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Context 1
Over the past few decades, globalization has thrived and contributed to economy well being of global economies. The benefit of globalization has been one of the bedrock of economy growth until the recent crisis of Covid19. Many countries have reverted back to local economy system and would likely undertake more measures to ensure prioritization of resources internally rather than on a global scale nature of economy integration. Supply chain has been disrupted and worst, totally cut off from global sourcing.
Evaluate the above on the consequences of protectionism policy on multinational corporation and make suggestion(s) as to how multinational corporations can avert such a development with new normal type of business practices that would allow their business to remain competitive.
Hint: Consider the business practices of Chapter 10 China Noah case studies. Other innovative suggestions are very much welcomed.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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