Misunderstanding about GRC/increase in regulatory compliance. Top management executives don’t know or understand the concept of GRC (governance, Risk Management, Compliance) for IT governance, information security government and corporate governance.Increasing incidence of espionage and corporate fraud. Enemy countries have often engaged in espionage missions to each other. Cyber security threatsat inter-national level are called “Cyber Welfare” and have been carried out with the objective of gaining strategic advantage in political disputes, Cyber warfare techniques include Information Operation (IO), Information Assurance (IA) and Computer Network Operations (CNO).6. Trade Policy and Offshoring Strategy:a.Why do nations trade with one another? Explain in your own words.(Ricardo’s Comparative Advantage Chapter 1 Appendix: Economics and Efficiency)b.What is Dynamic Comparative Advantage? [Vernon’s Theory] What are the economic and sociological implications of Vernon’s theory for the current debate on “Outsourcing” and “Off-shoring?” c.Globalization and Free Trade agreements (such as NAFTA) have had major impact onemployees. What strategies should Governments and Corporations adopt to minimize the impact of off-shoring on its employees in a global economy?A.Why do nations trade with one another? Explain in your own words.(Ricardo’s Comparative Advantage Chapter 1 Appendix: Economics and Efficiency)This theory of comparative advantage, also called comparative cost theory, is regarded as the classical theory of international trade.