Global Business

Answer 1International trade is the exchange of goods and services between countries . Countries atomic number 18 not self sufficient in that respectfore they tend to swan on international trade for the fulfillment of some of their unavoidably which they cannot produce locally or because they do not energize a comparative profit in those goods . Similarly in the 1990 s and 2000 the essential nations shifted the production of hardware components of PC s to the developing nations , this is because the constitute of producing those components was cheaper in those nations relative to the United States and due to this US could specialise and emphasis more on the core activities such as final assembly and production of high value components . correspond to the international theory the implications for such outsourcing on the economic produce of the developed nations is positive .

This is because the developed nation can at one time specialize on the areas where they have a comparative advantage over other countries and focus more over in that respect . They do not have to waste their limited resources on producing something at a higher cost when they are acquire it for a lower price . In this way there is pass to be employment opportunities for the workers in the area of specialness . Since the nation is specializing therefore the output of this sector of the economy is going to increase . Over all there will be an upward trend in the economic growth of the developed nationAnswer 2The experience of the United States in the...If you want to get a full essay, order it on our website: Orderessay

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