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successful international economic policy coordination

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Upon your return home, you receive an invitation to speak to a class at the local high school. You are to be part of a panel of three local people considered to have experience in international business. The question you are assigned to answer is "What are some obstacles to successful international economic policy coordination?"

Examine current global economic and political policies and their impact on business decisions.

Use effective communication techniques.

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Solution Summary

A fundamental shift is occurring in the global economy, where the national economies are moving away from relatively self-contained entities isolated from each other through trade barriers, distances, time zones and languages. The new world order is characterized with tumbling cross border trade and investment barriers, shrinking perceived distances due to advances in transportation and communication technologies and similarity in material culture the world over. The national economies are merging into an interdependent global system. This processes, which is commonly known as "Globalization", has two main components [Hill 2003]:

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A fundamental shift is occurring in the global economy, where the national economies are moving away from relatively ...

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