International Business Environment

Question 1
a. Describe the shifts in the world economy over the past 30 years. What are the implications of these shifts for international businesses based in Great Britain? North America? Hong Kong? (25 marks)
b. How have changes in technology contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes? (25 marks)
c. If current trends continue, China may be the world’s largest economy by 2020. Discuss the possible implications of such a development for (a) the world trading system, (b) the world monetary system, (c) the business strategy of today’s European and U.S.-based global corporations, and (d) global commodity prices. (25 marks)
d. Globalisation is undoubtedly a good thing. Discuss. (25 marks)