Assignment: Discussion-Economic Systems, Comparative Advantage
An international business must understand the economic system embraced by the host country and its implications. Moreover, there are powerful economic arguments in support of international trade and they provide a useful perspective on international business.
Research economic systems using your textbook, Argosy University online library resources, and the Internet. Respond to the following:
Which economic systems would be most suitable for a country: centrally planned, mixed economy, or market economy? Since Canada is the 1 trading partner with the USA, focus specifically on Canada. Research Canada's mixed economy and comparing it to the American economy covering any comparative advantages of Canada. State any assumptions you make and give reasons for your position.
References
Central Intelligence Agency World Factbook (CIA). (2018).
Cléroux, P. (2018). 2018 Economic outlook for the Canadian economy.
Panetta, A., & Canadian Press. (2018, April 17). Canadian economy will still grow in 2018, just at a slightly slower pace, IMF predicts.
Wild, J. J. (2016). International Business: The Challenge of Globalization, 8th Edition. [Argosy University].