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Domestic and worldwide business challengers: Drivers of globalization - techonological impact scientific mixture particularly the dramatic developments in recent years in communication, information processing and transportation technologies. The lowering of swop barriers make globalisation of markets and production a theoretical possibility; proficient change made it a tangible reality. Major Technological Advancements Microprocessors and telecommunications The Internet and the World Wide Web Transportation technology Implications of Globalisation for Production Improvements in transportation technology have enabled firms to better respond to international customer demands Political and economic reasons for government interventions in international tack There are two types of arguments for government intervention: political & economic * Political arguments are concerned with defend the interests of certain groups within a nation (normally producers), often at the expense of other groups (normally consumers).

Political arguments for interventions are includes, Protecting jobs and industries, guinea pig security, Retaliation, Protecting consumer, and Furthering foreign policy objectives * Economic arguments are typically concerned with boosting the overall wealth of a nation (to the avail of all, both producers and consumers). Economic argument for interventions are includes The infant exertion argument and Strategic trade policy Trade theories - compare and crinkle different trade theories Free trade Refers to a smirch where a government does not attempt to influence by means of quotas or duties what its citizens can buy from another country or what they can produce and sell to another country. Objectives of Theories of international trade To explain the observed patterns of international trade To determine the impact of trade on economic growth To determine the impact of trade on the rest of the economy... If you want to get a full essay, rewrite it on our website: Orderessay

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