READ AND SUMMARIZE CHAPTER 6 AND 7 OF GLOBAL BUSINESS TODAY 10TH EDITION
Read the following:
Chapter 6: “International Trade Theory”
Introduction
An Overview of Trade Theory
Mercantilism
Absolute Advantage
Comparative Advantage
Heckscher-Ohlin Theory
The Product Life-Cycle Theory
New Trade Theory
National Competitive Advantage: Porter’s Diamond
Chapter 7: “Government Policy and International Trade”
Introduction
Instruments of Trade Policy
The Case for Government Intervention
Journal: Researching Political and Legal Differences
You will not be required to post to classmates in this Journal posting, but it should be original. You will only be graded on your original initial minimum posting of 250 words.
Any business working across borders must be familiar with and take into account the risks present when working in different political and legal contexts.
Checklist:
Using at least two of the resources noted below, select a country other than the U.S. and perform some research about the political and legal differences between your chosen country’s systems and that of the U.S.
In your original Journal entry, share your research, noting at least two political and two legal differences. Describe the difference you think poses the greatest challenge in a business context. Explain why.
Resources:
U.S. Central Intelligence Agency (C.I.A.) World Factbook: https://www.cia.gov/index.html
Michigan State University’s globalEDGE© website: https://globaledge.msu.edu/
The Economist Intelligence Unit© 2017: http://country.eiu.com/AllCountries.aspx
Transparency International: https://www.transparency.org/country
