BUSA 100 Lecture Notes - Lecture 10: Fundamental Interaction, Advantageous, Clean Technology
Document Summary
Unique competitive advantage sustainable adapt and change. World is going global and new trade paradigm is emerging. Competitiveness equation for canadian has moved from one local efficiency and productivity to one that also encompasses foreign companies. Paradigm shift and dynamic, implications for international financial intermediation edc is evolving to adapt new international trade. The world is flat argues that world has become smaller (more internationally connected) events such as fall of berlin wall, invention of software, work-flow technology, cables, connects the world globalize! Economics is about process of specialization fundamental force that underlies. Flat world expands set of possible production partners to include low-cost foreign manufacturers globalized production permits greater specialization. Offshoring may be costly depends on transportation and other costs. Although some jobs are lost, more high paid jobs, more competitive, more sales, more international trade (supply trade and sales trade) Integrative trade integrates both export trade and supply trade as well as foreign direct investment flows .
