Question

-Do you see world trade becoming more open or less open? Why?
-Has globalization and international business each helped or hindered the prospects of the Connecticut and U.S. economies?
-What are the top 5 most important currencies in the world today in your view? Do you see any changes in the future?
-Do you think diversifying your firm’s operations into other countries heightens or lowers risk to the firm?
-Do you agree more with the populist model of a more inward looking nation-centered approach to society, economics, politics etc., or the globalist model of more centralized external control over a nation-state? Which one is better for society and the economy in your opinion?  

Answer 1

1. I see the World trade becoming less open because of this pandemic as people are afraid from travelling to other countries and restraining them self to their own boundaries. American government is already introducing a trade war against China and it is going to get intense after the pandemic is over.

2. Globalisation and international business has helped the prospects of US economy because it has helped the US to access a large amount of global economy which were yet undiscovered.

3. according to me at top five currencies are are Dollars, Euros, Pound Yuan and Rupee.

4. Diversifying a firm into Global business increases the opportunities as well as the threat. There is a high level of analysis that must be involved before taking a decision over whether to go Global, or whether to stay domestic because there are certain market risk which can never be managed due to different spectrum of global arena like political and exchange risk.