Week 3 - Regional Economic Integration Areas
Free Trade Area, Custom Union, Common Market, Economic Union, and Political Union are the 5 levels
of Economic Integration. Define each. NAFTA is the North American Free Trade Agreement and
includes Canada, Mex
December 11, 2015
South Korean Business Environment
South Korea is one of the biggest business centers in Asia. Many people know the
country by its popular brands, such as Samsung, Hyundai, Kia, and LG. South Korea is
August 31, 2015
Economy is the one complex machine that provides wealth and peace to human
kind. Also, it requires so much effort, and participation to keep its balance. If the balance
is loose, globaliza
1. Argue that basic culture can be divided between Individualistic culture and Collectivist culture.
Show how each trait affects political and economic systems. Discuss how managing personnel and/or
marketing product or services would be affected by wheth
1. What are the key differences between centralized and decentralized organizations?
2. Which organizational structure is better? And why?
There are a lot of key differences between centralized and decentralized organizations. Centralization is a
Is there a most important factor (social, cultural, economic, and environmental) to abide to when
conducting business internationally?
Although all four factors (social, cultural, economic, and environmental) are important, I do believe there
is one facto
1. By implementing market research, companies can benefit in many forms. The amount of market
research that will benefit a company depends on how much money a company can put into the project.
Its rather simple, the more you put into a project, the better
If you owned a business and wanted to avoid currency exchange risk, which contract would you prefer to
enter into and why?
If I owned a business and wanted to avoid any currency exchange risks, then I would enter into a futures
contract. A futures contrac
1. Since Globalization has made it possible for goods, services, capital, technology, and culture to cross
national boarders (Gaspar, 5) then I do I believe that it will help developing countries prosper. With the
restriction on trade elimi
September 24, 2015
One of the most competitive industries in the world is the car industry. There are
many car manufacturers that fulfill the needs of the customers. Many countries such as
Japan, United States, Korea