IBO 01 INTERNATIONAL BUSINESS ENVIRONMENT , IBO 01 Solved Assignment 2020-21 , IBO 01 Assignment 2020-21 , IBO 01 Assignment , IGNOU Assignments 2020-21- Gandhi National Open University had recently uploaded the assignments of this session for M.COM Programme for the year 2020-21. Students are recommended to download their Assignments from this webpage itself. They don’t need to go anywhere else when everything regarding the Assignments are available during this text only.
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IBO 01 Solved Assignment 2020-21
Course Code : IBO – 01
Course Title : International Business Environment
Assignment Code : IBO – 01/TMA/2020-21
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
Q-1 Critically examine the modern theory of international trade.
General Features of recent Theory:
Heckscher-Ohlin theory is understood as modern theory of international trade. it had been first formulated by Swedish economist Heckscher in 1919 and afterward fully developed by his student Ohlin in 1935. Heckscher-Ohlin theory, also called the factor endowments theory of international trade, attempts to elucidate that international trade is just a special case of inter-local or inter-regional trade, and there’s no need for a separate theory of international trade.
It emphasises that differences in factor endowments, and not differences in factor efficiency as maintained within the classical theory, are truth basis of international trade.
The modern theory of international trade is an extension of the overall equilibrium theory useful .
This theory has been suggests by Bertil Ohlin, a Swedish economist, and it’s replaced the normal comparative cost theory.
Just as individuals concentrate on economic activity during which they need comparative advantages, similarly countries concentrate on the assembly of certain commodities during which they need comparative advantage on the idea of factor endowments.
Just as differences in individual capabilities are the explanation for exchange between individuals, similarly differences in factor prices is that the explanation for international trade. Bertil Ohlin thus extends the analysis which is applicable to one market to the determination of values internationally i.e. exchange between different countries.
Thus, Ohlin observes “International trade is but a special case of inter-local or inter-regional trade.” Hence, consistent with Ohlin, there’s no got to have separate theory of international trade. He says that an equivalent fundamentals holds good of all trade, whether it’s internal trade or international trade. The classical theory of comparative cost is predicated on the idea of comparative immobility of the factors of production as between different countries. But Ohlin points out that this immobility is to be found even in several regions of an equivalent country.
According to Ohlin, the immediate explanation for international trade is that the difference in commodity prices which successively is thanks to the differences in factor prices. Goods are purchased because it cheaper to shop for them from outside the country.
The establishment of the speed of exchange between the 2 countries facilitates the comparison between the commodity prices prevailing within the two countries. Thus, in Ohlin’s opinion there are not any fundamental differences but only quantitative differences between inter-regional and international trade. Ohlin’s theory represents a departure from the classical theory and marks an excellent improvement thereon .
Besides the Heckscher-Ohlin theorem, the fashionable theory also includes three other closely related theorems:
(a) Factor-Price Equalisation Theorem:
An important implication of the Heckscher-Ohlin theorem is that free international trade between two countries will cause factor prices within the countries to become more equal. If both countries still produce both goods with trade , their factor prices will actually be equal.
(b) Stolper-Samuelson Theorem:
This theorem links international trade to the domestic distribution of income. It states that a rise within the relative price of the labour- intensive good will increase the labour price relative to both commodities prices and reduces the opposite factor prices relative to both commodity prices.
(c) Rybczynski Theorem:
This theorem relates trade with economic process . It states that at constant prices, a rise in one factor endowment will increase by a greater proportion the output of the great intensive therein factor and can reduce the output of the opposite good.
Q-2 What do you mean by globalization? Describe major forces of globalization with suitable examples.
Q-3 Explain the structure and functions of WTO. Is WTO helpful to international business or is it a hindrance? Substantiate your answer with examples.
Q-4 Comment on the following statements.
(a) Instability of export earnings of developing countries is caused by both demand and supply factors.
(b) Culture cannot be easily isolated from factors such as economic and political conditions and institutions.
(c) ECGC enhances credit worthiness of not only export business but also of exporters.
(d) Ethical dilemmas and ethical lapses are the same.
Q-5 Write notes on the following:
(a) Political Environment
(b) UNCTAD’s Integrated Programme on Commodities
(c) WTO and Environmental Agenda
(d) Multilateral Investment Guarantee Agency (MIGA)
IGNOU IBO 01 Solved Assignment 2020-21 : Gandhi National Open University had recently updated this session of 2020-21 M.Com Programme assignments on their official university website. we’ve made your work easy by making the solved assignments directly on one portal so as that students can easily get the solved assignments in one go. Students are advised to download their M.Com IGNOU Assignments from this webpage itself with none hassle.
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IBO 01 Solved Assignment 2020-21 , you’ll download the M.Com IGNOU assignments for these courses like M.Com Business Environment, Marketing Management, Business Environment, Financial Management and much more.
These assignments are valid for two admission cycles (July 2020 and January 2021). The validity is given below:
1. Those who are enrolled in July 2020, it is valid upto June 2021.
2. Those who are enrolled in January 2021, it is valid upto December 2021.
In case you are planning to appear in June Term-End Examination, you must submit the assignments to the Coordinator of your Study Centre latest by 15th March and if you are planning to appear in December Term-End Examination, you must submit them latest by 15th September.
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