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2025-02-18 12:06本頁面
【正文】 eC h i n aEn tr y a n d e x p a n s i o n p l a n so u ts i d e h o m e r e g i o nManufacturing: top 5 destinations over the next three years (source: Deloitte Research, 2023) North America Western Europe FUNDAMENTAL CHANGES IN THE ECONOMIC ENVIRONMENT Drivers of Globalisation ? DEVELOPEMNT OF THE WORLD TRADING SYSTEM – GATT General Agreements on Tariffs and Trade treaty signed for the free flow of goods and services between nations – WTO World Trade Organisation policing international trade. ? INCREASED INTERNATIONAL COMPETITION – panies under attack in their home markets seek gains elsewhere. ? LIBERALIZATION/PRIVATIZATION OF STATE MONOPOLIES AND SPREAD OF FREE MARKET ECONOMICS Drivers of Globalisation Economic Environment of IB The spread of market based systems Drivers of Globalisation The spread of market based systems ?Market Economy – productive activities are privately owned the role of the government is to encourage fair petition which promotes efficiency and entrepreneurship. Should lead to economic growth. – no state control over prices or quantity. {Supply Demand} 187。 What do you think the government’s attitude to Foreign Direct Investment (FDI) is under this model? ?Centrally Planned Economy – prices quantities are planned by the government This model is consistent with a collective ideology and the belief that the government should allocate resources for the good of society. Often leads to inefficiency – are government in a position to make the best decisions for society and business? 187。(World Trade Organization) ? Used trade negotiations ‘rounds’ to gradually reduce trade barriers and set up a generalized system of preferences. Development of the World Trading System: Tariff Reduction Source Hill (2023) International Business 6th ed ? Umbrella anization for: – GATT rules originally only applied to manufacturing good now extended to trade in services and intellectual property ? Responsibility for trade arbitration: – After appeal, fail to ply with WTO report can result in pensation to injured country or trade sanctions. 9 of 10 disputes satisfactorily settled. 104 disputes brought to WTO in first three years. Only 196 handled by GATT during its 50 year history. ? WTO in 2023 – Doha round of negotiations continues… Agr
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