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in the underlying rationale for global trade and explain the difference between comparative and absolute advantage.
2. What are the essential factors for economic growth and increased development of global trade flows? Why are they so important in today’s global economy?
3. A number of authors have observed that traditional, hierarchical organizations have changed in the current global economy. How have organizations changed? Why have they changed? What are the impacts of those changes likely to be?
4. What contributions do successful supply chains make to companies?
5. What is meant by the current description of the global economy that “time and distance have been compressed”? Do you agree? What has been the impact of this compression?
6. Why are customer service and its related strategy so important for companies operating global supply chains? Do you think that customer service is more important than lower cost to the customers?