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MNG4804 ASSIGNMENT 1 2024 (IMPORTANCE OF TRADING BLOCS; SOUTH AFRICA INTERNATIONAL TRADE STRATEGIES)
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passmatetutorials@gmail.com MNG4804 ASS 1 20240612521185/0717513144/0680538213
DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS
NOT PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A
POSSIBLE SOLUTION TO THE TASK CONSISTENT WITH THEORY OF
INTERNATIONAL BUSINESS (MNG4804/INT4801). THIS ASSIGNMENT IS
INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR
ASSIGNMENT, AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR
CHEATING. WE BELIEVE THIS WILL BE A GOOD STARTING POINT AS IT WAS
PREPARED BY OUR TEAM OF PROFESSIONAL PRIVATE TUTORS WHO ARE
EXPERTS IN THE FIELD, AND IT WAS PREPARED USING VARIOUS SOURCES.
ANY SIMILARITY WITH ANY EXISTING THEORY OR DISCUSSION BY OTHER
AUTHORS IS EXCUSED. THE AUTHORS HOWEVER DO NOT CLAIM MONOPOLY
TO KNOWLEDGE HENCE MODIFICATION OF THE ANSWERS CONTAINED IN
THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT CONTRIBUTES TO
EXPANSION OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE ABOUT THE
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,passmatetutorials@gmail.com MNG4804 ASS 1 2024
0612521185/0717513144/0680538213
Contents
QUESTION 1 .......................................................................................................................................... 4
Introduction ......................................................................................................................................... 4
Strategies for Recovery in International Trade ................................................................................... 4
Diversification of Supply Chains ..................................................................................................... 4
Digital Transformation .................................................................................................................... 4
Health and Safety Standards ......................................................................................................... 4
Trade Facilitation ............................................................................................................................ 4
WTO’s Trade Strategies...................................................................................................................... 5
Market Opening .............................................................................................................................. 5
Trade Facilitation Agreement (TFA) ............................................................................................... 5
Support for Developing Countries .................................................................................................. 5
Focus on Improving Employment ....................................................................................................... 5
Skill Development ........................................................................................................................... 5
SMEs Engagement......................................................................................................................... 5
Boosting the African Economy ............................................................................................................ 6
Aid for Trade ................................................................................................................................... 6
E-commerce and Digital Trade ....................................................................................................... 6
Multilateral Trade Negotiations ....................................................................................................... 6
Conclusion .......................................................................................................................................... 6
QUESTION 2 .......................................................................................................................................... 6
Introduction ......................................................................................................................................... 7
Geopolitical factors ......................................................................................................................... 7
Natural disasters............................................................................................................................. 7
Labor and human rights issues ...................................................................................................... 7
Cybersecurity threats...................................................................................................................... 7
Climate change............................................................................................................................... 7
Technological Advancements ......................................................................................................... 7
Trade Liberalization ........................................................................................................................ 8
Globalization of Markets ................................................................................................................. 8
Key drivers of globalization ................................................................................................................. 8
Economic Factors ........................................................................................................................... 8
Technological Factors ..................................................................................................................... 8
Political Factors .............................................................................................................................. 9
Trade liberalization ......................................................................................................................... 9
Globalization of production ............................................................................................................. 9
Cultural exchange and consumer demand .................................................................................. 10
Conclusion ........................................................................................................................................ 10
, passmatetutorials@gmail.com MNG4804 ASS 1 2024
0612521185/0717513144/0680538213
QUESTION 3 ........................................................................................................................................ 10
The Double-Edged Sword: Culture's Impact on Multinationals in Africa .......................................... 10
Culture as a Competitive Advantage ................................................................................................ 11
Rich Market Knowledge ............................................................................................................... 11
Enhanced Innovation .................................................................................................................... 11
Stronger Relationships ................................................................................................................. 11
Culture as a Source of Problems: ..................................................................................................... 11
Communication Challenges ......................................................................................................... 11
Management Clashes .................................................................................................................. 11
Ethical Dilemmas .......................................................................................................................... 11
Addressing Cultural Impact:.............................................................................................................. 11
Localization ................................................................................................................................... 12
Building Diverse Teams ................................................................................................................ 12
Community Engagement .............................................................................................................. 12
The Rise of Intra-African Business ................................................................................................... 12
The Role of Technology ................................................................................................................ 12
The Importance of Storytelling ..................................................................................................... 12
The Evolving Landscape .............................................................................................................. 12
Conclusion ........................................................................................................................................ 13
QUESTION 4 ........................................................................................................................................ 13
Introduction ....................................................................................................................................... 13
Key strategies ................................................................................................................................... 14
Market Opportunity ....................................................................................................................... 14
Supply Chain Logistics ................................................................................................................. 14
International Law Compliance ...................................................................................................... 14
Strategic Partnerships (BRICS) .................................................................................................... 15
Local Resources ........................................................................................................................... 15
Diversification of Trade Partners .................................................................................................. 15
Economies of Scale ...................................................................................................................... 15
Enhanced Regional Integration .................................................................................................... 15
Technology Transfer and Skills Development .............................................................................. 16
Attracting Foreign Investment ...................................................................................................... 16
Conclusion ........................................................................................................................................ 16
References ............................................................................................................................................ 17
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