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MNG4804 INT4801 ASSESSMENT 1 2024 Discuss ways in which international trade can recover from the ravages of the COVID-19 pandemic. In your answer, explain the WTO’s trade strategies to open markets, improve the employment rate and boost the African econ€5,32
MNG4804 INT4801 ASSESSMENT 1 2024 Discuss ways in which international trade can recover from the ravages of the COVID-19 pandemic. In your answer, explain the WTO’s trade strategies to open markets, improve the employment rate and boost the African econ
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Vak
International Business - INT4801 (INT4801)
Instelling
University Of South Africa (Unisa)
Boek
ISE International Business
MNG4804 INT4801 ASSESSMENT 1 2024 Discuss ways in which international trade can recover from the ravages of the COVID-19 pandemic. In your answer, explain the WTO’s trade strategies to open markets, improve the employment rate and boost the African economy. (20 marks)
key drivers of globali...
key drivers of globalisation that may increase the
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International Business - INT4801 (INT4801)
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Contents
QUESTION 1 .......................................................................................................................................... 5
Introduction ......................................................................................................................................... 5
Strategies for Recovery in International Trade ................................................................................... 5
Diversification of Supply Chains ..................................................................................................... 5
Digital Transformation .................................................................................................................... 5
Health and Safety Standards ......................................................................................................... 5
Trade Facilitation ............................................................................................................................ 5
WTO’s Trade Strategies...................................................................................................................... 6
Market Opening .............................................................................................................................. 6
Trade Facilitation Agreement (TFA) ............................................................................................... 6
Support for Developing Countries .................................................................................................. 6
Focus on Improving Employment ....................................................................................................... 6
Skill Development ........................................................................................................................... 6
SMEs Engagement......................................................................................................................... 6
Boosting the African Economy ............................................................................................................ 7
Aid for Trade ................................................................................................................................... 7
E-commerce and Digital Trade ....................................................................................................... 7
Multilateral Trade Negotiations ....................................................................................................... 7
Conclusion .......................................................................................................................................... 7
QUESTION 2 .......................................................................................................................................... 7
Introduction ......................................................................................................................................... 8
Geopolitical factors ......................................................................................................................... 8
Natural disasters............................................................................................................................. 8
Labor and human rights issues ...................................................................................................... 8
Cybersecurity threats...................................................................................................................... 8
Climate change............................................................................................................................... 8
Technological Advancements ......................................................................................................... 8
Trade Liberalization ........................................................................................................................ 9
Globalization of Markets ................................................................................................................. 9
Key drivers of globalization ................................................................................................................. 9
Economic Factors ........................................................................................................................... 9
Technological Factors ..................................................................................................................... 9
Political Factors ............................................................................................................................ 10
Trade liberalization ....................................................................................................................... 10
Globalization of production ........................................................................................................... 10
Cultural exchange and consumer demand .................................................................................. 11
Conclusion ........................................................................................................................................ 11
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