According to Jim Myers, president of the American Chamber of Commerce in South Africa, nearly 50% of the chamber’s members are Fortune 500 companies, and that over 90% operate beyond South Africa’s borders into southern Africa, sub-Saharan Africa and across the continent. “The sophisticated business environment of South Africa provides a powerful strategic export and manufacturing platform for achieving global competitive advantage, cost reductions and new market access,” says Myers (Brand South Africa, 2005).

Critically analyse the above statement, taking into account the following:

1. What is international business, and how has it transformed the world economy?
2. The four trends that provide evidence for the globalisation of markets. Provide a South African case example to illustrate one of the trends.
3. What role do other factors play such as Covid 19 and the reduction of South African companies?

Answer rating: 100% (QA)

Critical Analysis of Jim Myers Statement on South Africas Business Environment International Business and Globalized Economy International Business Refers to commercial transactions trade and investme... View the full answer