Discuss how free trade improves global efficiency

Reference no: EM133504012

Assignment: Brazil Denmark Japan & New Zealand Competitive Analysis Presentation

Instructions: The 4 countries will be based on Canada, Switzerland, the Netherlands, and the United Kingdom.

A. Identify four countries with a Natural Advantage in the production of particular products because of their given climatic conditions, access to particular resources, the availability of labor, etc.

B. In a short response essay, describe each country's competitive advantage using Porter's Diamond of National Advantage.

C. Understand historical and current reasons for interventionist trade theories.

D. Identify production factors and why they move globally.

E. Discuss how free trade improves global efficiency.

F. Recognize how complex products and trade regulations may affect the future.

G. Understand why governments restrict and promote trade.

The PowerPoint:

Facets of the Diamond.

A. Demand Conditions

• The nature and level of demand in the home market lead to the establishment of production facilities to meet that demand.

B. Factor Conditions

• Resource availability (inputs, labor, capital, and technology) contributes to the competitiveness of both firms and countries that compete in particular industries

C. Related and Supporting Industries

D. The local presence of internationally competitive suppliers and other related industries contributes to both the cost-effectiveness and strategic competitiveness of firms.

E. Firm Strategy, Structure, and Rivalry

• The creation and persistence of national competitive advantage requires leading-edge product and process technologies and business strategies.

Reference no: EM133504012

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