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Effect of Economics, Government & Laws on Global Value Creation

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Suppose that you are either using offshore manufacturing or have outsourced services to another country. Discuss the following:
1. Please evaluate how economics, the government, and laws could affect value creation from a global context.
2. Evaluate the impact of economics and the government on business operations.
3. Predict the impact of laws on business operations.
4. Assess how business operations can affect value creation in the global context.

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1. Please evaluate how economics, the government, and laws could affect value creation from a global context.
From a global business perspective, economics could affect the demand for and supply of the product made. The government can enter into treaties and agreements and these could affect the trade, pricing, and cost of production. Laws can affect the implementation of the global strategy. For instance, a US based company cannot pay bribes to secure a contract because of the Foreign Corrupt Practices ...

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