Describe the world trade organization and its role in

Question

Discussion Questions

1. Describe the two main facets of globalization. Explain how each of these components of globalization has helped create the shift towards a more integrated world economy.

2. Describe the World Trade Organization and its role in international business?

3. What is meant by the term "political system?" What are the two related dimensions by which a political system can be assessed?

4. Describe the three main legal systems, and for each, give an example of a country that uses such a system.

5. Describe what is meant by the term "culture?" Differentiate between the terms culture, values, and norms.

6. What are some of the similarities between Islam and Christianity as they relate to the practice of business?

7. Identify the most common ethical issues that may arise in the international business setting. Discuss the roots of these issues. Discuss how managers of international firms should address such issues.

8. When does free trade occur?

9. Describe what is meant by first-mover advantages?

10. What is a tariff? Describe the difference between specific tariffs and ad valorem tariffs.

11. What is a subsidy? Provide some examples of the forms that subsidies take. How do subsidies help domestic producers?

 

Answer 1

Discuss the following questions illustrated below in an essay format using Times New Roman font by following all APA rules. Q1. Illustrate the two major facets of globalization. Describe how each of such components of globalization has helped in making the shift towards more integrated world economy. Q2. Illustrate the World Trade Organization and its major role in international business? Q3. State the meaning of the term political system? Write two related dimensions through which a political system can be evaluated? Q4. Illustrate the three major legal systems, and for each, provide an illustration of a country which employs such a system. Q5. Illustrate what do you mean by the term ‘culture’? Distinguish between the terms culture, values & norms. Q6. Write down some of the similarities between the Islam and Christianity as they associate to the practice of business?