Why do people trade? When answering this question consider the history o

| March 29, 2017

Question
1. Visit.worldbusinessculture.com/”>World Business Culture and choose two countries that appear to be culturally diverse. Compare the culture of those countries and then indicate how cultural differences influence:

The cost of doing business in each country
The likely future economic development of that country
Business Practices
2. Why do people trade? When answering this question consider the history of trade and how trade has influenced history. Consider the theories of Absolute and Comparative Advantage. Incorporate thoughts on the Ricardian model, Heckscher (1919) – Olin (1933) Theory, Leontief Paradox and the New Trade Theory.

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