Management in Diverse World Mathematics & Economics Essay (Essay Sample)
Globalisation and trading methodssource..
Management in a Diverse World
Globalization has facilitated better trading methods, ensuring economic growth in countries. Countries have different approaches to deal with technological advancement that results in higher economic growth. For example, the United States imports most of its products and still manages to be one of the most influential industrial countries. Multinational corporations and direct foreign investments haves facilitated cultural assimilation and interaction, which ensures shared beneficial technologies. Countries have different economic and financial institutions, which are governed differently to yield economic growth. States play an essential role in influencing the labor market, causing an influence on economic growth. Considering the changing trends in the global market, countries need to establish an absolute and comparative advantage that will be competitive on a worldwide scale.
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