Themes and Issues in the Modern Global Economy Research Paper

Themes and Issues in the Modern Global Economy - Research story ExampleAs a result, the need to venture into argonas where the cost of production is cheaper and easier to market to other areas arises. patronage these merits, the policy-making, economic, social, technological and environmental issues have to be put into consideration and optimally explored to ensure maximum profitability. The arena which offers better marketing mix attributes has many multinational companies knocking to invest their resources in order to increase profitability. One such country is China. The products to be bought are electronics mainly television sets and computers. These two are preferably crucial in the everyday life of an American and the rapid technological improvements are making them quite a dynamic. This dynamism allows the company to tap into the different market potentials with different marketing mix strategies put into cost-effective use. International Business International business activities affect many spheres of peoples daily lives. Whether 1 looks at the products, services and the impact of each of these, the results are obvious internationalization of business is imminent. The act of globalisation makes business much easier as different agreements and trading blocs allow for greater and easier access to products and services at reduced or subsidized prices. This reduces the cost of production and increases a companys profitability. Business restrictions are lessened every day with competition spreading on a global scale. The use of currencies is similarly being harmonized in some trade blocs such as the European Union with political relations being strengthened amongst the principal economic powers. The better relations ensure peace and constancy hence better global economic prospects. This further leads to better trades and economic relations that lead to operose competition and proper utilization of resources. Imports and exports have thus been ke y determinants of how well a country is do in terms of its GDP growth and the level of economic freedom.