MGT 672 Mod 2 Theories of International Trade & Investment Discussion

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Explain how nations can enhance their competitive advantage. What are the determinants of national competitiveness? Provide at least one example of a country with successful national industrial policies.


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MGT672 Critical Thinking Writing Rubric - Module 2 Exceeds Expectation Content, Research, and Analysis 21-25 Points Requirements Exceeds Expectation Includes all of the required components, as specified in the assignment. 21-25 Points Content Exceeds Expectation Demonstrates substantial and extensive knowledge of the materials, with no errors or major omissions. 25-30 Points Analysis Exceeds Expectation Provides strong thought, insight, and analysis of the Six Steps of Decision Making Framework, concepts and applications. 13-15 Points Sources Exceeds Expectation Sources go above and beyond required criteria, and are well chosen to provide effective substance and perspectives on the issue under examination. Meets Expectation Below Expectation Limited Evidence 16-20 Points Meets Expectation - Includes most of the required components, as specified in the assignment. 11-15 Points Below Expectation - Includes some of the required components, as specified in the assignment. 6-10 Points Limited Evidence Includes few of the required components, as specified in the assignment. 16-20 Points Meets Expectation - Demonstrates adequate knowledge of the materials; may include some minor errors or omissions. 11-15 Points Below Expectation - Demonstrates fair knowledge of the materials and/or includes some major errors or omissions. 6-10 Points Limited Evidence Fails to demonstrate knowledge of the materials and/or includes many major errors or omissions. 19-24 Points Meets Expectation - Provides adequate thought, insight, and analysis of the Six Steps of Decision Making Framework, concepts and applications. 10-12 Points Meets Expectation - Sources meet required criteria and are adequately chosen to provide substance and perspectives on the issue under examination. 13-18 Points Below Expectation - Provides poor thought, insight, and analysis of the Six Steps of Decision Making Framework, concepts and applications. 7-12 Points Limited Evidence Provides little or no thought, insight, and analysis of the Six Steps of Decision Making Framework, concepts and applications. 7-9 Points Below Expectation - Sources meet required criteria, but are poorly chosen to provide substance and perspectives on the issue under examination. 4-6 Points Limited Evidence Source selection and integration of knowledge from the course is clearly deficient. MGT672 Critical Thinking Writing Rubric - Module 2 Mechanics and Writing Demonstrates college-level proficiency in organization, grammar and style. 5 Points Exceeds Expectation Project is clearly organized, well written, and in proper format as outlined in the assignment. Strong sentence and paragraph structure; contains no errors in grammar, spelling, APA style, or APA citations and references. Total points possible = 100 4 Points Meets Expectation - Project is fairly well organized and written, and is in proper format as outlined in the assignment. Reasonably good sentence and paragraph structure; may include a few minor errors in grammar, spelling, APA style, or APA citations and references. 3 Points Below Expectation - Project is poorly organized and written, and may not follow proper format as outlined in the assignment. Inconsistent to inadequate sentence and paragraph development, and/or includes numerous or major errors in grammar, spelling, APA style, or APA citations and references. 1-2 Points Limited Evidence Project is not organized or well written, and is not in proper format as outlined in the assignment. Poor quality work; unacceptable in terms of grammar, spelling, APA style, and APA citations and references.
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Running head: MANAGEMENT

1

Theories of International Trade and Investment
Institution Affiliation
Date

MANAGEMENT

2
International Trade and Investments

The economic growth of any country or region is significantly dependent on international
trade and investments. These are essential drivers of economic growth and development.
International trade consists of the exchange of vital drivers that promote business growth, such as
capital, products, and services across international boundaries and territories. There are
international trade theories whose purpose is to describe the aspects of international trade (Patel,
2017). They have different categories of international such as comparative advantage,
competitive advantage, mercantilism, and others. In this study, our focus will be on the theory of
competitive advantage, determinants of national competitiveness, and a successful national
industrial policy.
Competitive Advantage
Some countries have assets and competencies that are distinctive to a firm. These are
acquired from the size or capacity of innovation strengths, cost, capacity to upgrade, and others
that are complex for competitors to replicate or copy. This theory of competitiveness seeks to
explain why some countries are more competitive in some sectors than others. The theory is
explained further through four determinants linked together. These determinants are conditions
of demand in the domestic market, resources and capabilities of the domestic market,
characteristics of domestic firms, and complementary industries, and local suppliersLubis, (R.
2018). This theory enables a country to produce products and services of the same value at a
lesser price or in a more profitable manner. Compared to rival markets, these conditions and
determinants enable a co...


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