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Competing in a global trade environment - Coggle Diagram
Competing in a global trade environment
WTO
Conduct business
Government social and environmental objectives
Rules for commerce
Local, regional, national and supranational levels
NAFTA - North American Free Trade Area
EMU - European monetary Union
Comparative Advantage
Absolute comparative advantage
Adam Smith 1776
Relative comparative advantage
David Ricardo 1819
The Diamond Model
Porter, 1990
Demand
conditions
Related and
supporting industries
Structure of
firms and rivalry
Factor
conditions (Natural Resources)
Five forces model
Porter 1990
BUYERS
POTENTIAL
ENTRANTS
SUPPLIERS
SUBSTITUTES
INDUSTRY
COMPETITORS
Rivalry among
existing firms