Importance of international trade in the global era

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1. What is the importance of international trade in the global era?

2. How has the adoption of international trade strategies contributes to the growth of companies and the economy of countries? While integrating the concepts such as: international trade, imports, exports, product life cycle, absolute advantage and comparative advantage.

3. Firms are leaning towards specialization and differentiation of their products and services. How can theories of economies of scale and product differentiation explain market trends?

4. What are the theories of first-move advantage and national competitive advantage? It includes examples from companies and countries that show the adoption of these theoretical assumptions.

5. How has countries promote free trade and, in turn, protect the local economy from foreign investment? Using the concepts: tariffs, trade barriers, import subsidy and quota, free trade policies, protectionism, trade deficit and surplus.

6. How the World Trade Organization (WTO) promotes the global integration of companies and countries?
7. Describe the regional trade agreements of the European Union, USMCA, Mercosur, ASEAN-APEC-TPP). It must have the countries that these bring together and what each agreement consists of.

8. How has the knowledge of trade theories and policies helps to understand the environment and develop strategies to face global challenges?

Reference no: EM133053024

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