Business Administration 4440Q/R/S/T Study Guide - North American Free Trade Agreement, World Trade Organization, Productive Efficiency
19 Apr 2014
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Suggested answers to end-of-chapter questions: discuss the three major trends that have prevailed in international business during the last two decades. Answer: the 1980s saw rapid integration of international capital and financial markets. Impetus for globalized financial markets initially came from major countries where foreign exchange and capital markets were significantly deregulated. The economic integration and globalization that began in the. Privatization is the process by which the state divests itself of the ownership and operations while turning to the market system. Lastly, trade liberalization and economic integration continued to proceed at both the regional and global levels such as the north. American free trade agreement (among canada, the united states and mexico) and a strengthened. Answer: in the absence of barriers to trade, market forces provide incentives for countries to organize the production of traded goods to their mutual economic benefit.
