Joseph Barnes
Professor McCormick
MKTG 4341. 01
14 December 2016
Final Exam
1.
To start things off, globalization is most definitely irreversible and at the point of where
the world’s society is at, trading will continue to grow and become even more global.
There is no changing that.
Chinese Premier Li Keqiang came out with those comments in
reply to Donald Trump’s verbal devotion to put an end to Trans-Pacific Partnership trade
group, in which took seven years to complete, just in one day in office. As all loud and
dandy that hoopla might be, it simply can’t actually come about as all nations’
economies, especially here in the U.S., rely way too much on globalization, it is simply
where we have put ourselves. Trump might be able to give more incentive and promote
for more “in house” production and trading within our borders but will never be able to
completely dismiss global trade and relations. Consumer differences amongst all the
different nations are pretty diminished and don’t vary as much due to the influence of the
internet making it so easy to connect from far away in addition to the movement and
immigration of people from one nation to another happening so frequently in today’s
world. The competition is too hot and countries will always look for the upper hand in
business growth and to be able to do that, you have to be able to have a major impact
internationally. And if the US is excluded from these trade arrangements, it will put a
major stump in their exportations. You already have seen in recent years, China take the
lead over the US but you just might start to see other nations such as Japan, India and
Germany top them as well. This will hinder the ability for US corporations to put an
impact and develop their business in fast growing nations. Certain tariff barriers could
call for major failure in these big businesses as it will change the costs of exportations big
time. It will slow down the rapid output of billions of dollars of goods the US are
shipping out daily. According to the US office of Trade Rep
, certain U.S. auto parts
