about “winning the deal” but should benefit both sides. Outline your key arguments as to the drawbacks and benefits of trade restrictions. In your answer use examples where appropriate.

Q7)A major challenge facing international business across foreign markets is the impact on workers, especially in the areas of fair wages, child labour, working conditions, working hours, and freedom of association. Discuss the relationship between meeting legal requirements and “appropriate” ethical behaviour and the impact on workers. Use relevant ethical theories and examples where appropriate?
 
Q8)Outline the importance of the role of government when considering the effectiveness of trade theories. In your answer consider whether you think the role of government is necessary to be included in trade theories. Discuss and justify which trade theory you consider to be the most representative for the role of government?

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mgmt501 Organizational structure

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