Internationalization of Trade Essay Example | Topics and Well Written Essays - 2250 words

Internationalization of Trade - Essay Example The research is about international trade, mainly strategies of becoming internationally competative. It is limited to the study of the East Asian markets. The topicality of the work is stipulated by the fact that since East Asian economies have joined the world trading community they have been causing a huge shift in relative prices and incomes of labor, commodities, goods, and assets. The new models of business and strategies used in these economies are based on their adoption of free market policies, liberalization and permission for FDI, and, of course, abundantly available cheap labour. Tax incentives and lowering and removing of trade barriers opened these markets to the West. With reference to relevant theories and models, the author tries to outline and critically appraise the learning and capability development strategies used by East Asian emerging companies to become internationally competitive. The researcher attempts to explain how international competitive advantages in the cars, clothes and chips sectors are shaped by production features, market structure, nature of competitive rivalry, and government policy. Using examples the writer seeks an answer why and in what ways the retail, financial and telecommunications sectors are becoming more international. The work describes the role of information and communication technologies and deregulation in the internationalisation of those sectors.