Business, 27.11.2020 21:20 pcartei

1) Using the theory of national competitive advantage, can you make a case for government policies that would build national competitive advantage in a particular industry. Would these kinds of policies contradict philosophy of free trade without government interference in domestic business operations?2)"Free Market Economies stimulate greater economic growth but government directed economic systems stifle/slow growth." Discuss this statement in the context of your understanding of the advantages and disadvantages of the various economic systems.3) When businesses make the decision to expand globally, they will encounter a wide range of cultural challenges, as they expand. Select three of these cultural differences and describe what challenges they present to the business and how can the business prepare and address these challenges.

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