Principles of Business Assignment

Economics and Global Business Before we begin just a reminder from the "tips for success page", the average submission that receives full credit is around 600 words in length. The links I provide are just a starting point. Search the web for any links you feel add value to your submission and reference them in your work. Chapters two and three are inter-related. The growing dependence on international trade is changing the economic model of our economy. Chapter two is an excellent overview of economics, the foundation of a business system. If you follow the business news you know that we are now in a time of rapid economic change. Bitcoin, political unrest in Iran and Venezuela, tensions with North Korea. All of these issues could have a dramatic effect on our business system and our way of life. There are those who would argue that the US has become too dependent on global economic systems and we are vulnerable to world events beyond our control. Others have the opposite point of view. That it is because of our global competitiveness that we are protected and diversified. I think you will find this weeks website fascinating and a wealth of information. To complete this weeks assignment choose a country from one of the four regions listed below and so some research using the website listed below and any others you may find. Report back on the outlook for international business opportunities. What in your research surprised you. What cultural advise would you give to a first time visitor who is interested in doing business in that country? Finally, conclude your response by answering the questions listed below. Yes, I know this is a lot this week, but a solid foundation in global business is a must for the future. Don't be afraid to go into detail in your responses. Mt. Sac's server has plenty of disk space left. Asia Africa Europe South America Featured Link: http://globaledge.msu.edu/ (Links to an external site.)Links to an external site. In addition to your countries profile answer the following questions: 1. Has global business improved the standard of living in America? 2. Have all members of our society benefited equally? Have middle class citizens benefited from the global economy as much as the upper class? 3. What about the rest of the world? Has shipping labor overseas benefited the workers in under developed nations? Use personal beliefs, web links and the text to support your opinions. 4. If you work, does your company engage in international business. If so how? Are there any opportunities you feel they should be capitalizing on.