2. After World War II, the United States was the world's dominant economic power. We're still the largest economy, but the rest of the world has caught up significantly. In some areas, we've lost the lead. The production of consumer electronic equipment, for example, is largely done in the Far East. Is this trend good or bad for Americans? Explain.
3. Describe the difference between a floating and a fixed exchange rate system.
1. The ways in which international business has changed during the last 50 years is that business has become more impersonal. Businesses 50 years ago were more localized and the businesses used to know their customers personally. Businesses have now moved their operations to out of town industrial parks. Women play a larger role in business. Furthermore, business has become globalized now. Moreover, businesses of all sizes trade in the global marketplace. Information technology, computerization, and automation enable conducting customer service from a different country. Finally, business employees and persons are required to interact with persons of different culture. A multinational company is a ...
The answer to this problem explains three questions relating to international business. The references related to the answer are also included.