Questions: Buy Cheap Custom Essay-Choosing Between Regional and Global Free Trade
1. China and Asia have the most comparative advantages in producing apparel. Free trade theory implies that retailers should import clothing from the most efficient country. Given this the potential and the drawbacks of regional integration, would it be better to allow free trade to take its natural course? That is, should agreements like OPT be restricted and apparel retailers be allowed to import from the most cost effective suppliers, where ever they are located worldwide?
2. What are the advantages and disadvantages of OPT to Romanian firms and to Romania as a nation?
3. Romania is a poor country that faces job losses in its apparel sector from growing foreign competition. What can the Romanian government do to help keep jobs in Romania? Should the government try to attract more foreign investment into Romania? What steps could the government take to attract more FDI (foreign direct investment)?
4. H&M is smaller than Spanish rival ZARA. What should H&M do to compete with this firm which also sources fast fashion from Europe? What should H&M do to counter the flood of low – cost apparel now entering the global market from China? What can H&M do to ensure its future survival and success?
