International Business Environment: About the merits of globalisation, the role of WTO in world trade, emerging and transition economies (China and Eastern Europe) and trade liberalisation

Essay from the year 2006 in the subject Business economics - Economic Policy, grade: 64 % - B, University of Sunderland, language: English, abstract: Following questions will be answered: Analyse the merits of globalisation in terms of their benefits to countries? It is said that 'Trade Liberalisation is generally supported by governments', but many barriers still exist. Discuss why this is the case? In context of emerging economies (i.e. China) or transition economies (i.e. Eastern Europe), explain how they can benefit from foreign direct investment (FDI)? Critically evaluate the role of the WTO within world trade and international competition?