Key Term: Quality and Price

 

Conduct an Internet search to find and read at least 3 recent articles that relate to the key term you selected.
Articles may be found in the International section of any reputable website that focuses on international
business, such as Wall Street Journal, Financial Times, or the Economist. Another good source of information
is EBSCOhost, accessible through Liberty’s online library. Websites like about.com, britanica.com, Wikipedia
etc. do not constitute scholarly academic articles and references.
4. Of the 3 articles you’ve read, select the article that you wish to discuss, and write a review of it. In addition,
you must post all 3 (or more) recent articles to the reference section—even though you review only one of
them. You may provide additional references, but references do not replace 3 articles that relate to your key
term. Actually reference the article you review within the article review. Your review must include the following
sections (each section must be structured by a heading for each section):
a. A definition of the key term: this does not count in the 200 word minimum requirement.
b. A summary, in your own words, of the selected article

 

Sample Solution

china resulting to improvements of their financial system and consecutive developments (Chen, & Emile, 2013 p. 118). Consequently, technology transfer has led to shift to manufacturing industries, which has attracted investors to the countries. Technology has resulted to increase of improved productivity through lowered cost of production by lowering the cost of labour and increasing relative labour productivity. According to comparative advantage theory by Ricardo, a ‘country should concentrate on production of goods that is best suited at lowered cost in order to improve productivity and economy through export to a second country that is not good in production’ (Bento, 2009 p. 28). Developing countries have been able to achieve improved productivity and specialization through adoption of technologies that have been introduced in their countries by other developed countries through trade liberalization. For example, India has evidenced comparative advantage by employing labour intensive production skills in manufacturing and services that employs intensive skills as in software industries. This has led to its increased exports in its production to other Asians countries thus increasing its revenues and gross domestic income that has played a major role in its economic development. High technologies attract foreign investors and investments increase. Increased investments in the developing countries also results to significant decrease in levels of unemployment. Consecutive increase in exports from developing countries has been due to decreased barrier and reduced tariffs (Johnston, et al 2011, free trade). Therefore, it can be concluded that free trade is has helped countries to advance economically and realise their economic goals such as millennium development goals.

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