You are expected to write a one-page memo about how you think current trends in the global economy will affect your firm and the industry it is in based on the following materials: Teaching Note:...

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Title: International Economics
In today’s world, globalisation has been ingrained in all fields whether government, business, social or economic. Globalization can be referred as cross integration between various countries. It is the only process by which world is increasingly becoming interconnected. It is helping in massively increasing trade and cultural exchange. The organisations are no longer national firms but converted into multinational corporations with subsidiaries operating in more than one country. It fosters two-way communication and allow free movement of goods, capital, labour and services. As mentioned by Altinay & Dagli (2017), technology is the main force in the modern from of business globalisation. It has contributed a lot in overcoming obstacles such as delays in exchange of information, trade barriers, and transportation cost. It facilitated effortless information exchange across borders and expansion of resources. Hence, information technology is the catalyst for global integration in this era of globalisation. It has completely changed the world in the way it used to operate earlier.
The United States lead the global landscape in technology innovation. Countries that are adopting latest technology and...