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Author Question: What are the four major changes in the world output and world trade picture that have occurred over ... (Read 89 times)

RODY.ELKHALIL

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on: Jul 6, 2018
What are the four major changes in the world output and world trade picture that have occurred over the last few decades?
 
  What will be an ideal response?

Question 2

Which of the following does not represent an environmental force for change?
 
  A) Technology
  B) Market forces
  C) Change in CEO
  D) Social trends


meryzewe

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Reply #1 on: Jul 6, 2018
Answer to Question 1

Four major changes in the world output and world trade picture occurred during the last few decades. First, the United States no longer dominates the world economy. Second, large U.S. multinationals no longer dominate international business. Third, the centrally planned communist economies that made up roughly half the world suddenly became accessible to Western businesses during the late 1980s. Finally, the global economy has become more knowledge-intensive and national barriers to labor markets are falling. This means that a growing number of firms consider the entire world their labor market, and companies now hire talent wherever it may be found.

Answer to Question 2

C


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