MGM102H5 Chapter Notes - Chapter 5: Foreign Direct Investment, Government Debt, World Trade Organization
Document Summary
Ongoing commitment to international trade system: need for countries to commit to the trade policies and agreements overseen by the. Bric countries = brazil, russia, india, and china will continue to lead and grow. Domestic economic growth and high levels of government investment in infrastructure and social benefits will be key drivers of this growth: economic specialization. Use of technology and supply chain logistics will continue to act as primary drivers of market approach: effects of global financial meltdown of 2008. Greater fiscal and financial regulation will result in tighter credit markets and lead to overall slower pace of global economic growth: energy prices. Oil prices will continue to increase and demand for energy will increase. Create new challenges for businesses, especially where supply chain and distribution costs represent sizeable portion of their cost base. However, alternative sources of energy are continuing to grow as well: u. s + china = critical to global health.
