Germany, a hawk in matters of inflation, has experienced a fairly constant rate of growth. For the world as a whole, the trade sector grew from about 25 percent in to about 58 percent in It recovered in the following two years, but then trade dropped again, and since then, trade has basically flatlined.
Internet and mobile technology — developed in other parts of the world — now give them the opportunity to access financial services and receive payments. In that period, the global stock of FDI grew from 0.
Yet the alternative is hardly better. When the telephone was introduced, it took 75 years for it to reach to million users. Yet growing trade and investment were key factors behind the price development, and all that begs the question: how large part of the increasing living standards that Western households have experienced in the age of globalization can reasonably be described as a consequence of the growth of trade?
Management also encounters various environmental challenges in the area of organisational behaviour. The global financial crisis in led to a big collapse in trade. However, one way to respond to that question is to engage, yet again, in a thought experiment: what would have been the price of a good if it had not been exposed to international trade and competition?
In examining the upside of going global, consider the sheer size of international markets as contrasted with the size of the domestic market and you will likely find that the majority of your potential customers live abroad.
Technology-based ecosystems emphasise on innovation and idea conversion, such as high-tech, automobiles, consumer electronics, and machinery industries.