Discuss countries promote free trade

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Reference no: EM133292694

Assignment:

Answer the following questions with five sentences or more:

1- Explain what the theories of first-mover advantage and national competitive advantage are for you. It includes examples of companies and countries that show the adoption of these theoretical assumptions.

2- Discuss how countries promote free trade and, in turn, protect the local economy from foreign investment. When presenting your answer, explain the concepts: tariffs, trade barriers, subsidy and import quota, free trade policies, protectionism, trade deficit and surplus.

3- Explain how the World Trade Organization (WTO) promotes the global integration of companies and countries.

4- Mention and describe the regional trade agreements of the European Union, USMCA, Mercosur, ASEAN-APEC-TPP). It includes the countries that these bring together and what each agreement consists of.

5- Explain to you how knowledge of trade theories and policies helps to understand the environment and develop strategies to face global challenges.

References:

Varma, S. (2019). Fundamentals of international business (4.a ed.). Pearson Education India.

Reference no: EM133292694

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