What are the pros and cons of a company that competes in a global environment? How do you think this has affected the U. S. economy and the global economy? Consider these issues from the perspective of the company, their competitors, their employees, their shareholders and their consumers.
A global economy will create a high degree of specialization. Each country will specialize increasingly in their area of comparative advantage. Increased productivity and innovation result from the increased competition, improving living standards. Equality in living standards between nations improves as goods, capital and labor flow ...
Advantages and disadvantages of competing internationally