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International Business
Dec 2020
1. Discuss how Porter’s Diamond Theory can be used to explain India’s growth as an IT services export hub for global markets. (10 Marks)
Introduction
Porter Diamond Theory of National Advantage, commonly referred to as Porter’s Diamond Theory is a popular theory that helps a nation or business groups analyze its competitive advantage available to them and how they
2. How do the levels of economic integration differ? How does USMCA (United States-Mexico- Canada Agreement) differ from NAFTA in terms of economic benefits for member nations?
Introduction
A process, called Economic Integration, in which at least two states with broadly demarketed geographic areas agree to bring down many types of trade barriers so that both/all the countries protect or advance a set of economic goals.
The level of
3. Read the passage and answer the questions given below it:
While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with — and control of — a rapidly digitizing economy. Trials have been held this year in a handful of cities and tests have started with some e-wallets and online apps, with the Covid-19 pandemic and need for social distancing providing a new sense of urgency. Unlike cryptocurrencies such as Bitcoin, dealing in the digital yuan won’t have any presumption of anonymity, and its value will be as stable as the physical yuan, which will be sticking around too. Behind China’s rush is a desire to manage technological change on its own terms. As one PBOC official put it, currency isn’t only an economic issue, it’s also about sovereignty.
Not all the details are out, but according to new patents registered by the PBOC and official speeches, it could work something like this: Consumers and businesses would download a digital wallet onto their mobile phone and fill it with money from their account at a commercial bank — similar to going to an ATM. They then use that money — dubbed Digital Currency Electronic Payment, or DCEP — like cash to make and receive payments directly with anyone else who also has a digital wallet. Some questions remain, including the impact on Big Tech companies such as Ant Group Co. and Tencent Holdings Ltd. that already offer payment services. (retrieved from : https://www.bloomberg.com/news/articles/2020-09-08/how-china-is-closing-in-on-its-own-digital-currency-quicktake)
a. What is the role of digital currency in the economic environment of a nation? (5 Marks)
Introduction
World Economic Forum (2019) says, “This digital currency could build a more sustainable global economy.” Suppose we are talking about banking and payments, investment and trade, and the
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