Reference no: EM131527602
This assignment will assess the following learning outcomes:
1. An understanding of a variety of intemational environmental effects on business.
2. An analysis of the impact of uncertainty on international business behaviour.
3. Demonstrate independent learning in preparation for assignment
Assignment International Business
The data shown below reflect the growth of world merchandise trade (exports) for the period 1870-2007 Critically analyse the facts and respond to the four tasks enumerated below:
The rapid growth of world trade over the last century reflects, at least in part, the fact that nations have become more inteitelated as they attempted to gain the benefits of free trade. The table below compares the relative growth of world output from 1870 to 2007. It shows that the growth rate of world merchandise trade (exports) has exceed the growth of world output (GDP) in four of the five periods. The post-Second World War period (1950-73) saw an unprecedented growth of world trade which far outstrippet the growth of world production (Wall, S. & Ress, B., 2010).
Growth in world GDP and merchandise trade 1870-2007
|
1870-1900
|
1900-13
|
1913-50
|
1950-73)
|
1973-2007
|
GDP
|
2.9
|
2.5
|
2.0
|
5.1
|
3.0
|
Trade (exports)
|
3.8
|
4.3
|
0.6
|
8.2
|
5.1
|
Source: Adapted from WTO, International Trade Statistics (various) and Annual Reports (various) Given the information above:
1. Discuss the two types of trade flow that underlie the recorded growth in world trade.
2. Select one type of trade flow, and apply it to the country of your choice that is currently involved in world merchandise trade.
3. Provide the country's 5-year net export figure (2010-2015):
a. Evaluate its performance based on the given data and discuss whether the balance of trade is a "favourable" surplus (exports exceed impods) or an "Sourable. deficit (imports exceed exports) to the domestic producers and domestic consumers.
b. Examine its effect on the country's gross domestic product (GDP). Show the actual relationship, with figures and chart.
4. Determine the measure/s to sustain a positive net export or methods to restrict the level of imports that when left unabated will lead to realising a negative net export.
(Note: the method may be against the essence of free trade, in this case, come up with justification/s for the use of such a method).
What is the amount debited to accounts receivable
: Enid Co., a women's clothing store, purchased $7,500 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. Enid Co. returned $1,200.
|
Outline labor costs and service costs for suggested design
: Outline the labor costs, equipment costs and service costs for your suggested design in table format. Suggest LAN and Wireless LAN (WLAN) wiring considerations.
|
Discuss the importance of standardization
: Discuss the importance of "standardization" (coins, stamps, language, etc.) in that unification.
|
Journalize entries to record transactions of daffodi company
: Mar. 1 Purchased merchandise from Fastow Co., $16,000, terms FOB destination, n/30.
|
Intemational environmental effects on business
: An understanding of a variety of intemational environmental effects on business and an analysis of the impact of uncertainty on international business behaviour.
|
Explain how crowding out works
: 1) Explain how crowding out works, using the one-period model as an example.
|
Journalize the march transactions for snyder company
: Mar. 1 Snyder Company sold merchandise on account to Brooks Co., $12,750, terms FOB destination, 2/15, n/eom. The cost of the merchandise sold was $6,000.
|
Indicate the effects of the inventory misstatements
: Following are descriptions of two independent situations that involve inventory misstatements. Saunders Corporation On December 30, 2006, Saunders Corporation.
|
Distributed systems perspective
: Please discuss how the distributed systems perspective of our case study of the Internet from class match up to the tenants of transparency.
|