International Trade Simulation - Rodamia Trade

This report impart start out decisions taken in quad multinational trade scenarios on with the decision results. The payoffs and limitations of apiece(prenominal) scenario go forth also be examined. This piece of music will also usher four key points from the yarn assignments that were emphasized in the simulation. The constitution concludes by explaining how some of the simulations concepts drive out be applied to this motive?s workplace. International manage Advantages and LimitationsIn scenario one, Rodamia wants to determine the possibilities of trade opportunities with Alfazia, Uthania and Suntize. Rodamia sun is in exporting convergency that Rodamia produces competently, and importing reapings that it is not businesslike in producing. Rodamia?s high mallow and DVD players were the potential export products. Suntize?s comparative advantage is in electronics thus importing watches from Suntize. Uthania is also a satisfactory choice because Uthania grows corn at a much lour cost than Rodamia. Suntize and Uthania were the countries chosen in this scenario for Rodamia to begin trading. The advantages of the choices atomic number 18 the fortune cost presented by the product of each solid ground. This results in each country being fitted to(p) to optimize in products that each cannot produce efficiently. The limitations of the choices are set apart to technology. Both Rodamia and Suntize must ceaselessly produce both consummation volume and innovative products in order to avoid rivalry of from other countries. Below are the results from scenario one.

Jan 2xx4ImportsTrade PartnerDomestic Production and ExportsCheeseCornUthaniaDVD PlayersWatchesSuntizeIn scenario two, Suntize has been importing watches into Rodamia at prices lower than Suntize?s interior(a) market. The Trade Representative dominance of Rodamia needs to determine whether to jaw trade restrictions with Suntize. In external trade ?when one country exports a significant benefit of goods to another country at prices much lower than in the domestic market.? (Dumping, n.d., para. 1). The decision make was to impose... If you want to get a full essay, order it on our website: Ordercustompaper.com

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