Discuss the globalization of the U.S. economy.
Answer to relevant QuestionsDifferentiate among the current account, balance of trade, and balance of payments.Enumerate the ways in which a nation can overcome an unfavorable balance of trade.Discuss the evolution of world trade that led to the formation of the WTO.Discuss the bases of world trade. Give examples illustrating the different bases.What is the importance of cultural empathy to foreign marketers? How do they acquire cultural empathy?
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