Global competition. Social Sciences. Case Study Assignment (Case Study Sample)

Name:
Instructors’ Name:
Course:
Date:
Global Competition
Introduction
In the context of business, global competition refers to a pie-eating contest among the companies that have chosen to operate internationally. Taking Madrid City as the case study, the city is among the most developed one in the world characterized by large multinational companies (Laiglesia 2). The paper will briefly highlight global competition about growth trends, free trade issues, regional growth issues, privatization, technology, and eco-tourism.
Madrid is turning to be a dominant hub in the global economy. In terms of a growth trend, both the service and goods industries have kept pace with the dynamism of technology to gain competitive edge in the global market.
Free trade policies existing in Europe countries have offered the Madrid entrepreneurs an opportunity to practice in significant economies of scale. A large economy of scale allows companies to cut down their costs of production, thereby; they can make affordable prices that outshine competitors in the international market (Goodman 2).