International Business Essay

2,500 Word article on ONE of the three following questions 1. Managers need to be aware of the effects of globalization and free trade on both country and the international economy. Some argued that these two events have significantly help develop a country's economy but there are oppositions that claimed that globalization and free trade do not necessarily lead to economic prosperity. Critically discuss whether globalization and free trade have been positive forces towards economic development in East Asia. 2. "When reaching export stage, the growth of domestic demand will decline. Exports of the product have begin to increase and imports decline. The strong exports enable the country to import capital goods for continued expansion of production. Inward FDI becomes significant as the same industry in the advanced country has lost its comparative advantage. and has to relocate to developing countries. As the industry gets into its mature stage, production slows down due to increasing costs and intensified competition from the late-starting countries." FLYING GEESE MODEL Illustrate the flying geese phenomena, using the south east Asian countries as a model. Explain the weakness of the model based on recent events in Asia. 3. "Policymakers throughout the region have commented that the rise of china has contributed to the "hollowing out" phenomenon, with foreign and domestic investors leaving their countries and investing in China instead. This in turn has led to the continued loss of manufacturing industries and jobs, further weakening the vitality of these economies." To what extent would you agree with this statement? All references MUST use the Harvard referencing standard ([login to view URL])