26 Jul EXPLAIN THE BALANCE OF PAYMENTS MODEL AND GIVE SOME EXAMPLES OF HOW TAXES CAN AFFECT THIS MODEL.
1. Write a paragraph on why Economic Blocks are forming around the World and give some logic as to why they form and why they do not benefit all?2. Using the PEST model (Economic issues Legal-Political Issues Social-Cultural Technology Issues) write a paragraph about what you would want to find for a favorable country for business and factors that may inhibit your ability to do business (write about at least two elements for the above issues example exchange and per capita GDP for Economics).3. Explain the balance of payments model and give some examples of how taxes can affect this model.4. What are the roles of the WTO IMF and World Bank (one paragraph)? Also incorporate concerns for sovereignty in your response.5. What is meant by Industrial or Employee Democracy and how will it affect your decision to enter a country using employees from that country (home country nationals).
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