Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Define and describe the major objectives of the World Trade Organization (WTO) and the international economic communities.
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- FDI, outsourcing, and the theories and practice of international trade were highlighted this week, among other topics. For this week’s discussion, assess the USCMA agreement formerly known as NAFTA, paying specific attention to the agreement between the U.S. and Mexico. Evaluate the current state of U.S. border security, and explain whether it has changed the objective of removing barriers to cross-border flow of services or not. Justify your reasoning.Also, select an article that describes the recent and previous USCMA agreements. Explain their implication on either the United States’ global competitiveness or economy.arrow_forwardWhat is the World Trade Organization and what is its mandate?arrow_forwardDescribe how free market features could be introduced to help alleviate the use of illegal drug through free market operations of supply and demand.arrow_forward
- The following is not an effective tool in government's intervention in international trade: Tariff Quota CIF Subsidyarrow_forwardhttps://uncitral.un.org/ Visit the website of the United Nations Commission on International Trade Law.Links to an external site. Indicate when and why UNCITRAL was created Indicate the main activities of UNCITRAL and the working groups into which it is divided.arrow_forwardDiscuss the legal and regulatory framework for international trade and business transactions, including the World Trade Organization (WTO), international trade agreements, and the resolution of international business disputes.arrow_forward
- Recommend Potential partnerships or alliances tha the fish and fish products exporting company should pursue to persue to enhance its market presence and operational efficiency in the european marketarrow_forwardexplain economic protectionism and how it affects our global economies. Give at least 2 specific examples.arrow_forwardVarious parties occasionally call for import limits or levies on foreign produced items , most notably automobiles, so how these likely to be beneficial or harmful ?arrow_forward
- Explain the economic and political environment which effect international business.arrow_forwardHow do tariffs and quotas protect a country's own industries?arrow_forwardHow to explain trade agreements that regulate business transactions and the appropriate processes for resolving international business disputes?arrow_forward
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