• In 2017 Thomas Freedman made the following statement in the World is Flat. "Whatever ourpolitical and emotional reaction to free trade may be, that ship has clearly sailed and, in today'sbusiness environment we have no option but to adapt to a Flat World." "Whatever our political andphilosophical points of view may be, we have little option but to adapt to the global economy."Do you agree or disagree? What is the reason for your answer?

Thomas Friedman popularized the idea of a flat world in his book "The World Is Flat" published in…

Answered: In 2017 Thomas Freedman made the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Similar questions

If you owned a business and you decided that it was time to expand globally, what globalization strategy would you consider? Why?
Explain the moral dilemma of doing business in China. Do companies have a moral requirement to opt out of the market, despite its size, if doing business in China requires companies to compromise their ideals?
Dental care is a growing concern in emerging markets. Jeff's Toothbrushes is an American dental appliance company that is looking to expand internationally. It currently supplies several European and Asian countries an expanding line of dental care products, including toothbrushes, toothpaste, and mouthwashes. Hearing about this thing called global shift from the established Western to emerging economies, along with the growing purchasing power of the base of the pyramid, the CEO of the company has asked his senior executives to investigate the practicality of designing products for consumers in poorer regions of emerging markets; specifically, the company in looking at rural zones in Southeast Asia, notably India, as well as several sub-Saharan markets. On one side, several senior executives believe that if the company can develop a product line that effectively meets these customers' health and economic circumstances, it can look forward to accelerating sales growth.…
Explain how Globalization 3.0 (Thomas Friedman) affects the business and trade.
Is the Current USA trade policy protectionist? Explain with examples why or why not?
Do you agree or disagree with the discussion below: Antitrust laws in the United States, such as the Sherman and Clayton Act, are designed to promote competition and prevent anticompetitive behavior in the marketplace. These laws generally prohibit agreements, contracts, or combinations that restrain trade or suppress competition.Pooling agreements among local cranberry growers could raise antitrust concerns if they have anticompetitive effects, such as reducing competition among cranberry producers or increasing consumer prices. However, the legality of such agreements depends on various factors and is a matter for legal authorities to assess.It is important to note that not all agreements to pool resources or coordinate production are automatically considered violations of antitrust laws. Some collaborative efforts may be permissible under antitrust laws if they promote efficiency, innovation, or other pro-competitive benefits.To determine whether the cranberry growers' agreement…
Given the arguments relating to the new trade theory and strategic trade policy, what kind of trade policy should business be pressuring government to adopt? What are the economic and political arguments for regional economic integration? Given these arguments, why don't we see more substantial examples of integration in the world economy?
What are some of the reasons why globalization and free trade are being critized? do you think that free trade is helping all countries? why or why not
What types of situations might prompt the U.S.government to implement protectionist measures?
Globalization is not a new phenomenon. Select your favorite product produced by a global organization. Provide a brief description of the product and the organization that develops the product. What are the advantages and disadvantages of the product sold internationally? What would be the advantages and disadvantages of the product being sold solely in the United States? Has your definition of globalization changed from before reading chapter one and answering these questions of a favorite product, or is your definition the same? Please explain.
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10. Why countries choose to enter into Free Trade Agreements such as the U.S. Mexico Canada Agreement, or USMCA? What are the benefits of a membership in the Free Trade Agreements?

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